Glencore gets boost from commodity volatility as trading business shines
The group expects its trading business to ‘comfortably exceed’ a $3.2bn full-year profit guidance
28 April 2022 - 12:31
Diversified miner and commodity trader Glencore says the extreme volatility in markets as a result of the war in Ukraine has boosted its marketing business, which should comfortably exceed profit guidance of up to $3.2bn (R50.8bn) for its full-year.
Glencore is one of the world’s largest traders of physical commodities, and that sets it apart from many of its peers, which rely mostly on physical production...
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