Glencore trading profit on course to smash through record

The commodity trader heralds a new record in trading profit for the first half year made possible by increasing energy prices and market volatility.

Photo: Siphiwe Sibeko/Reuters/Ritzau Scanpix

Glencore Plc’s first half-profit from trading commodities will be bigger than it typically reports for an entire year, putting the resources giant on course for a record 2022 as it cashes in on soaring prices and volatility.

The commodity trading industry is enjoying its most profitable period ever, as Russia’s invasion of Ukraine sparks wild swings in markets that were already at or near record highs even before the war started, creating opportunities for the traders who transport the world’s resources. 

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ukrainian utility hit by cyberattack

Russian hackers have allegedly carried out a cyberattack against the largest privately owned utility in Ukraine, DTEK Group. The perpetrators’ goal was to destabilize, the company reports.

Further reading

Related articles

Latest News

See all jobs