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Glencore Made More Money Trading Commodities in Six Months Than It Expected All Year

LONDON—Commodities large Glencore PLC stated Friday it made more cash buying and selling oil, metals and different commodities in six months than it had anticipated to make all 12 months, citing unprecedented volatility in markets in the wake of the worldwide restoration from the pandemic and the invasion of Ukraine.

Glencore stated its buying and selling division expects to submit half-year earnings earlier than curiosity and taxes of greater than $3.2 billion, on the prime finish of the corporate’s full-year steering. In the entire of 2021, the division generated earnings of $3.7 billion. Shares had been up practically 4% in early London morning buying and selling.

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