Glencore Trading Profit Is on Course to Smash Through Record

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

(Source: Bloomberg June 17, 2022 by Thomas Biesheuvel )

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