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Glencore Profit Jumps on Trading Boom and Record Copper

Bloomberg Markets Wednesday 05 August 2026, 06:07 UTC By Thomas Biesheuvel 1 min read
Key Points

Glencore Profit Jumps on Trading Boom and Record Copper Glencore Plc reported a steep jump in profits after a surge in the price of its most important commodities and its trading unit had one of its best ever periods as the Iran war sent energy prices soaring. The company reported first-half core earnings of $10.1 billion, 86% higher than the previous year. Glencore said it’s returning an additional $1.5 billion to shareholders, including a top up distribution of $1 billion and a $500...

Glencore Profit Jumps on Trading Boom and Record Copper Glencore Plc reported a steep jump in profits after a surge in the price of its most important commodities and its trading unit had one of its best ever periods as the Iran war sent energy prices soaring. The company reported first-half core earnings of $10.1 billion, 86% higher than the previous year. Glencore said it’s returning an additional $1.5 billion to shareholders, including a top up distribution of $1 billion and a $500 million buyback.
Record Copper Glencore Plc (ORG) the Iran war (EVENT)
Originally published by Bloomberg Markets Read original →

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