Glencore: Expected to achieve $3.3 billion in transaction profits in the first half of the year due to the Iran war
2026-07-30 01:34:44
According to CoinMeta, commodity production and trading giant Glencore expects to achieve approximately $3.3 billion in profits in its marketing department for the first half of the year. This is due to the extreme market fluctuations during the Iran war, which brought unexpected gains to energy commodity traders. The company is expected to release strong half-year adjusted earnings before interest, taxes, and depreciation (EBITDA) next week, which includes oil trading. Although Glencore has not specified the contribution of energy trading to profits, it is expected to be disclosed in next week's detailed half-year earnings report. Market fluctuations over the past five months have led to Glencore's trading profits having the potential to achieve their best annual performance.
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Source:Internet
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