1 of 1
Story summary
- Glencore Plc reported first-half profit of about $3.3 billion, its best half-year result.
- The profit puts the company near its $3.5 billion target and ahead of last year’s $2.9 billion.
- Glencore shares rose 4.1% in London trading, lifting year-to-date gains to roughly 30%.
- The surge follows the February closure of the Strait of Hormuz and Ukrainian attacks on Russian fuel plants that boosted copper and aluminum prices and trader margins.
