Mining News

Glencore interim trading profit seen beating full-year guidance at $3.2bn

Diversified miner and commodities trader Glencore said on Friday that its marketing division’s interim earnings before interest and taxes (EBIT) would exceed $3.2-billion, which is the top end of its full-year guidance.

The company’s full-year adjusted EBIT guidance range was between $2.2-billion and $3.2-billion.

Glencore said its marketing business had successfully navigated the extraordinary global challenges faced during the six months, and continued to be a source of reliable commodity supply to customers.

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