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Glencore rises as bumper first-half trading profits near full-year target
['Min Read']
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The strong performance from the marketing division came during a period marked by sharp commodity-price swings and disruption from the Middle East conflict.
Chief executive Gary Nagle said Glencore expected to report the strong half-year earnings alongside a robust production performance across its mining operations.
Glencore left its full-year copper guidance unchanged at 810,000-870,000 tonnes despite completing the sale of the Kidd mine in June.
The energy coal forecast was raised by one million tonnes to 96-101 million tonnes following stronger Australian production.
Steelmaking coal guidance was narrowed to 30-32 million tonnes from 30-34 million tonnes.