Soaring fossil fuel prices allow Glencore to reap massive profits

Soaring fossil fuel prices allow Glencore to reap massive profits

Glencore, the Swiss commodity trading giant, will pay an additional $4.5 billion to its shareholders after seeing its profits explode in the first half of the year in the face of soaring oil, gas and coal prices. For the first half of the year, its net profit attributable to shareholders increased ninefold, jumping to nearly …

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