Glencore

Glencore suspends iron ore chief amid Radiant World probe

Glencore has suspended Peter Hill, its head of trading for steelmaking raw materials including iron ore and coking coal, as the commodities giant reviews its dealings with embattled iron ore trader Radiant World, according to Bloomberg and the Financial Times.

Radiant World sues Glencore for $2 billion in Singapore

Radiant World and Sapphire Minmetals filed a $2 billion lawsuit against Glencore in Singapore on Tuesday, opening an aggressive new front in a sprawling dispute that has rocked the commodities trading world and drawn the attention of U.S. and Singaporean…

Copper prices test all-time highs as US tariff threat drains global inventories

Copper prices are testing all-time highs as the prospect of U.S. import tariffs reshapes global trade flows, draining inventories outside the United States even as the world produces more of the metal than it consumes.

Glencore held warrants in Radiant World before cutting ties

Glencore acquired warrants for a minority ownership stake in Radiant World in late 2025, just months before cutting ties with the Singapore-based iron ore trader now facing U.S. federal investigations over allegedly falsified trade documents, Bloomberg reported Monday.

Glencore energy trading profits surge 66-fold amid Iran war

Glencore reported on Wednesday that its energy trading profits soared 66-fold in the first half of 2026 compared to a year earlier, while BP posted its highest quarterly profit since 2022, as the Iran war drove oil, fuel, and LNG…

Glencore profits surge, miner targets ASX listing in October

Glencore reported an 86% jump in first-half adjusted earnings on Wednesday, powered by its commodity trading arm capitalizing on energy market volatility triggered by the Middle East conflict, and announced plans for a secondary listing on the Australian Securities Exchange…

Vitol, Cargill cut ties with iron ore trader over fake invoices

Three of the world's largest commodity trading houses have severed or frozen business ties with Radiant World, a fast-growing iron ore trader, after encountering documents the company provided to its banks that were deemed invalid, Bloomberg reported on Thursday.

Glencore, Rio Tinto post bumper H1 results amid commodity boom

Two of the world's largest mining companies reported robust first-half results on Wednesday, buoyed by elevated commodity prices, rising production, and extreme market volatility tied to the ongoing conflict in the Middle East.

Glencore trading profits double to $3.3B amid Iran war

Glencore reported on Wednesday that its commodity trading division expects first-half profit of approximately $3.3 billion, roughly double the $1.4 billion earned in the same period last year and about $1 billion above analyst expectations, as the Israel-Iran war generated…