Glencore reported 1H underlying earnings of $10.1bn, up 86% YoY, driven by higher core commodity prices and one of the trading division’s strongest periods in years as energy prices spiked amid the Iran war and triggered severe global commodity volatility. The company will return an additional $1.5bn to shareholders, comprising a $1.0bn special dividend and $0.5bn buyback. Coal, a major profit driver for Glencore, benefited from Middle East-driven energy market disruption. Copper hit record high

Glencore reported 1H underlying earnings of $10.1bn, up 86% YoY, driven by higher core commodity prices and one of the trading division’s strongest periods in years as energy prices spiked amid the Iran war and triggered severe global commodity volatility. The company will return an additional $1.5bn to shareholders, comprising a $1.0bn special dividend and $0.5bn buyback. Coal, a major profit driver for Glencore, benefited from Middle East-driven energy market disruption. Copper hit record highs in 1H, supported by rapid AI-related demand and tariff-driven trade dynamics. Glencore said it will seek a second listing in Australia.