London—commodities giant Glencore Plc said on Friday it made more money trading in oil, metals and other commodities in six months than it expected to make in the full year, citing unprecedented volatility in markets in the wake of the global recovery from the pandemic. invasion of ukraine,
Glencore said its trading division expects to post half-year earnings before interest and taxes of more than $3.2 billion, at the top end of the company’s full-year guidance. Throughout 2021, the division generated $3.7 billion. Shares were up nearly 4% in early London trading.