| Glencore Plc, the world’s biggest commodity trader, improved its earnings forecast for its trading division after coal and zinc prices rallied to the highest in at least four years.
Earnings before interest and tax will be $2.5 billion to $2.7 billion for this year, Baar, Switzerland-based Glencore said in a third-quarter production statement Thursday. That’s a slight improvement on its previous estimate of $2.4 billion to $2.7 billion. The company didn’t give a reason for the revised forecast.............................................Full Article: Source
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