Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
BHP Group reported a flat first-half underlying profit, citing strong revenue generation but warning of inflation impact. Glencore experienced a steep drop in profit due to market retreat from price spikes post Russia's invasion of Ukraine. Glencore's 2023 earnings halved on lower commodity prices, leading to a dividend cut and a focus on debt reduction.
COMMODITY TRADING: Glencore reports a steep drop in profit after markets retreated from the price spikes and wild swings that drove blockbuster earnings in the aftermath of Russia’s invasion of Ukraine | $GLEN https://t.co/yKuMPvtzdA
#Glencore joins #BHP in assigning some blame for declining #nickel prices to the London Metal Exchange. But when did the LME become a producer?! Its warehouse stocks are a reflection of supply-demand fundamentals
#Glencore says it doesnt expect the #nickel market to rebalance "for quite some time". Notes that despite continued strong growth in global electric vehicle sales, nickel’s price dropped 45% over the course of the year
