Glencore Returns to Profit on Commodities Boom - News Summed Up

Glencore Returns to Profit on Commodities Boom


LONDON—Glencore PLC rode a wave of surging commodity prices in 2016 to return to a profit of $1.4 billion, marking a head-snapping turnaround for a miner that faced an investor revolt just 18 months ago. With cash hordes now burgeoning at the world’s No. 4 mining company by market value, Chief Executive Ivan Glasenberg now faces a tough...


Source: Wall Street Journal February 23, 2017 08:26 UTC



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