Glencore Raises 2026 Commodity Trading Profit Forecast Above $5 Billion

Key Facts

Glencore expects its commodity trading division profits to exceed $5 billion this year. Seeking Alpha reported that the company's updated financial outlook projects marketing division EBIT will surpass the previous guidance of approximately $4.9 billion, placing the firm on track for one of the best results in its history.

The upward revision reflects strong performance across commodity markets and the company's ability to capitalize on price volatility and supply chain disruptions. In equity markets, GLNCY closed at $14.48 on October 1, 2026, having traded between a day high of $14.51 and a low of $14.28 during that session.