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Glencore Boosts Outlook for Another Bumper Trading Year This content was published on July 30, 2021 - 06:59 July 30, 2021 - 06:59 (Bloomberg) Glencore Plc is set to report another year of bumper profits from its trading business as the commodities giant cashes in on soaring prices, but lowered expectations for production of its own material. The unit’s core profit is now expected to hit the top end of its guidance range of $2.2 billion to $3.2 billion this year, Glencore said in a statement Friday. The upgraded outlook would bring earnings from the trading business close to the record $3.3 billion the company reported last year, and help offset a series of setbacks at its own mines that have forced the company to lower some production forecasts.

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