(Bloomberg) -- Zinc jumped the most in almost five months, leading other metals higher after top producer Glencore Plc warned that Europe’s energy crisis poses a substantial threat to supply.Most Read from BloombergChina Likely Fired Missiles Over Taiwan in Drills, Japan SaysHow a Celebrity CEO’s Rule of Fear Helped Bring Down Hot Startup ZilingoSneakerhead Accused of Running Huge Air Jordan Ponzi SchemeGlencore has already suspended production at one of its zinc smelters in Europe, leading to a
The war in Ukraine will produce no winners — except energy companies. A doubling in Glencore’s adjusted half-year earnings illustrates the point. The energy crisis triggered by the conflict is the main reason.
(Bloomberg) -- Glencore Plc will return an additional $4.45 billion to shareholders in dividends and share buybacks after first-half profit more than doubled to a record thanks to surging coal prices.Glencore, the world’s top coal shipper, has been one of the biggest winners from the global energy crunch as demand surges for fossil fuels. The company’s sprawling trading business has also cashed in on dramatic price swings across markets from metals to oil following Russia’s invasion of Ukraine.G