In the third quarter update, Glencore raised the earned earnings forecast for the whole year.
The group plans to meet the $ 3.2 billion -year -old revenue as a rebalancing global energy market.
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Commenting on the results, the highest executive Officer Gary Nagle stated: “The asset base is mainly executed in accordance with our expectations, and the production guidance for the year remains the same.”
“In particular, as the energy market has improved, it has recovered from market -led production reductions in H2 2020’s coal portfolio in Australia.
“The continuous and powerful performance of Base Marketing is expected to exceed the long -term guidance range of $ 3.2 billion from the top of $ 2.2 billion to $ 3.2 billion per year.”
Stocks have decreased by 0.8 % in early transactions.
