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Kalkine Media ASX Share Market News & Research

Should you hold Glencore stock (LON-GLEN)?

June 20, 2022 12:23 AM BST | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

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The Russia-Ukraine fallout has led to economic turbulence not just in these two countries but across the world. Disruptions in supply chains have pushed up prices of almost everything to record highs, driving several businesses into losses. However, there are some who have benefitted from the current situation. Their revenues are boosted due to the soaring prices, leading to high profits. One such company is multinational commodity trader and miner Glencore (LON:GLEN). Gains from the business’ trading division are set to touch the top-end of its yearly outlook. Know more about the stock and it's earnings performance in this video by Kalkine Media.

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