掀开奶罩边躁狠狠躁苏玥视频,无码专区3d动漫精品,去阳台跪着把屁股抬起来,精品国产丝袜黑色高跟鞋


Glencore Is Cashing In on Coal to Dodge Big Mining’s Slowdown

  • Wednesday, August 3, 2022
  • Source:ferro-alloys.com

  • Keywords:market, mining industry,mine,ferrochrome
[Fellow]The world’s biggest miners have spent the past two weeks reporting lower profits, shrinking dividends and a worsening outlook as the year rolls on. Next up: Glencore Plc looks set to buck the trend.

【Ferro-alloys.com】:The world’s biggest miners have spent the past two weeks reporting lower profits, shrinking dividends and a worsening outlook as the year rolls on. Next up: Glencore Plc looks set to buck the trend.

While commodities like iron ore and copper have retreated as gloom settles over the global economy, Glencore is enjoying two key advantages over its mining rivals — a powerful trading business that thrives in volatile markets, and a suite of coal mines now churning out previously unimaginable earnings thanks to the global energy crunch.

As a result, analysts are forecasting record profits and returns when Glencore reports on Thursday, with first-half earnings seen more than doubling from a year ago.

It’s a sharp reversal from previous years. The company had lagged its biggest rivals, largely because it doesn’t mine any iron ore, a commodity that helped supercharge earnings for mega miners BHP Group and Rio Tinto Group. But China’s Covid controls have sapped demand for the steelmaking ingredient as investor worries about a global recession weigh on commodity prices more broadly.

Rio Tinto last week reported a sharp decline in first-half profit and cut its dividend in half, while Anglo American Plc announced lower earnings and shareholder returns. Other miners from Vale SA to Lundin Mining Corp. also disappointed.Sponsored ContentWhy People, Not Compliance, Will Set the Course for the Future of ESG and Responsible BusinessBusiness Reporter

For now, the companies are still making good money, if not at last year’s record levels. It was Anglo’s second-best first half on record, while Rio paid its second-biggest interim dividend. But the increasingly uncertain outlook and weakening prices have cast a shadow over the underlying numbers, particularly as relentlessly rising costs across the industry add to profit-margin pressures.

  • [Editor:Alakay]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 嘉定区| 大荔县| 莱西市| 辉县市| 莲花县| 牡丹江市| 阿拉善左旗| 平谷区| 九江市| 南汇区| 中牟县| 满城县| 金湖县| 全南县| 郑州市| 繁峙县| 六安市| 福安市| 会昌县| 鹿泉市| 伊通| 崇义县| 获嘉县| 安平县| 延吉市| 桂林市| 防城港市| 北流市| 上林县| 嫩江县| 苏尼特右旗| 麦盖提县| 宜君县| 韩城市| 铜梁县| 惠来县| 微山县| 门源| 仲巴县| 绥阳县| 诸城市|