Trafigura and Glencore Report Record Metals Trading Profits

Trafigura Group and Glencore Plc reported exceptional financial gains for a second consecutive year, with several global metals trading houses achieving record profits. Trafigura earned approximately $2 billion in metals trading during the financial year ending in September.

Glencore also reported some of its highest-ever profits. However, the firm's total results were tempered by a $480 million provision resulting from its exposure to the iron ore trader Radiant World.