Glencore’s Earnings Take a Hit Amid a Decline in Commodity Prices

UK-based miner Glencore PLC’s (GB:GLEN) first-half earnings for 2023 were hit hard as soaring commodity prices declined and normalized from record levels from the last year. The company’s profits experienced a 50% reduction, yet the shareholders’ returns and dividends painted a pretty picture

Following the release of the results, the shares went down by 2.66% yesterday. After a prosperous three-year trading period, the stock began this year with a decline. YTD, the shares have encountered a 15% loss in trading.