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Glencore Follows Oil Majors Reaping Bumper Trading Profits

  • Company plans to cut coal production after prices tumble
  • Glencore says debt rises after putting money into trading
Olympian Expands Glencore Empire With Emerging Food Colossus
Photographer: Simon Dawson/Bloomberg
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Glencore Plc said trading profit will be at the top end of its target this year as the commodities giant joins big oil companies enjoying a bonanza from volatile price swings.