Glencore has increased its marketing profit guidance for 2026, now expecting earnings before interest and tax (EBIT) from marketing to exceed $5 billion, surpassing its previous forecast and nearing Citi's $5.4 billion estimate. This upgrade reflects strong performance in the first half of 2026 and favorable market conditions in crude oil, refined products, gas, and freight. The company also raised its long-term marketing EBIT guidance range to $2.8 billion to $4.2 billion, up from $2.3 billion to $3.5 billion, indicating a more optimistic outlook. Additionally, Glencore plans to start trading its secondary listing on the Australian Securities Exchange on October 14, 2026.
Glencore's updated marketing profit guidance for 2026 provides context for the Basic Materials sector's performance on Pluang. For readers following Basic Materials stocks, here is Pluang's market snapshot as of Oct 05, 2026 20:12 WIB: out of 38 priced US stocks, 22 rose and 12 fell. Among notable movers, Aspen Aerogels Inc (ASPN) increased by 2.46% to USD 5.83 with a typical hold time of 13 days, Endeavour Silver Corp (EXK) rose 1.63% to USD 8.74 with a 24-day hold, and Sibanye Stillwater Ltd (SBSW) gained 1.41% to USD 10.10 with a 50-day hold time.
Oppenheimer has maintained its Outperform rating on Enphase Energy but lowered the price target from $56 to $55. Enphase Energy, a company specializing in solar microinverters, home batteries, and energy management products, has seen its shares drop ...
UBS increased its price target for Ball Corp. from $65 to $66, citing steady demand for packaging products and growth in South America. The stock currently trades at $56.37, implying a potential 17.1% upside. Key factors supporting investor interest ...
Renforth Resources drilled three holes beneath its Victoria open pit in Québec, intersecting significant nickel-cobalt mineralization along with zinc, copper, and silver. One hole returned 118 meters grading 0.1% nickel and 62 ppm cobalt, confirming ...
Alvopetro Energy finished upgrading its gas processing plant in Brazil, causing a brief production halt but enabling volumes to rebound to previous levels. September sales averaged 2,627 barrels of oil equivalent per day, including natural gas and co...
ICE Markets and OKX are collaborating to develop a tokenized securities trading project on Uniswap v4, using permissioned liquidity pools on OKX’s X Layer to limit participation to eligible wallets holding a service-issued soulbound token. This setup...
