Glencore Plc acquired warrants last year that would have given it a minority stake in Radiant World, an iron ore trader currently under scrutiny for allegedly providing falsified documents to banks.

Glencore Plc announced that its trading division generated approximately $3.3 billion in profit during the first half of the year, positioning the company for one of its best trading years ever.

Glencore Plc will launch a secondary listing in Australia as soon as October as the mining giant seeks to tap new investment in the nation’s fast-growing A$4.4 trillion ($3.1 trillion) pension system.

Congo's recent shift in cobalt quotas is making Glencore plc's battery recycling footprint more strategically important.

Vitol Group and Cargill Inc. have ceased trading with Radiant World, a major iron ore trader, while Glencore Plc is also halting new business, all due to concerns over fake invoices.