Profits Plunge at Glencore, Can It Turnaround?

The transcript discusses Glencore's hedging strategy in the coal market, its impact on profits, and the company's market position. It highlights Glencore's recovery from a bear market, investment strategies, and the significant rise in equity value. The discussion covers valuation metrics, future prospects, and the company's plans to reinstate dividends. It also addresses Glencore's efforts to reduce debt, regain market credibility, and stabilize operations, emphasizing the improvement in underlying commodities like nickel.

What impact did Glencore's hedging strategy have on its coal business?

How has Glencore's stock performance changed over the past nine to ten months?

What are the key metrics that the speaker relies on for Glencore's valuation?

What is the speaker's outlook on the future of Glencore and the commodities market?

What strategies has Glencore implemented to reduce its debt?