Glencore (GLNCY.US) reported an 86% surge in core profits for the first half of the year, driven by both trading activities and rising copper prices.

According to Zhitong Finance APP, Glencore Plc announced its first-half performance report on Wednesday, which showed a significant surge in profits due to skyrocketing core commodity prices and one of the best performances on record in its trading division. Global commodity traders have generally reaped excess returns influenced by the spike in energy prices caused by the war in Iran.