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Glencore Group has prepared approximately US$480 million in reserves for its risk exposure to iron ore trader Radiant World. Radiant World is in deep trouble, and outsiders are questioning its provision of forged documents to banks. This reserve essentially covers all of Glencore's unsettled net risk exposure to Radiant World.

Zhitongcaijing·08/29/2026 16:01:01
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Glencore Group has prepared approximately US$480 million in reserves for its risk exposure to iron ore trader Radiant World. Radiant World is in deep trouble, and outsiders are questioning its provision of forged documents to banks. This reserve essentially covers all of Glencore's unsettled net risk exposure to Radiant World.