Glencore has set aside a $480 million provision to cover potential losses from its entire stake in Radiant World, according to industry sources. The move reflects growing concerns over the company’s financial health and exposure in the sector. Analysts suggest the provision may signal deeper challenges within Radiant World’s operations or market position. The development comes as commodity traders increasingly assess risks tied to their investments in renewable energy ventures.
Glencore books US$480 million provision covering entire Radiant World exposure: sources The Business Times
