Glencore says it has recorded a provision related to its exposure to Radiant World, an iron ore trader. The company states the exposure is not material to Glencore. Moneyweb reports that Glencore confirms it has stopped doing any new business with Radiant World. Bloomberg adds that while the provision is recognized, Glencore’s overall exposure does not materially affect the company. The disclosures indicate Glencore is addressing potential financial risks stemming from its prior dealings with the trader, while also limiting its future involvement by not entering new transactions. The sources do not provide additional figures, the size of the provision, or further details about the nature of the exposure beyond that it is linked to Radiant World’s iron ore trading activities. Overall, the reports present the provision as a risk-management accounting action, paired with a decision to discontinue new business with the firm.