Mining giant Glencore's annual results hit hard by slump in coal prices
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Euronews.com
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Glencore reported a net loss of $1.6 billion for 2024, a significant drop from a $4.3 billion profit in 2023, primarily due to lower energy coal prices. Despite a 6% increase in revenue to $230.9 billion, adjusted EBITDA fell 16%. The company is considering moving its primary listing from London to New York for better valuation. CEO Gary Nagle highlighted operational strengths but acknowledged challenges due to volatile commodity prices. Teljes cikk (Euronews.com)