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Asset writedowns push Glencore into $1.6 bn loss for 2024
Asset writedowns push Glencore into $1.6 bn loss for 2024

Swiss mining and commodity trading giant Glencore said Wednesday that falling coal prices and writedowns to the value of its assets pushed it into a net loss for 2024. The $1.6 billion net loss for fiscal year 2024 compared to a net profit of nearly $4.3 billion the previous year, the company said in a statement.