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Glencore profit dives 69% as prices for metals, oil slide

"The commodity sector was particularly adversely affected by a succession of disappointing China macroeconomic data, declining oil prices and the strong US dollar," said Mr Glasenberg.


GLENCORE plc, the commodity trader and miner headed by billionaire Ivan Glasenberg, has reported a 69 per cent slump in profit as prices for metals and oil tumbled.

Adjusted net income slid to US$1.34 billion from US$4.29 billion a year earlier, the Baar, Switzerland- based...

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