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Miner and trader Glencore reported on Wednesday that its earnings plummeted in 2023 due to lower commodity prices. Adjusted earnings before interest, taxes, depreciation and amortization declined 50% from the year prior to $17.1 billion, the company’s preliminary 2023 figures showed. Glencore attributed the decline to significantly lower prices for coal and liquefied natural gas (LNG), and to a lesser extent oil. Prices for these commodities had spiked in 2022, in the wake of Russia’s invasion of Ukraine. Net income, pre-significant items, was $6.7 billion, down 65%. Fiscal year revenue was $2…

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