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International Business Times
International Business Times
Business

Glencore Looks To Leave London Stock Exchange As Falls Into Loss

Glencore London Gary Nagle Coal Mining the London Stock Exchange
The net loss in 2024 is a far cry from the record proft of $34.1 billion it posted in 2022 thanks to surging energy prices following Russia's invasion of Ukraine (Credit: AFP)

Swiss mining and commodity trading giant Glencore said Wednesday it was considering shifting its stock listing from London after it stumbled into a net loss last year on falling coal prices and writing down the value of assets.

"We are actively considering the right exchange for our shares," Glencore chief executive Gary Nagle said in a call with analysts.

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