- Miner and commodities trader Glencore reported a fall in annual earnings, citing protracted US-China trade talks and weaker commodity prices.

Adjusted earnings before interest tax, depreciation and amortisation for the year through December declined 26% to $11.6bn, as revenue fell to $215bn from $220bn on-year.

Glencore declared a dividend of 20 cents a share.

The company said performance was steadily improving at its flagship Katanga operation, which met its second-half production targets for both copper and cobalt.

Looking ahead, it said it was 'closely watching coronavirus developments and potential scenario impacts on global growth and markets'.

At 8:18am: [LON:GLEN] Glencore PLC share price was -1.27p at 235.38p.

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