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Glencore's 2012 profit hit by lower commodities prices

5 years ago4 views

Glencore's net income fell by a quarter last year due to lower prices for commodities, but it made more money from trading so did not suffer as much as some rivals.

That modest drop was important as Glencore is just a month away from its takeover of miner Xstrata - which will make it the world's fourth-largest diversified mining company.