Glencore, once the king of commodities, is dead. The company reported its 2024 revenue of $230,944-million, up 6% from 2023, but its adjusted EBITDA fell 16% to $14,358-million. Worse its adjusted EBIT was down 33% to a NEGATIVE $14,358-million. The net loss to equity investors for 2024 was a NEGATIVE $6,938-million, down 138%. The company…
