Trade poses biggest risk to Glencore, the company says

London — Miner and trader Glencore said trade barriers were its “foremost risk”, but climate, political, legal and other risks had become more prominent.

Glencore, which operates in Democratic Republic of Congo and is the world's biggest shipper of carbon-intensive seaborne coal, is viewed by analysts as having a high risk appetite. On market volatility, it also said significant falls, especially in copper, coal or zinc prices, would have “a severe drag on our financial performance”.

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