Glencore has lowered its zinc, nickel and coal production forecast as disruptions from the war in Ukraine, floods in Australia and industrial action have reduced its production.

The deteriorating outlook mirrors the rest of the mining industry, which is suffering from inclement weather, higher costs and supply chain challenges.

The Swiss-based commodities company, the largest publicly traded commodities trading house in the world and one of the most profitable mining groups, lowered its…

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