Glencore is considering moving its primary listing from London, it said on Wednesday, after it posted lower earnings, recorded $2.3 billion in impairment losses and said it would return $2.2 billion to shareholders.

Swiss mining and commodity trading giant Glencore said Wednesday it was considering shifting its stock listing from London after it stumbled into a net loss last year on falling coal prices and writing down the value of assets.

The commodities giant reported a fall in 2024 earnings, but will return around $2.2 billion to shareholders, adding that the optimal location for its primary listing remains under review.