Glencore cuts output guidance, says can ride out coronavirus

LONDON (Reuters) - Glencore cut its 2020 capital expenditure and output targets on Thursday to reflect the impact of the coronavirus on its operations, saying the belt-tightening left it well placed to weather the pandemic.The miner and trader, reporting first-quarter production data, said spending for the year would fall by $1 billion-$1.5 billion from an original expectation of $5.5 billion.Restrictions imposed by governments to curtail the epidemic have forced Glencore to shutter some..