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GLEN Glencore Plc

433.60
1.30 (0.30%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Glencore Plc LSE:GLEN London Ordinary Share JE00B4T3BW64 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.30 0.30% 433.60 433.65 433.80 437.80 432.60 434.65 10,688,445 16:35:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmetallic Mineral Pds, Nec 217.83B 4.28B 0.3522 12.32 52.54B

Glencore Backs Full-Year View for Copper, Zinc Despite Output Fall

30/10/2023 8:04am

Dow Jones News


Glencore (LSE:GLEN)
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From Jul 2023 to Jul 2024

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   By Christian Moess Laursen 
 

Glencore backed its full-year copper, zinc and coal production guidance even as output declined in both metals in the first nine months of the year, while lowering full-year targets for nickel and ferrochrome after steep drops in production.

The Anglo-Swiss commodity mining and trading company said Monday that it produced 735,800 metric tons of copper in the year to the end of September, a 5% fall from 770,500 tons in same period a year prior, due to the sale of its Cobar mine in Australia in June and lower copper by-product production outside the copper department.

Zinc volumes fell 4% to 672,100 tons, while nickel and ferrochrome production dropped sharply by 16% and 21% to 68,400 tons and 873,000 tons, respectively.

Coal production rose 2% to 83.9 million tons from 81.9 million tons a year prior.

The FTSE 100-listed company backed its full-year target for copper and zinc, while lowering its forecast for nickel to 102,000 tons from 112,000 tons and guidance for ferrochrome to 1,200 tons from 1,310 tons.

 

Write to Christian Moess Laursen at christian.moess@wsj.com

 

(END) Dow Jones Newswires

October 30, 2023 03:49 ET (07:49 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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