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GLEN Glencore Plc

443.35
1.40 (0.32%)
22 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
  1.40 0.32% 443.35 443.85 444.00 446.20 442.05 443.35 17,065,697 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmetallic Mineral Pds, Nec 217.83B 4.28B 0.3522 12.61 53.71B

Glencore Reports Production Falls in Most Commodities for Year to Date, Cuts 2022 Guidance

28/10/2022 7:58am

Dow Jones News


Glencore (LSE:GLEN)
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By Ian Walker

 

Glencore PLC on Friday reported falls in year-to-date production for most commodities and lowered its full year guidance for them.

The FTSE 100-listed commodity mining and trading company said that copper production fell 14%, while production of zinc fell 18%, lead fell 21%, gold fell 15% and silver fell 25% for the first nine months of the year.

It reduced guidance on those commodities compared with that provided for at the second quarter.

The company blamed a number of issues for its performance, including extreme weather in Australia, industrial action at nickel assets in Canada and Norway and supply-chain issues in Kazakhstan due to Russia's war in Ukraine.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

October 28, 2022 02:43 ET (06:43 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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