Glencore copper output in Q4 2017 up 20% q-o-q; 2017 down 8%

Glencore’s copper output in the fourth-quarter 2017 was up nearly 20% from the previous quarter due to a strong performance from its African assets and Collahuasi site in Chile, though full year production was 8% lower than last year following sales and maintenance.

In the December quarter of 2017, Glencore produced 363,200 tonnes of copper, up 19.63% from the previous quarter, the company said on Thursday February 1.
The company produced 1.31 million tonnes of copper in 2017 in total, down 8% or 116,100 tonnes from a year ago.

Glencore attributed the year on year decrease to the sale of Ernest Henry in the fourth quarter of 2016, Alumbrera nearing the end of production life and various temporary effects, including lower throughput at Mutanda due to constrained supply of sulfuric acid and...

Published

Kiki Kang

February 06, 2018

10:20 GMT

Shanghai