Glencore’s 2018 ferro-alloys earnings, production boosted by strong stainless steel market

Glencore has reported modest increases in ferro-alloys earnings and production for 2018, underpinned by a stellar stainless steel market.

Earnings before interest, tax, appreciation and amortization at the trader-miner’s ferro-alloys division rose 2% year on year to $670 million, the company said on Wednesday February 20. Ferro-chrome production reached 1.59 million tonnes, up 3% year on year. Glencore reported an average cobalt price of 90 cents per lb for 2018, down from $1.01 per...

Published

Janie Davies

February 20, 2019

16:12 GMT

London