GLENCORE AT A GLANCE: Copper output drops, zinc production up in H1; ferro-chrome guidance revised downward again

A summary of Glencore’s production results for the half year ended on June 30, 2019, as well as its adjusted full-year production guidance.

In brief

Glencore’s copper production totaled 663,000 tonnes in the first six months of 2019, marking a 5% decline against the same period of 2018. The company attributed the fall to the open-cut depletion at Alumbrera in Argentina and the sale of the Punitaqui mine in Chile in the second half of 2018, as well as the re-bricking of Kazzinc’s furnace, which altogether removed 22,100 tonnes of production. Lost copper production to the tune of 5,000 tonnes was also recorded at Mopani in Zambia, a result of the facility’s shutdown in June to undergo major refurbishment. ...


Anna Xu

July 31, 2019

10:27 GMT