Glencore cuts FY ferro-chrome production guidance by a further 10%

Glencore has cut its ferro-chrome production guidance for 2019 by 10% to 1.48 million tonnes as part of its extended winter shutdown, the company said on Wednesday July 31.

The trader-miner had already reduced its output guidance by 50,000 tonnes to 1.64 million tonnes in April due to “additional maintenance and extended winter shutdowns, amid reduced power availability/challenges in South Africa.”

Glencore’s...

Published

Janie Davies

July 31, 2019

09:50 GMT

London