Markets

Glencore H1 Own Sourced Copper Production Up 2%

(RTTNews) - Commodity trading and mining company Glencore plc (GLCNF.PK, GLNCY.PK, GLEN.L) said Friday its own sourced copper production for the half year rose 2 percent to 598,000 tonnes, while cobalt production grew 3 percent to 14,800 tonnes.

Meanwhile, coal production was 16 percent lower at 48.7 million tonnes, impacted by various factors, including Prodeco's care and maintenance and market-driven Australian supply reductions

For the first half, own sourced zinc production was up 6 percent to 581,800 tonnes, reflecting recovery from Covid-related suspensions in Q2 2020, particularly in Peru. Own sourced nickel production slid 14 percent to 47,700 tonnes, due to planned major maintenance at Murrin and various operational issues at Koniambo.

The Group's own sourced gold and silver production were up 3 percent and 13 percent, respectively.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

    RTTNews

    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More