Glencore 2022 Production Volumes in Line With Guidance
01 Février 2023 - 9:13AM
Dow Jones News
By Anthony O. Goriainoff
Glencore PLC said Wednesday that its 2022 production volumes
were in line with the guidance issued in October.
The FTSE 100-listed commodity mining and trading company said
that copper and zinc volumes reflected the base effect of asset
sales as well as geotechnical constraints and supply-chain
headwinds in Kazakhstan.
Glencore said its copper production fell 12% to 1.1 million
metric tons last year compared with guidance of 1.1 million metric
tons, plus or minus 20,000 tons.
Copper guidance for 2023 stands at 1.0 million metric tons, plus
or minus 30,000 tons.
Cobalt production rose 40%, with zinc down 16% to 938,500 metric
tons. Zinc production for the year was expected to be around
945,000 metric tons plus or minus 25,000 tons, the Anglo-Swiss
company said
Nickel production was up 5% to 107,500 tons compared with
guidance of 110,000 tons, plus or minus 4,000 tons, while
ferrochrome increased 1%.
Coal output rose 6% to 110 million tons. Coal production was
forecast to be around 110 million tons, plus or minus 4 million
tons.
The company said that for 2023 it expects copper production to
be around 1.0 million tons, with cobalt around 38,000 tons, zinc
around 950,000 tons and nickel of around 112,000 tons.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
February 01, 2023 02:58 ET (07:58 GMT)
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