However,
Glencore sees its copper production:
Keystone-SDA
The Glencore raw material giant publishes its production report for the first half. Meanwhile, marked by a sharp drop in copper volumes. Similarly, The steel coal has clearly progressed following the takeover of the Canadian Elk Valley Resources (EVR). – Glencore sees its copper production
(Keystone-ATS) From January to June, copper production dropped by 26% over a year to 343.9 kilotons. It should accelerate in all the mines in the second half, at a rate, however, slower than initially anticipated. For the whole year, glencore sees its copper production total production is expected between 850 and 890 kilotons, compared to 850 to 910 kilotons planned previously. In 2024, the volumes had reached 951.6 kilotons.
The production of nickel also melted from 17% to 36.6 kilotons, just like gold, from 18% to 301,000 ounces.
Conversely, Cobalt and Zinc have increased significantly, 19% to 18.9 kilotons respectively and from 12% to 417.2 kilotons.
The production of thermal coal has climbed somewhat 2% to 48.3 million tonnes. The steel coal has more than quadrupled at 15.7 million tonnes, due to the acquisition of the Canadian mining operator Elk Valley Resources (EVR) in July 2024 alone producing 12.7 million tonnes during the period under review.
With the exception of copper and nickel, Glencore has overall renewed its production objectives for the year.
Management has also announced to provide for operating profit (EBIT) from trading at 1.35 billion francs in the first half, compared to 1.5 billion at the glencore sees its copper production corresponding period of 2024. The long -term objective of EBIT of trading, in place since 2017, was noted in a range of 2.3 to 3.5 billion dollars per year, compared to $ 2.2 to 3.2 billion.
glencore sees its copper production — Glencore sees its copper production: Keystone-SDA The Glencore raw material giant publishes its production report for the first half. marked by a sha.
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