Glencore cuts 2023 nickel production guidance
The London-listed miner said profits at its trading division would be above the top end of its $2.2-$3.2 billion a year long-term guidance range,"with a likely outcome within the previously communicated $3.5-4.0 billion range".
Glencore's own sourced copper production of 735,800 metric tons year to date was down 5%, while its own sourced nickel output was down 16% at 68,400 tons."Nickel has been reduced to reflect...maintenance outages at the Sudbury smelter and a longer than expected recovery from 2022 strike action, together with a lower full-year revision for Koniambo," Glencore said in a statement.
{username} Just Now Share Follow this postUnfollow this post Save Saved. See Saved Items . This comment has already been saved in your Saved Items Author's response{commentContent} Reply 00 Report {username} Just NowAuthor's response Share Follow this postUnfollow this post Save Saved. See Saved Items .