Base Metals

Glencore has released it’s Q1 production report for 2018, detailing production in line with expectations and unchanged guidance.

Glencore (LSE:GLEN) has released it’s Q1 production report for 2018, detailing production in line with expectations and unchanged guidance.

As highlighted in the press release:

  • Own sourced copper production of 345,400 tonnes was 21,300 tonnes higher than Q1 2017, reflecting the commissioning of phase 1 of Katanga’s whole ore leach project in December 2017, partly offset by the impact of maintenance at the Mount Isa smelter and Alumbrera’s expected decline as it moves towards end of mine life.

  • Own sourced zinc production of 242,700 tonnes was 36,500 tonnes (13 percent) below Q1 2017, mainly reflecting the disposal of Rosh Pinah and Perkoa in August 2017. Adjusting for such, production was in line.

  • Own sourced nickel production of 30,100 tonnes was 5,100 tonnes (21 percent) higher than the comparable period, reflecting the continuing stabilisation and ramp-up of Koniambo’s processing plant, where both production lines are now operational, and stronger performances at Murrin and INO.

Click here to view the full Glencore (LSE:GLEN) press release.

 

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