Glencore 4Q Copper Production Fell 9%; Expects Further Decline in 2020
04 Fevereiro 2020 - 4:47AM
Dow Jones News
By Adria Calatayud
Glencore PLC (GLEN.LN) said Tuesday that copper production fell
9% in the fourth quarter of 2019 and that it expects a further
decline this year.
The Anglo-Swiss commodity trading and mining company said it
produced 355,400 metric tons of tons of copper in the three months
ended Dec. 31 compared with 390,600 tons in the year-earlier
period.
Cobalt production during the fourth quarter was down 13% at
46,300 tons, Glencore said.
The mining company also said zinc output fell to 268,300 tons in
the quarter from 282,100 tons in the same period of 2018, while
total coal production rose to 35.5 million tons from 32.7 million
tons a year earlier.
Glencore said it expects copper production in 2020 of around 1.3
million tons, give or take 50,000 tons. Cobalt production in 2019
is expected to be around 29,000 tons.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
February 04, 2020 02:32 ET (07:32 GMT)
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