Glencore Backs 2022 Production Guidance
February 02 2022 - 1:40AM
Dow Jones News
By Jaime Llinares Taboada
Glencore PLC on Wednesday reaffirmed guidance for 2022, and said
its operations in 2021 performed in line with expectations.
The Anglo-Swiss commodity mining and trading company said
guidance for this year remains unchanged from the investor update
in December.
Glencore said its copper production fell 5% to 1.20 million
metric tons last year, while production of cobalt rose 14%, zinc
was down 4%, nickel declined 7% and ferrochrome increased 43%. Coal
output dropped 3% to 103.3 million tons.
"Overall, our operations largely performed in line with guidance
expectations," Chief Executive Gary Nagle said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
February 02, 2022 02:25 ET (07:25 GMT)
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