Glencore copper output falls in Q3 amid plans to shutter Mutanda; Cobalt rises on Katanga ramp up

Writer, Stock Market Wire
Friday, October 25, 2019 - 08:37

Glencore reported a rise in cobalt production amid a ramp up in operations at its Katanga mine, but copper production fell as the miner prepared to shutter its Mutanda mine in the Democratic Republic of Congo.

Cobalt production of 34,400 tonnes was down 21% in the third quarter from a year earlier, and copper production fell 4% to 1,015,800 tonnes from a year earlier.

The company said it expected to produce about 1.01m tonnes of copper for the full-year and about 43,000 tonnes of cobalt.

At 8:37am: (LON:GLEN) Glencore PLC share price was -1.05p at 231.3p


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