In the third quarter, Glencore, the Anglo-Swiss commodity miner, experienced a decline in production across all metals, except for gold and coal. Notably, nickel and ferrochrome saw double-digit drops. However, the company stated that its output of key metals, including copper, coal, and zinc, remained in line with expectations. Let's take a closer look at the … [Read more...] about Glencore’s Third Quarter Production Report
Copper
Glencore Maintains Full-Year Guidance as Copper Production Slips
Glencore, the Anglo-Swiss commodity mining and trading company, has confirmed its full-year guidance despite a slight decline in copper production during the first half of the year. While there were decreases in zinc and nickel output, cobalt and gold production saw increases. Copper Production In the first half of the year, Glencore produced 488,000 metric tons of copper, … [Read more...] about Glencore Maintains Full-Year Guidance as Copper Production Slips
Rio Tinto Expects Strong Iron-Ore Shipments in 2023
Rio Tinto PLC, the world's second-largest mining company, announced that it anticipates its iron-ore shipments from Australian mining operations to exceed expectations for the full year. However, the company has revised its production estimates for several other commodities, including alumina and refined copper. Iron-ore shipments for 2023 are now projected to be in the upper … [Read more...] about Rio Tinto Expects Strong Iron-Ore Shipments in 2023
Copper Price Rallied in 2020 – Can the Momentum Continue in 2021?
Copper price declined for the third consecutive day as investors reacted to the relatively weak manufacturing PMI data from China. It is trading at $3.5156, which is slightly lower than the 2020 high of $3.6415. Copper 2020 performance China manufacturing PMI Copper prices rallied by about 77% from the March 2020 low of $1.9732 to a yearly high of $3.615. This … [Read more...] about Copper Price Rallied in 2020 – Can the Momentum Continue in 2021?
