Glencore Reports Declines in Base Metals and Cobalt Output for 2024

Post Views: 388 Glencore Glencore, a global mining group, experienced slight year-on-year reductions in its copper, zinc, and cobalt output during 2024. Nickel production saw a more substantial decrease, while ferro-chrome production remained relatively stable. Specifically, Glencore’s copper production fell by 6% to 951,600 tonnes, aligning with the lower end of its annual production guidance. This decline stemmed from planned lower production at the Antapaccay mine in Peru and the Collahuasi mine in Chile. Unplanned mill downtime and reduced grades at the KCC operations in the Democrat...