Glencore Lowers Annual Output Targets for 2017

SHANGHAI, Jul. 27 (SMM) – In the first half of 2017, copper output at Glencore fell 9% YoY to 642,900 tonnes. Nickel output dropped 10% YoY to 51,200 tonnes at the same period, due largely to unit maintenance at Murrin and INO mines which offset output expansion at Koniambo mine.

Glencore Zinc Output Jumps 13% in H1, But Annual Output Estimation Downgraded

In other news, the company has lowered annual output targets for 2017, with that of copper down 25,000 tonnes or 2% to 1.31-1.36 million tonnes because of output at Alumbrera mine.

Annual output target of lead is reduced by 15,000 tonnes to 275,000-295,000 tonnes, due to output target change at Australian mine.

The company in face of repeatedly unit maintenance in 1H 2017 also decreased annual output target of nickel to 75,000-155,000 tonnes, down by 5,000 tonnes or 4%.

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