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Home / Metal News / Glencore Downgrades Zinc Output Estimation for 2017

Glencore Downgrades Zinc Output Estimation for 2017

Oct 31, 2017 09:56

Source:SMM

Glencore lowered its forecast for zinc, copper and coal due mainly to operational difficulties, maintenance and output slide during the end stage of mine exploration, it said in its Q3 earnings report

SHANGHAI, Oct. 31 (SMM) - Glencore lowered its forecast for zinc, copper and coal due mainly to operational difficulties, maintenance and output slide during the end stage of mine exploration, it said in its Q3 earnings report.

But it said its profit will not be hurt this year.

It adjusted its output forecast from 1.13 million tonnes (+/-25,000 tonnes) expected in August to 1.10 million tonnes (+/-15,000 tonnes)

Glencore

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