Glencore's cobalt production fell 44% in the first quarter from a year earlier

Published: May 11, 2020 13:22

Save

SMM5, March 11: recently, Glencore released results for the first quarter of 2020, the company's cobalt mine production of 6.1 kilotons, the first quarter of 2019 was 10.9 kilotons, down 44 percent from the same period last year.

In addition, it has been reported that Mopani Copper (MCM), Glencore's subsidiary in Zambia, will resume operations for 90 days before entering overhaul mode. During these 90 days, Mopani will continue to consult with the Zambian government on related matters. At the same time, the construction of Katanga's chemical plant will be extended to the second half of 2020 without affecting the production plan for 2020.

SMM-- China Tungsten Industry Market and Application Summit Forum

Seminar on the Application of cemented Carbide Market in China

July 8 Zhuzhou, China invites you to discuss industry plans

Scan the code to sign up for this meeting

Battery cobalt lithium

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

"September peak season" tungsten prices await validation: peak season expectations have yet to materialize! Tungsten enterprises' long-term contract prices slightly lowered [SMM Commentary]

11 hours ago

12 hours ago

Ordos Group Lowers Blue Coal Prices by 270 Yuan/Ton, Effective September 10, 2026

【SMM Blue Coal Express】 Ordos Electric Power & Metallurgy Group Procurement Center announced that, based on current market conditions, the ex-factory tax-inclusive price of medium-sized blue coal in the Shenmu area will be adjusted from 1300 yuan/ton to 1030 yuan/ton, and that of small-sized blue coal will be adjusted from 1280 yuan/ton to 1010 yuan/ton, representing a reduction of 270 yuan/ton for both grades. The new prices will be implemented for all deliveries entering the plant starting from September 10,2026.

12 hours ago

Cost expectations weaken, magnesium ingot market prices fall rapidly [SMM Magnesium Ingot Spot Express]

[Weakening cost expectations drive magnesium ingot prices sharply lower] The magnesium ingot market ended its brief shot up today, with prices drifting lower. Pullbacks in coal and ferrosilicon cooled expectations for cost support, and under high inventory and capital pressure, smelters rushed to offer low-priced spot magnesium. Downstream demand was already weak, and combined with wild swings in the market, confidence is lacking and wait-and-see sentiment is strong. Magnesium producers' pricing strategies will dominate the futures market going forward, and the market is expected to remain under pressure in the short term.

12 hours ago