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 to learn 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

18 hours ago

Silicon Metal Market Review for January and Outlook for February

In January, the silicon metal market experienced a relatively loose supply-demand balance, with a theoretical inventory buildup of approximately 30,000 mt. In February, both supply and demand contracted simultaneously, and the market is expected to show a tight balance or minor destocking. The current high industry inventory still requires time to be digested, and the sustainability of destocking remains a key variable affecting price trends and market sentiment.

18 hours ago

21 hours ago

A plant in northern China is calling for bids for indium ingots and bismuth ingots

SMM, February 6 - According to SMM’s investigation of market information, a large smelter in northern China began public bidding for a certain quantity of indium ingots and bismuth ingots starting yesterday. Market sources indicate that the starting price for these indium ingots exceeds 4,000 yuan per kilogram, while the starting price for bismuth ingots is above 150,000 yuan per ton. The bidding results are expected to be announced before the Spring Festival. Market participants note that, given the clear trend of sluggish trading activity ahead of the Spring Festival, the timing of this bidding is not ideal. However, the relatively favorable starting prices have generated considerable market anticipation for the outcome of the bidding.

21 hours ago

Feb 5, 2026 19:18

[SMM Analysis] Futures Lack Momentum to Rise Further, Pre-Holiday Demand Stalls, and Stainless Steel Social Inventory Accumulation Intensifies

Feb 5, 2026 19:18