Recently, Glencore released its financial and production reports for the first half of the year ending June 30, and Glencore achieved strong business results in the first half of 2021. In the first half of 2021, Glencore achieved operating income of $93.8 billion, up 32 per cent from last year, and profit before interest, tax, depreciation and amortisation of $8.65 billion, up 79 per cent from the same period last year. Copper production in the first half of the year was 598000 tons, up 2% over the same period last year. Among them, the output in the second quarter was 296800 tons, down slightly from 301200 tons in the first quarter, but still higher than the same period last year.
From a regional point of view:
African Copper
Self-owned copper production was 138100 tons, the same as in the first half of 2020. Since March 31, 2021, Mopani has sold to ZCCM, and noted that its reported production is also similar to that of the same period.
Self-owned cobalt production is 13000 tons, 500 tons higher than in the first half of 2020, including 1100 tons of materials from Mutanda sources.
Collahuasi
Attributable copper production was 145900 tons, 3800 tons (3 per cent) higher than in the first half of 2020, reflecting higher grinding powder production.
Antamina
As part of Peru's control of Covid-19 restrictions, April / May 2020 was affected by the suspension of operations. The attributable copper production in the first half of 2021 was 73200 tons, so it was 22200 tons higher than in the first half of 2020, an increase of 44 percent over the same period last year. Zinc production was 80200 tons, 53300 tons higher. A year-on-year increase of 50%.
Other South American regions
Copper production was 116200 tonnes, unchanged from the first half of 2020, reflecting an increase in the throughput of Antapaccay, but the increase in copper production in this region was temporarily offset by a reduction in production due to the treatment of Lomas Bayas ore impurities.
Australian area
Self-owned copper production was 81700 tons, down 5400 tons from the first half of 2020, mainly reflecting the temporary reduction in grade caused by the ranking of Cobar mines.
