Glencore's Copper Output in 2022 Down 12% to 1.06 Million mt

According to Glencore's official website, the company's mineral production in 2022 was generally aligned with the revised output guidance after October 2022. In the final quarter of 2022, most of major commodity output climbed over the quarter, including copper, zinc, nickel and coal. Nevertheless, the overall production throughout the year showed mixed trends. 　　

Glencore's copper production totalled 1.06 million mt in 2022, down 12% from the 1.20 million mt in 2021. Glencore said it will maintain the output guidance for copper in 2023. 　　

In addition, Glencore's zinc production in 2022 was 938,500 mt, down 16% from 1.12 million mt in 2021, the lead output was 191,600 mt, down 14%, and the nickel output was up 5% to 107,500 mt.