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2023-02-01 17:08:49

Global mining group Glencore reports 12% copper production decline in 2022

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Kitco NEWS
By Vladimir Basov

Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.

(Kitco News) - Glencore announced today that its own sourced copper production in 2022 of 1,058,100 tonnes was 12% lower than 2021, due to the basis change arising from the sale of Ernest Henry in January 2022, the ongoing geotechnical constraints at Katanga, Collahuasi planned mining sequence changes and a lower contribution from Mount Isa.

The company's own sourced cobalt production in 2022 of 43,800 tonnes was 40% higher than 2021 following Mutanda's restart in Q4 2021.

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