Glencore's Q3 2021 production declines in copper, cobalt, zinc, and nickel were offset by a 113% surge in steelmaking coal output due to a Canadian acquisition.

Glencore reported mixed results for the first three quarters of 2021, with declines in copper, cobalt, zinc, and nickel production, while steelmaking coal output surged by 113% due to a Canadian acquisition. The company maintains its full-year production guidance and expects adjusted EBIT between $3 billion and $3.5 billion. Despite a $233 million interim net loss, Glencore's trading division is projected to reach high-end profit expectations, supported by strong coal performance.

October 30, 2024
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