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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.
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La disminución de la producción de cobre, cobalto, zinc y níquel en el Q3 2021 de Glencore se compensó con un aumento del 113% en la producción de carbón de fabricación de acero debido a una adquisición canadiense.