“Our full-year production guidance remains unchanged from earlier guidance,” boss Gary Nagle said in a release. Glencore said on Friday that it expects profits at its trading division this year of up to $4 billion , exceeding its long-term annual guidance.
It expects full-year trading earnings before interest and taxes to be between $3.5 billion and $4 billion . Its long-term yearly guidance stood at between $2.2 billion and $3.2 billion. Production of battery material cobalt rose 5 per cent to 21,700 tons in the first half, on improved output from its Katanga mine in the Democratic Republic of Congo .
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: