Glencore (GB:GLEN) has released an update.
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Glencore’s third-quarter production report reveals notable sequential improvements in key commodities, including a 13% increase in African copper and a 27% rise in Australian energy coal. Despite a drop in cobalt and nickel production compared to last year, the company’s full-year production guidance remains unchanged, with marketing adjusted EBIT expected to reach the higher end of the $3.0-$3.5 billion range. Steelmaking coal production saw significant growth, boosted by the recent acquisition of Elk Valley Resources.
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