Glencore attributed a year-on-year increase in its first-quarter copper output to the strong performance of its African assets although production fell from the previous quarter due to the impact of smelter maintenance and mines nearing the end of their productive lives.
Glencore produced 345,400 tonnes of copper in the first quarter of this year, up 6.57% from a year ago but down 4.9% from the fourth quarter of 2017, the company said on Thursday May 3.Copper production at its African assets - Katanga, Mutanda and Mopani - was 92,900 tonnes in the first quarter, an increase of 63% from...