Glencore' Katanga Mining subsidiary has cut its 2020 cobalt production guidance to 26,000 tonnes of cobalt contained in concentrates and hydroxides but has retained its copper guidance at 270,000 tonnes.
The company had previously said it would produce 29,000 tonnes of cobalt this year.
Katanga, which operates its 75%-owned subsidiary Kamoto Copper Company (KCC) in the Democratic Republic of Congo (DRC), has not seen any material disruptions to its operations during the first quarter as a result of the Covid-19 pandemic despite
some short-term lockdowns last month.
But the company said there can be no certainty that the virus and restrictive measures implemented by the DRC and other governments to slow its spread will not affect its operations in the coming weeks and months.
"The company will likely be materially and adversely impacted if its operations are disrupted for...