Glencore’s marketing earnings to exceed top end of guidance range

Glencore expects its marketing earnings to exceed the top end of its guidance range.

1. Copper, coal and zinc assets performed in line with expectations.
2. First-half output was described as being solid.
3. Glencore is due to report overall first-half results on August 8.
4. Only cobalt and gold production were up in the six months to the end of June.
5. Copper production was 4% down on the corresponding six months of 2022.
6. Zinc production was 10% lower.
7. Nickel production was 20% lower.
8. Ferrochrome production was 9% down.
9. Coal production was 2% lower.