Glencore cuts Katanga 2020 cobalt guidance; copper unchanged

摘要

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.