[Ferro-Alloys.com]
Glencore cuts 2023 nickel guidance as strikes hit production
Glencore announced on Monday it has reduced its nickel production guidance for this year by 9% to approximately 102,000 metric tons due to maintenance and strikes.
The company reported a longer-than-expected recovery period following the extended Raglan strike action in 2022, maintenance outages at the Sudbury smelter, and a lower full-year projection for Koniambo.
Glencore’s own sourced nickel output was down 16% at 68,400 tons in the first three quarters of the year.
But the commodities giant reiterated its expectation that profits from its trading division would be $3.5-$4 billion, above its long-term guidance range.
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- [Editor:邢亚敏]
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