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Glencore stumbles in June quarter but copper price to the rescue

Average realised copper price at US$4.25/lb

Tom Hoskyns
Glencore stumbles in June quarter but copper price to the rescue

Copper production was up 0.7% year-on-year to 297,000 tonnes, a 5% miss versus consensus estimates. Cobalt productions was down 2.4% to 8,000t, a 16% miss, while nickel volumes fell 14.8% yoy to 23,000t,...

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