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Glencore maintains steady Q1 production

Production in the first quarter of the year across several of triple-listed Glencore’s operations worldwide was marred by adverse weather conditions, including Cyclone Debbie in Australia, flooding in Peru and higher-than-average rainfall in the Democratic Republic of Congo (DRC) and Hunter Valley, in Australia. However, the global diversified natural resource company reported steady output for the first three months of the year, with weather-related impacts somewhat offset by planned ramp-ups, drawdowns from stockpiles, improved grades and operating efficiencies, besides others.