Tightening supply should bode well for commodity prices – Glencore

August 24, 2016

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The operations of diversified mining and marketing company Glencore, now with a significantly reduced debt profile, are producing commodities at exceptionally low prices, with zinc coming in an amazing -3c/lb in the six months to June 30. In addition to the cost achievement with zinc, the London-, Hong Kong- and Johannesburg-listed company, headed by CEO Ivan Glasenberg, also reported significant first-half operational unit cost reductions in copper, which was produced at an average unit cost of 97c/lb, nickel at 246c/lb, thermal coal at $37/t and zinc at 15c/lb excluding gold by-product credits.

Category: General