PROFIT & LOSS

Glencore hits guidance with lower volumes

Diversified miner Glencore (LN:GLEN) may have roughly stuck to its most-recent production guidance for 2017, but the bulk of the company's output was down on a year-on-year basis.

Smelter maintenance and lower production at Glencore's Mount Isa mine (pictured) impacted copper and zinc output for 2017

Smelter maintenance and lower production at Glencore's Mount Isa mine (pictured) impacted copper and zinc output for 2017

Copper output for the 12 months ended December 31 was 1.31 million tonnes, dropping 8% year-on-year after the sale of Ernest Henry at the end of 2016, end of life output declines at Alumbrera in Argentina,...

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