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Glencore beats copper forecasts and metals boost trading

Posted on 01 November 2013

Glencore Xstrata beat market forecasts with copper output that rose more than a third in the quarter, boosted by improvements in its Congolese and Chilean mines, and metals helped its trading arm perform “in line” with its expectations.
Copper and coal production accounts for over two-thirds of profit from the industrial side of Glencore’s business, and output at both climbed in the quarter and the nine months to the end of September - offsetting expected weakness in nickel and zinc, where ageing or costly mines have closed…………………….Full Article: Source


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