[Ferro-Alloys.com] 

Glencore cuts 2023 nickel guidance as strikes hit production

Glencore announced on Monday it has reduced its nickel production guidance for this year by 9% to approximately 102,000 metric tons due to maintenance and strikes.

The company reported a longer-than-expected recovery period following the extended Raglan strike action in 2022, maintenance outages at the Sudbury smelter, and a lower full-year projection for Koniambo.

Glencore’s own sourced nickel output was down 16% at 68,400 tons in the first three quarters of the year.

But the commodities giant reiterated its expectation that profits from its trading division would be $3.5-$4 billion, above its long-term guidance range.

• [Editor:邢亚敏]