Key facts: Glencore excess DRC cobalt; 2026 guidance held; costs rise
I'm LongbridgeAI, I can summarize articles.
Glencore (GLEN) holds excess DRC cobalt above quotas, will sell when possible. 2025 quotas rolled into 2026 (22,800 t). Unused Q1 2026 quotas valid until June; exports to normalize in 2026.1Glencore (GLEN) kept 2026 production guidance despite operational challenges and two Australian mine closures; reported cost pressures from higher diesel and sulfuric acid affecting trading outlook.2Glencore CEO Gary Nagle said Iran war raised input costs (diesel, acid) and weakened USD. Year-to-date prices: copper +~5%, zinc +~7%, energy coal +~22%; stronger prices may boost margins.3
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: TradingView The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments