Mining News

Glencore reports major ferrochrome production recovery

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Diversified mining and marketing company Glencore expects its full-year 2021 adjusted earnings before interest and tax to exceed the top end of its forecast $2.2-billion to $3.2 billion a year long-term guidance range. A production highlight included 65%-higher attributable ferrochrome production of 1 071 000 t – 420 000 t more than the comparable 2020 period, when operations were suspended for much of South Africa’s second-quarter Covid lockdown.

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