Glencore (GB:GLEN) has released an update.
Glencore PLC has maintained its full-year 2024 production guidance and expects increased output in the second half of the year, particularly in African Copper, Antapaccay, Kazzinc, and Murrin Murrin, following the acquisition of EVR. The company has updated its steelmaking coal production guidance to 19-21 million tonnes, including 12 million tonnes from EVR in H2. Additionally, Glencore is consulting with shareholders about a potential demerger of its coal and carbon steel materials business, with a decision to be announced alongside interim results next week.
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