Dieketseng Maleke dieketseng.maleke@inl.co.za WHILE the Covid-19 pandemic re- mained challenging in Glencore’s ferrochrome, nickel, and oil operating environment in 2021, its operations largely performed in line with guidance expectations, chief executive Gary Nagle said yesterday.
The share rose by 2.55 percent to close at R82.82 on the JSE yesterday.
Of note, the diversified mining firm yesterday reported 43 percent higher ferrochrome production in its full-year 2021 production report.
However, the outputs of all other commodities were down, including overall coal being 3 percent lower, copper declined by 5 percent, zinc dropped 4 percent, lead decreased by 14 percent, nickel down 7 percent, gold showed a 12 percent decline, while silver was down 4 percent.
Oil output increased by 34 percent…