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Mining giant Glencore reporting a fall in annual production across most of its commodities as copper, cobalt and ferrrochrome output fell sharply in 2020, owing to a maintenance at its Mutanda mine in the Democratic Republic of Congo.
The company left its annual production guidance unchanged.
Copper and Cobalt production fell 8%, 41% respectively, mainly reflecting Mutanda being on care and maintenance in 2020, the company said.
Lead, nickel, ferrochrome coal and oil production fell 7%, 9%, 28%, 24%, and 29% respectively, while zinc, gold and silver production were higher.
'Required Covid-19 related mandatory suspensions and international mobility restrictions significantly impacted 2020 production of ferrochrome in South Africa, oil in Chad and nickel at Koniambo,' the company said.
'Furthermore, various proactive market-related supply reductions were initiated in H2 2020, primarily with respect to coal production from Australia.