Due to maintenance issues, asset sales and COVID-related challenges mining company Glencore had reduced production for several metals in 2021, according to Mining Magazine. The company did not provide any insight into 2022 production. Glencore represented approximately 6% of global copper production, 4% of nickel and 10% of zinc production in 2020. Copper production was 1,195,700 mt, down from 1,258,200 mt in 2020. Likewise, zinc production was 1,117,800 mt, down from 1,170,400 mt in 2020, and nickel production was 102,300 mt, down from 110,200 mt in 2020, according to Mining Weekly. (2/3/2022)
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Today's Charts |
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AEGIS Insights |
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01/26/2022: AEGIS Factor Matrices: Most important variables affecting metals prices 01/10/2022: Section 232 Tariffs: Most relevant developments (AEGIS Reference) 11/30/2021: Will the Omicron COVID Variant Impact South African Metals Production or Exports? |
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Important Headlines & Economic Data |
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AISI Steel Capability Utilization Rate Investing.com Economic Calendar 2/2/2022: Ukraine tensions: US trying to draw Russia into war, Putin says 2/2/2022: US troops to deploy to Eastern Europe amid Ukraine crisis 2/2/2022: Glencore reports 43% higher ferrochrome production 2/1/2022: German natural gas storage facilities only 37 percent full 1/31/2022: POSCO projects 5% drop in 2022 crude steel output 1/28/2022: Teck Resources’ QB2 to cost up to $500m more than planned |
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Important Disclosure: Indicative prices are provided for information purposes only, and do not represent a commitment from AEGIS Hedging Solutions LLC ("Aegis") to assist any client to transact at those prices, or at any price, in the future. Aegis makes no guarantee to the accuracy or completeness of such information. Aegis and/or its trading principals do not offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program.
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