This is apparently mainly reflected reduced integrated metal production in Australia due to severe flooding in Queensland.
Multinational commodity trading and mining company Glencore said on Tuesday own sourced copper production fell by 7% to 320,700 tonnes in the first quarter of 2019, compared with the same period last year.
Own-sourced cobalt production was 56% higher at 10,900 tonnes year-on-year, including 3,500 tonnes from Katanga in the Democratic Republic of Congo , which Glencore said was managing through a period of generally excess uranium content in its cobalt material, thereby constraining exports. Own-sourced zinc production of 262,300 tonnes was 19,600 tonnes higher than the first quarter of 2018, mainly reflecting the restart of the Lady Loretta mine in Australia, partly offset by lower own sourced production at Kazzinc, reflecting the impact of a safety-related investigation at one mine.
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