• Political unrest and weather impacted production volumes
  • Coal prices will rise through 2023 and remain cheap

Glencore (GLEN) exceeded production guidance for the final quarter of 2022 and reiterated guidance for 2023 despite some headwinds at its mines. Given industry-wide issues, that’s probably a decent result. Around the world, copper producers have been grappling with weather disruptions, industrial unrest and an ongoing…

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