Glen­core’s cobalt up, cop­per down

The Citizen (KZN) - - Business -

Glen­core said its 2019 cop­per out­put fell 6% and bat­tery min­eral cobalt rose 10% as it boosted pro­duc­tion at its Katanga mine in the Demo­cratic Repub­lic of Congo, off­set­ting the im­pact of the early clo­sure of an­other op­er­a­tion.

The news drove Glen­core’s shares higher as an­a­lysts took the view Glen­core was over­com­ing prob­lems in Africa.

An­a­lysts now pre­dict a rally.

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