Glencore's Stable Guidance Signals Strong Fourth Quarter -- Market Talk

Dow Jones10-30

0843 GMT - Glencore reported a better set of production results for the third quarter with major operations booking sequential increase, notably in copper, coal and zinc, Citi analysts write in a note. Production for the quarter generally came in ahead of a company-compiled consensus estimate with the exception of nickel, they say. The Anglo-Swiss commodity trading giant reiterated its full-year guidance, which implies a steady rate of improvement likely coming through in the fourth quarter too, they add. Shares are up 2.4% at 4.14 pounds. (christian.moess@wsj.com)

 

(END) Dow Jones Newswires

October 30, 2024 04:44 ET (08:44 GMT)

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