LONDON, July 21 (Reuters) - Glencore (GLEN.L) on Friday said it expects profits at its trading division this year of up to $4 billion, exceeding its long-term annual guidance.
It expects full-year trading earnings before interest and taxes (EBIT) to be between $3.5 and $4 billion.
The group left its overall 2023 guidance for copper unchanged at 1.04 million metric tons, even as production fell by 10% to 488,000 tons in the first half.
"Our full-year production guidance remains unchanged from earlier guidance," boss Gary Nagle said in a release.
"Second-half volume weightings in copper, zinc and nickel reflect higher expected production volumes from Collahuasi, Kazzinc, Mount Isa and INO."
Persons:
Gary Nagle, Mount Isa, INO, Clara Denina, Jason Neely, Jan Harvey
Organizations:
Democratic, Thomson
Locations:
Katanga, Democratic Republic of Congo, DRC