Glencore cut its 2022 cobalt production guidance by 6% to 45,000 mt, plus/minus 3,000 mt from earlier guidance of 48,000 mt, plus/minus 3,000 mt. In 2021, Glencore produced 31,300 mt of cobalt. The reason for the decrease appears to be “temporary geotechnical constraints” in the open pit at the Katanga copper/cobalt mine in the DRC during…
