嘉能可Glencore（GLEN）2025年第一季度财报「LSE」（英文版）（17页）.pdf

1、 Glencore First Quarter Production Report 2025 1 NEWS RELEASE Baar,30 April 2025 First Quarter Production Report 2025 Glencore Chief Executive Officer,Gary Nagle:“Our full year 2025 production guidance remains unchanged from that presented at the beginning of the year,except for a c.5%reduction to e

2、nergy coals range to reflect our recent proactive decision to reduce Cerrejn volumes,in support of rebalancing this market.“While copper had a slow start to the year,Q1 is expected to be the lowest quarter,and a significantly stronger performance is anticipated over the remainder of 2025.Copper prod

3、uction is expected to weight approximately 42%/58%over H1 and H2 2025 respectively,with all other guided commodities being in the 45%-51%range over H1.2024 also experienced a stronger H2 performance,where ultimately full year production guidance was met.At Collahuasi,completion of the planned reorie

4、ntation of the pit,along with additional trucks and improved water availability,is expected to underpin its delivery of full year guidance.In Peru,a planned initially higher strip ratio at Antapaccay is forecast to reduce progressively through the year,boosting H2 volumes,while the transition at KCC

5、 of plant feed,from predominately ore stocks to run-of-mine feed,is expected to lift throughput rates and production over the balance of 2025.“In coal,both steelmaking and energy coal volumes are tracking well.EVR posted a strong quarter of 6.6Mt,while our energy coal production volumes were modestl

6、y lower year-over-year,accounting for the closures of Glendell and Integra in the base period.First quarter zinc volumes were up 4%,aided by stronger contributions from Antamina and our Australian assets.“While still early in the year,basis Marketings performance over the first quarter,and accountin