By Jaime Llinares Taboada

Glencore PLC on Wednesday reaffirmed guidance for 2022, and said its operations in 2021 performed in line with expectations.

The Anglo-Swiss commodity mining and trading company said guidance for this year remains unchanged from the investor update in December.

Glencore said its copper production fell 5% to 1.20 million metric tons last year, while production of cobalt rose 14%, zinc was down 4%, nickel declined 7% and ferrochrome increased 43%. Coal output dropped 3% to 103.3 million tons.

"Overall, our operations largely performed in line with guidance expectations," Chief Executive Gary Nagle said.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

February 02, 2022 02:25 ET (07:25 GMT)

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