Glencore shares fall 3.5% as output guidance misses consensus estimates


Shares in miner and trader Glencore, which owns and operates Kazakhstan’s combine Kazzinc, fell as much as 3.5% on Tuesday after 2023 production guidance across all the commodities it mines missed consensus estimates.

The company guided towards copper production of 1.04 million tonnes in 2023, down from 1.06 million this year...