[Overseas Nickel Enterprise Quarterly Report] Glencore: Nickel production in the first quarter of 2022 is 30,700 tons

On April 28, 2022, Glencore released its first quarter report, which showed that nickel production in the first quarter was 30,700 tons, an increase of 22% year-on-year and a decrease of 2% month-on-month. Two production lines were operated in the year.

Integrated Nickel Operations (INO):

Nickel production was 15,900 tonnes, up 11% year-on-year, mainly due to different delivery times between own and third-party nickel and the Nikkelverk refinery.

Murrin Murrin:

Nickel production was 7,700 tons, an increase of 3% year-on-year.

Koniambo:

Nickel production was 7,100 tonnes, up 109% year-on-year, mainly due to Koniambo's simultaneous operation of two production lines in 2022.

The full-year nickel production guidance in 2022 will be changed from 115 ± 0.5 million tons to 11.8 ± 0.5 million tons.

The specific output is shown in the figure below: