First Quantum cuts guidance on Zambia sequencing
The company now expects production of 380,000–440,000 tonnes copper this year, down from earlier estimates of 400,000–450,000 tonnes.
The global nickel market surplus rose to 20,500 tonnes in June from 19,500 tonnes in May, data from the Lisbon-based International Nickel Study Group (INSG) showed on Thursday.
During the first six months of the year, the global market was in a surplus of 30,800 tonnes compared with a deficit of 125,500 tonnes in the same period of 2021, INSG added.
(By Seher Dareen; Editing by Alexander Smith)
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