July 31, 2018 / 6:43 AM / a year ago

Glencore lowers full year coal, lead guidance

LONDON, July 31 (Reuters) - Glencore on Tuesday lowered full-year guidance for its lead and coal output, while first-half copper production rose 8 percent from a year earlier and cobalt increased 31 percent as operations ramped up in Democratic Republic of Congo.

Guidance for full-year lead output was lowered by 5 percent and coal by 1 percent. Glencore plans to give further details when it releases first-half results next week.

Credit Suisse analysts in a note said most operations were broadly in line with forecasts and reiterated their outperform rating. (Reporting by Barbara Lewis; editing by Jason Neely)

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