Glencore Plans to Shut Canada’s Largest Copper Metal Operation Over Costs

Glencore Plans to Shut Canada’s Largest Copper Metal Operation Over Costs
The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, on July 18, 2017. Reuters/Arnd Wiegmann
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LONDONGlencore is planning to close its Horne smelter, Canada’s largest copper metal-producing operation, due to environmental issues and the millions of dollars needed to upgrade the facility, two sources with knowledge of the matter said.

The London-listed miner does not disclose copper metal production figures for its Canadian operation, but industry sources estimate annual output at more than 300,000 metric tons.