Glencore's Philippine copper smelter put into maintenance

Glencore’s Philippine copper smelter put into maintenance

Philippine Associated Smelting and Refining (PASAR) has put its plant on Leyte Island into care and maintenance to evaluate the operation amid what it termed as increasingly challenging market conditions.

“The asset will be maintained in a state of readiness whilst we continue to monitor market conditions and consider future options and opportunities,” the Glencore-managed company said.

The Leyte smelter-refinery produces copper anodes, as well as cathodes used in electricity cables, telecommunication wires, copper shapes and copper-alloy products, as well as by-product sulphuric acid and selenium powder.