I'm not 100% certain but think it depends:
If 'product' produced is identical with 'product' sold the difference is an increase/(decrease) in closing inventory.
Otherwise I would say there are losses and residue not recoverable in the final stage of refining/smelting 'produced product' into 'final saleable product'. I don't think its something to worry about as they are probably being as productive as can be - they have been at it a long time.
Ann: Appdx 4D and H1 FY20 Financial Statements, page-3
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