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Glencore ( (GB:GLEN) ) has shared an update.
Glencore reported a strong third-quarter production performance, particularly in copper and coal, maintaining its full-year 2025 production guidance for key commodities. Copper production increased by 36% quarter-on-quarter, with significant contributions from KCC, Mutanda, Antamina, and Antapaccay. Zinc production rose by 10% year-to-date, while steelmaking and energy coal volumes are expected to meet the upper ends of guidance ranges. The company also highlighted a strategic focus on prioritizing copper production in the DRC over cobalt due to export quotas, with plans to store excess cobalt production in-country. The completion of the Pasar copper smelter sale and the cessation of operations at the Mount Isa copper mine were also noted.
The most recent analyst rating on (GB:GLEN) stock is a Hold with a £4.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Spark’s Take on GB:GLEN Stock
According to Spark, TipRanks’ AI Analyst, GB:GLEN is a Neutral.
Glencore’s stock score is driven by a positive earnings call outlook and strong technical indicators, despite mixed financial performance and valuation concerns. The company’s focus on cost savings and shareholder returns supports a moderately positive view, but profitability and cash flow challenges remain significant risks.
To see Spark’s full report on GB:GLEN stock, click here.
More about Glencore
Glencore is one of the world’s largest global diversified natural resource companies, producing and marketing over 60 commodities. The company operates in more than 30 countries with a workforce of over 150,000 employees and contractors. Glencore’s customers include industrial consumers in sectors such as automotive, steel, power generation, battery manufacturing, and oil. The company also provides financing, logistics, and other services to commodity producers and consumers.
Average Trading Volume: 45,409,822
Technical Sentiment Signal: Buy
Current Market Cap: £40.75B
Learn more about GLEN stock on TipRanks’ Stock Analysis page.