Glencore's interim profit slips 14% on weaker coal prices, lower copper output
I'm PortAI, I can summarize articles.
Glencore reported a 14% decline in first-half adjusted core profit, impacted by lower coal prices and copper output. The company's EBITDA fell to $5.43 billion from $6.34 billion last year. Despite considering a shift from its London listing, Glencore will retain it, stating no added value in moving to the U.S. The firm aims for $1 billion in cost savings by 2026 and anticipates challenges in meeting future commodity demand. Total shareholder returns for 2025 are projected at $3.2 billion.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments