Glencore 9-month Own-sourced Copper Production Down; Narrows FY Copper Production Outlook
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Glencore Plc reported a 17% decline in own-sourced copper production for the nine months ended 2025, totaling 583,500 tonnes, primarily due to lower head grades and recoveries. In contrast, cobalt production increased by 8% to 28,500 tonnes. The company has revised its 2025 copper production outlook to 850,000 to 875,000 tonnes, down from 850,000 to 890,000 tonnes, while expecting full-year Marketing Adjusted EBIT to be around $2.3 billion to $3.5 billion.
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