Company Encyclopedia
View More
name
Glencore plc
GLEN.UK
Global commodities trading giant
News
View More

Key facts: Glencore cuts production target; plans new smelter; reduces jobs

Glencore has reduced its production target for the upcoming year, raising concerns regarding potential global supply shortages in the copper market.1Glencore will develop a new copper smelter in Antofagasta with Codelco, processing 1.5 million metric tonnes annually. Construction starts in 2030, with operations expected by 2032-2033.2Glencore has announced a reduction of 1,000 jobs as part of a cost-cutting initiative aimed at streamlining operations and improving efficiency.3

TradingView·
UK
GLEN
0.00%
TradingView·
UK
GLEN
0.00%

Glencore (LSE:GLEN): Assessing Valuation After a 30% Three-Month Share Price Rebound

Glencore's share price has rebounded by over 30% in three months, raising investor interest. Analysts suggest it is undervalued, with a fair value of £4.06 against a current price of £3.83. The company expects increased copper production and new projects in Argentina, supporting long-term growth. Risks include weaker coal and copper pricing and regulatory uncertainty. The price-to-sales ratio indicates potential upside, but caution is advised. Investors are encouraged to explore other undervalued stocks and investment opportunities.

Simplywall·
UK
GLEN
0.00%
Simplywall·
UK
GLEN
0.00%

Glencore Unit Wins Contract for New Copper Smelting Plant in Chile

Glencore Unit Wins Contract for New Copper Smelting Plant in Chile

marketscreener·
UK
GLEN
0.00%
marketscreener·
UK
GLEN
0.00%

12:54 ET Vale Base Metals und Glencore Canada vereinbaren, die Erschließung von Sudbury-Kupferlagerstätten zu prüfen

Vale Base Metals and Glencore Canada have signed an agreement to evaluate a potential copper development project in the Sudbury Basin. The project aims to produce 880 kt of copper over 21 years, with capital costs estimated at $1.6 to $2.0 billion. The partnership will explore synergies using Glencore's existing infrastructure. A final investment decision is expected in 2027, with detailed planning in 2026. The joint venture will also extract other minerals like nickel and cobalt, benefiting both companies and the Sudbury community.

prnewswire·
US
VALE
-3.02%
UK
GLEN
0.00%
prnewswire·
US
VALE
-3.02%
UK
GLEN
0.00%

Glencore to restart production at Alumbrera copper mine in Argentina

Glencore plans to restart operations at the Alumbrera copper mine in Argentina by the end of next year, with production expected to begin by the first half of 2028. The decision is driven by a favorable tax regime under President Javier Milei and positive market conditions for copper and gold.

Reuters·
UK
GLEN
0.00%
Reuters·
UK
GLEN
0.00%
© 2025 Longbridge｜Disclaimer