Glencore plc (LSE:GLEN) trimmed net debt to $10.2B with $14.0B liquidity and 2026 EBITDA guidance around $19.7B, will pay $0.085/share from reserves, flagged an immaterial provision over Radiant World exposure and paused new business while a big Rio Tinto tie-up looks unlikely now.

Previous Week Recap

• Glencore Net Debt Decline; 2026 EBITDA Guidance: Glencore (GLEN) cut headline net debt to $10.2B, down $1.0B, with $14.0B committed liquidity. 2026 guidance shows illustrative adjusted EBITDA ~ $19.7B based on current prices and H2 volume lift. London Stock Exchange
• Glencore To Pay $0.085 Per Share: Glencore (GLEN) to pay $0.085 per share (~$1bn) from capital reserves, payable in USD (currency options for Jersey/HK holders); South African register paid in ZAR. SA demat blackout 26–28 Aug 2026. London Stock Exchange
• Glencore Contingent Liability; Radiant World Exposure: Glencore (GLEN) booked a provision tied to exposure to iron‑ore trader Radiant World, called the exposure immaterial to its finances, and paused new business while assessing existing contracts. 2 sources
• Rio Tinto‑Glencore Merger Prospects Dented: Jefferies says a big Rio Tinto‑Glencore (GLEN) merger is unlikely now due to high premiums and expiring negotiation limits; deal prospects may return if markets weaken. Dow Jones Newswires