Glencore (LSE:GLEN) reported a robust production performance in the third quarter of 2025, driven by notable strength in its copper and coal operations, while reaffirming its full-year production guidance across key commodities.
Copper output surged 36% quarter-on-quarter, with substantial contributions from KCC, Mutanda, Antamina, and Antapaccay. Zinc production climbed 10% year-to-date, and both steelmaking and energy coal volumes are on track to reach the upper end of guidance.
The company emphasized its strategic decision to prioritize copper over cobalt production in the Democratic Republic of Congo (DRC) in response to export restrictions, with plans to store surplus cobalt domestically until regulatory conditions improve. Other portfolio developments included the completion of the Pasar copper smelter sale and the closure of operations at the Mount Isa copper mine in Australia.
CEO Gary Nagle highlighted that Glencore’s operational discipline and commodity diversification continue to support resilience amid volatile markets, noting that copper remains central to the company’s long-term strategy tied to global electrification and the energy transition.
More about Glencore
Glencore is one of the world’s largest diversified natural resource companies, engaged in the production, refinement, and marketing of over 60 commodities. Operating across more than 30 countries with a workforce exceeding 150,000 employees and contractors, Glencore serves industrial clients in sectors including automotive, steel, energy, and battery manufacturing. The company also provides logistics, financing, and supply chain solutions to commodity producers and consumers worldwide.
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