Glencore stock trades at EUR 6.10 as copper guidance holds
Published on 11/03/2026 at 13:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCopper output and guidance outlook
- Glencore's third-quarter copper production rose 2% from the second quarter.
- Own sourced copper production increased 3% year on year in the first nine months.
- Management expects higher grades and recoveries at Collahuasi to support fourth-quarter output.
Glencore reported stronger own sourced copper production in the third quarter, while keeping its 2026 production guidance unchanged. In its official production report published on Thursday, October 29, the mining and commodities group said quarterly copper output reached 201,600 tonnes, up 2% from 197,400 tonnes in the second quarter.
For the first nine months of 2026, own sourced copper production totaled 598,600 tonnes, 3% above the comparable period of 2025. After adjusting for the Mount Isa closure and the Kidd disposal, Glencore said production was 12% higher year on year. Higher mining rates and improved grades at African Copper and Antamina offset lower volumes at several other operations.
Guidance remains unchanged
Glencore retained its full-year copper production range of 810,000 to 870,000 tonnes, but expects the outcome toward the lower end. The company said the original range was not adjusted after the Kidd mine sale, which reduced the copper contribution that would otherwise have been expected during the remainder of the year.
Management expects copper production to pick up in the fourth quarter, primarily because of higher grades and recoveries at Collahuasi. Glencore also expects zinc and energy coal toward the upper ends of their ranges, while steelmaking coal is expected toward the lower end and nickel around the middle. The company reiterated that 2026 Marketing Adjusted EBIT should exceed 5 billion US dollars.
Stock trades during the session
Glencore stock traded at 6.10 euros on Lang & Schwarz at 13:11 CET on Tuesday, November 3, 2026. Investors can follow the real-time quote of Glencore stock.
Glencore stock at a glance
- Company: Glencore plc
- ISIN: JE00B4T3BW64
- Price: 6.10 euros on Lang & Schwarz, Tuesday, November 3, 2026, at 13:11 CET
- Copper production: 598,600 tonnes in the first nine months of 2026
- 2026 copper guidance: 810,000 to 870,000 tonnes, expected toward the lower end
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