Glencore reports 11% drop in 2025 copper output
ReutersJan 29, 2026 7:18 AM
LONDON, Jan 29 (Reuters) - Glencore GLEN.L on Thursday reported an 11% decline in copper production for 2025, though higher copper grades and improved recoveries at several mines boosted output in the second half.
The company said 2025 copper production was 851,600 metric tons, the lower end of its earlier forecast of 850,000-to-875,000 metric tons.
The market awaits a possible takeover offer from rival Rio Tinto RIO.AX, RIO.L for the smaller miner, expected by February 5.
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