Glencore plc (LSE:GLEN) reported mixed H1 2026 results—copper up, cobalt and zinc down, nickel steady—reaffirming guidance while adjusting coal mix and completing the Kidd sale; strong marketing and Barclays' EBITDA estimates lifted shares amid halted ties with Radiant World and stalled Rio talks.
Previous Week Recap
- Glencore H1 2026 Copper Rise; Guidance Reaffirmed: Glencore (GLEN) H1 2026: copper production rose notably to 397 kt; cobalt and zinc fell, nickel steady; company reaffirmed 2026 guidance, adjusted coal mix and completed Kidd mine disposal.
- Glencore Q2 Production Meets; Marketing Beats: Glencore (GLEN) Q2 production met expectations; Marketing unit beat forecasts. Barclays estimates H1 EBITDA ~$10B and marketing adjusted EBIT ~$3.3B. Shares rose ~4.4% to 528.8p.
- Glencore Halts New Business With Radiant World: Glencore plc (GLEN) halted new business with Radiant World and is closely monitoring the situation after allegations of falsified invoicing documents prompted other traders to cut ties.
- Glencore Offers WTI Midland Cargo Aug 10–14: Glencore (GLEN) offered a WTI Midland cargo for Aug 10–14, CIF Rotterdam, priced at dated Brent plus $5.05/bl — delivery window, grade and price for traders.
- Glencore Shares Up After Rio Talks End: Glencore plc (GLEN) shares are up about 5% since February after merger talks with Rio Tinto ended. As of July 29, 2026, a valuation gap versus Rio made merger revival unlikely.
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.