Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
An update from Glencore ( (GB:GLEN) ) is now available.
In its 2024 Production Report, Glencore highlighted key achievements, including the acquisition of Elk Valley Resources (EVR) and maintaining shareholder support for its coal business. The company reported increased mineral reserves, particularly in copper at Antamina, bauxite at MRN, and steelmaking coal due to the EVR acquisition. Despite challenges, Glencore’s production volumes for 2024 were within guidance ranges, with notable improvements in H2 across several commodities, including copper, zinc, and steelmaking coal. The report indicates a strategic focus on optimizing production pathways and providing updated guidance for the 2025-28 period, reflecting its commitment to operational efficiency and market positioning.
More about Glencore
Glencore is a leading global diversified natural resource company, producing and marketing over 60 commodities. With a significant presence in more than 35 countries, Glencore serves industrial consumers in sectors such as automotive, steel, power generation, and battery manufacturing. The company is committed to decarbonization and sustainability, as evidenced by its participation in the Voluntary Principles on Security and Human Rights and the Extractive Industries Transparency Initiative.
YTD Price Performance: -2.24%
Average Trading Volume: 34,659,101
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £43.23B
For an in-depth examination of GLEN stock, go to TipRanks’ Stock Analysis page.
