Business
Full Year 2025 Production Report
Glencore reported its full-year 2025 production, with H2 copper production exceeding 500 kilotonnes, a significant increase from H1 due to higher grades and recoveries. Zinc production also rose by 8% in H2 compared to H1, driven by contributions from McArthur River, Kidd, and Kazzinc. The company expects FY 2025 Marketing Adjusted EBIT to be around the mid-point of its $2.3-3.5 billion guidance range. Copper production for the full year was 851.6 kilotonnes, down 11% from 2024, while steelmaking coal production was significantly boosted by the acquisition of Elk Valley Resources. The company also provided an update on DRC cobalt export quotas, which will impact future production. Disclaimer*
About this update from Glencore Plc
[{"type":"text","content":"\n\nNEWS RELEASE\nBaar, 29 January 2026\nFull Year 2025 Production Report\n \n \nGlencore Chief Executive Officer, Gary Nagle:\n\"Glencore, for the second consecutive year, achieved full year production volumes for our key commodities within guidance ranges, reflecting the ongoing benefits of our recently optimised and simplified operating structures. Notably, H2 2025 copper production of over 500kt was almost 50% above H1, primarily due to higher copper grades and recoveries at KCC, Mutanda, Antapaccay and Antamina. In zinc, H2 volumes were up 39kt (+8% vs H1), reflecting increased contributions from McArthur River, Kidd and Kazzinc, while in coal, energy and steelmaking volumes were higher by 1.4Mt and 1.1Mt respectively.\n\"At our Capital Markets Day in Q4 2025, we provided updated and expanded guidance on our copper asset portfolio, outlining our pathway, from an already significant copper producer, to become one of the world's largest producers over the next decade. In support thereof, I am pleased to report that our 2025 Resources and Reserves report (also released today) includes additions to our copper mineral resource base, with notable increases at NewRange, Antapaccay, Coroccohuayco, Lomas Bayas and El Pachón.\n\"We expect to report FY 2025 Marketing Adjusted EBIT around the mid-point of our recently upgraded (in July 2025) $2.3-3.5 billion p.a. long-term through the cycle guidance range.\"\nProduction from own sources - Total1\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nH2 2025\n\n\nH1 2025\n\n\nChange %\n\n\n2025\n\n\n2024\n\n\nChange %\n\n\n\n\nCopper\n\n\nkt\n\n\n507.7\n\n\n343.9\n\n\n48\n\n\n851.6\n\n\n951.6\n\n\n(11)\n\n\n\n\nCobalt\n\n\nkt\n\n\n17.2\n\n\n18.9\n\n\n(9)\n\n\n36.1\n\n\n38.2\n\n\n(5)\n\n\n\n\nZinc\n\n\nkt\n\n\n504.2\n\n\n465.2\n\n\n8\n\n\n969.4\n\n\n905.0\n\n\n7\n\n\n\n\nLead\n\n\nkt\n\n\n88.0\n\n\n90.9\n\n\n(3)\n\n\n178.9\n\n\n185.9\n\n\n(4)\n\n\n\n\nNickel\n\n\nkt\n\n\n35.3\n\n\n36.6\n\n\n(4)\n\n\n71.9\n\n\n82.3\n\n\n(13)\n\n\n\n\nGold\n\n\nkoz\n\n\n303\n\n\n301\n\n\n1\n\n\n604\n\n\n738\n\n\n(18)\n\n\n\n\nSilver\n\n\nkoz\n\n\n11,328\n\n\n9,097\n\n\n25\n\n\n20,425\n\n\n19,286\n\n\n6\n\n\n\n\nChrome Ore\n\n\nkt\n\n\n1,896\n\n\n1,717\n\n\n10\n\n\n3,613\n\n\n3,678\n\n\n(2)\n\n\n\n\nSteelmaking coal\n\n\nmt\n\n\n16.8\n\n\n15.7\n\n\n7\n\n\n32.5\n\n\n19.9\n\n\n63\n...