Glencore Reports 19% Increase in Q1 Copper Production
Glencore has announced a 19% increase in its first-quarter copper production, reaching 199,600 tons, driven by improved ore grades in Africa and higher output at its Antamina mine in Peru. Despite a 39% decline in cobalt production due to export quota restrictions in the Democratic Republic of Congo, Glencore's marketing division is on track to exceed its annual earnings guidance. The company has maintained its 2026 production guidance despite operational challenges and the closure of two Australian mines.