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Commodities Buzz: Glencore Copper production slides around 11% in 2025
30-Jan-2026 12:05
Mining major Glencore has stated that its own sourced copper production stood at 851,600 tonnes in 2025, down 100,000 tonnes or 11% compared to 2024, primarily due to lower head grades and recoveries associated with mine sequencing and resultant ore feedstock to the plants, contributing to the reductions at Collahuasi (68,100 tonnes), Antamina (14,600 tonnes) and Antapaccay (9,900 tonnes). Copper production from the Mount Isa complex (recorded as part of the Zinc department) reduced by 13,300 tonnes reflecting closure of the MICO mine in mid-2025. However, the company's H2 2025 own sourced copper production was 163,800 tonnes (48%) higher than H1 2025. The annual trends and outlook show a tepid output trajectory. The company has provided a production guidance of 810000-870000 tonnes for 2026.

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