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GLEN

Glencore

Mining

Index
FTSE 100
ISIN
Not specified
Book status
2026 edition — current
01

Company summary

Glencore is a global diversified natural-resources group combining mining and commodity marketing. It is a major producer and trader of copper, cobalt, zinc, nickel, coal and other commodities used across industry and energy markets.

02

Key activities

Mining and processing of metals and energy commodities, commodity trading and marketing, logistics, recycling and investment in large mining operations around the world.

03

Key markets

Global commodity markets, with mining operations across Australia, Africa, South America, Canada and Kazakhstan and major trading hubs serving industrial customers worldwide.

04

Key drivers

Copper and other commodity prices, production volumes, Chinese and global industrial demand, marketing margins, mine costs, capital discipline, debt levels and demand for metals linked to electrification and energy infrastructure.

05

Key risks

Commodity-price volatility, operational disruption, political and regulatory risk in mining jurisdictions, environmental liabilities, capital-intensive projects, legal and compliance exposure and weaker global demand.

06

Recent Developments

5 August 2026: first-half adjusted EBITDA rose sharply to $10.1bn, helped by stronger commodity markets and marketing. Glencore announced an additional $1bn cash distribution and a $500m buyback, while also progressing a secondary Australian listing.

07

Dividend notes

The 2026 ordinary distribution is 17 US cents per share, split into two 8.5-cent payments. The first went ex-dividend on 7 May and was paid on 3 June; the second goes ex-dividend on 27 August and is payable on 18 September. Additional distributions may also be made when cash permits.

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