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flag Glencore met 2025 production targets despite lower copper output, with shares rising on takeover speculation.

flag Glencore's 2025 production met guidance for key commodities despite an 11% drop in copper output to 851,600 tonnes, driven by lower ore grades and recoveries, though second-half performance improved. flag Steelmaking coal surged 63% to 32.5 million tonnes, while gold fell 18% and nickel declined 13%. flag The company expects marketing-adjusted EBIT near the midpoint of its $2.3 billion to $3.5 billion range and projects 2026 output for copper, steelmaking coal, energy coal, and zinc within specified ranges. flag Glencore shares rose 2.9% amid speculation of a potential all-share takeover by Rio Tinto, which could create the world’s largest mining company.

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