Glencore Shares Surge Amid Strong Mining Performance

Glencore reported strong production numbers for its mining assets in the first half of 2026, with copper, zinc, and nickel prices remaining relatively stable. The company's share price rose by 4.38% to R117.61 on the JSE, a significant increase from last year's price of R74.69.

Celebrating its performance in a production report, CEO Gary Nagle stated that 'We are pleased to report a strong production performance for the first six months, where our key assets largely performed in line with expectations.'

Production volumes were higher in zinc, nickel, gold, steelmaking coal, and energy coal compared to the previous quarter. However, cobalt production was 46% lower due to the DRC government's cobalt export quota regime.

The company maintained its full-year 2026 production guidance for copper, zinc, and nickel unchanged, with some adjustments made to the mid-points of energy and steelmaking coal guidance. The marketing segment is expected to report strong half-year adjusted earnings before interest and tax of £3.3 billion.