Glencore plc Stock (LON: GLEN) News Today, 16 December 2025: Peru Copper Deal, UBS Forecasts, Coal Outlook and Buyback Watch
Glencore bought Pan Pacific Copper’s stake in Peru’s undeveloped Quechua copper project for an undisclosed sum, expanding its regional presence. The move comes as copper prices approach $12,000/ton on tight supply and AI-driven demand, while Glencore and other miners have cut 2026 production guidance. Shares closed at 380.80p in London on 15 December, up 5.30p.