Glencore plc Stock (GLEN.L) News and Forecast: Copper Near $12,000, Cobalt Quotas, UBS Downgrade, and Key 2026 Dates to Watch
Glencore shares closed near 375.5p on Friday after volatile trading, as copper prices approached $12,000 per ton and the company trimmed near-term copper guidance. Congo’s cobalt exports have resumed, while UBS downgraded the stock on valuation. Broker targets remain in the low- to mid-400p range. Glencore projects copper output could reach 1 million tonnes by 2028.