Glencore Stock (LON: GLEN): Copper Pivot, Job Cuts and 2025–2035 Outlook After Capital Markets Day
Glencore announced plans to cut 1,000 jobs, expand copper projects in Canada, Chile, and Argentina, and tighten production guidance. Shares closed at 377.60p in London on 4 December, down 1.4% after a surge the previous day. Management targets over 1 million tonnes of copper output by 2028. The stock remains near its 52-week high, supported by coal cash flows.