Glencore plc (GLEN) Stock Outlook December 2025: Copper Expansion, Job Cuts and 2026 Price Targets
Glencore shares closed at 379.85p in London, near their 52-week high of 391.35p and more than 80% above the April low. The company has announced plans to nearly double copper output by 2035, restarted the Alumbrera mine in Argentina, and cut about 1,000 jobs. Management narrowed 2025 copper guidance to 850,000–875,000 tonnes, expecting to hit the lower end. Glencore’s London listing shows negative earnings.