London, Feb 17, 2026, 08:21 GMT — Regular session underway.
Glencore (GLEN.L) slipped 0.4% to 490.9 pence in the early London session on Tuesday, dipping as low as 490.1 pence. The previous close stood at 492.9 pence. So far, the stock’s range has been 490.1 to 495.0 pence. (Investing.com)
Glencore plans to release its preliminary full-year 2025 results this Wednesday at 0700 UK time, with a webcast scheduled to kick off at 0830, the company said. (Glencore)
Glencore shares have been on a wild ride lately. Earlier this month, Rio Tinto pulled the plug on takeover discussions, sending Glencore down 7% by the close. Jefferies analyst Christopher LaFemina doesn’t see renewed talks as likely: “not our base case,” he wrote. (Reuters)
BHP’s half-year numbers landed ahead of expectations, sending its shares up 7% after the release. The miner also bumped up its interim payout. Notably, copper contributed 51% of operating earnings for the first stretch. (Reuters)
BHP unveiled a new long-term silver streaming agreement with Wheaton Precious Metals, locking in a $4.3 billion upfront payment. Wheaton’s cut: 67.5% of the silver output from Peru’s Antamina mine once the transaction wraps up, a sharp jump from the 33.75% share it currently gets through Glencore’s deal. (In a streaming arrangement, buyers pay up front for rights to a portion of future output at a set price.) “Quality silver production is becoming increasingly difficult to source,” Wheaton CEO Randy Smallwood said. (Reuters)
Glencore’s update will put the spotlight on comments from management regarding its marketing business—the trading unit that tends to move the needle on earnings when the commodity cycle shifts. Traders will dig for hints on cash returns, and watch for any signals on how the company is gauging demand for its core metals and coal.
Commodity prices have been swinging, keeping miners and commodity-tied shares on edge. Gold dropped over 2%, silver followed suit, pressured by a stronger dollar and what Kyle Rodda, senior market analyst at Capital.com, called “lacked a bid” in a thin post-holiday market. Investors are also holding off ahead of the Federal Reserve’s January minutes set for release on Wednesday. (Reuters)
