Commodities Buzz: Glencore Copper output rises 3% on year in first three quarters of 2026

Mining major Glencore stated today that its own sourced copper production of 598,600 tonnes in first three quarters of 2026 was 15,100 tonnes (3%) above the comparable 2025 period, driven by increased mining rates and improved grades at African Copper (56,700 tonnes) and higher grades at Antamina (32,300 tonnes), more than offsetting the planned closure of the Mount Isa copper mine in Q3 2025 and disposal of the Kidd mine on 1 June 2026 (together, 49,700 tonnes) and lower production at Antapaccay (16,700 tonnes) and Collahuasi (7,200 tonnes). Adjusting for Mount Isa and Kidd, own sourced production was 12% higher.

Glencore’s own sourced zinc production of 547,200 tonnes was 162,200 tonnes (23%) lower than the comparable 2025 period, primarily reflecting Lady Loretta having reached the end of its mine life in late 2025 (73,700 tonnes), lower zinc grades at Antamina (69,400 tonnes) in line with planned higher copper/lower zinc mine sequencing, and disposal of the Kidd mine on 1 June 2026 (6,500 tonnes). Its nickel production of 54,600 tonnes was 4% above the comparable 2025 period. Steelmaking coal production of 21.5 million tonnes was 3.2 million tonnes (13%) below the comparable 2025 period.

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