London, Feb 23, 2026, 08:36 GMT — Regular session
- Glencore ticking up roughly 0.4% at the open in London, last seen at 508.8p.
- Copper edged higher while the dollar lost ground, with fresh questions swirling over U.S. tariffs.
- Next up: Glencore’s Q1 production numbers land April 30. Investors also looking ahead to cash distribution instalments set for June and September.
Shares in Glencore plc (GLEN.L) nudged up 0.4% to 508.8 pence as of 0810 GMT on Monday, the company’s share-price feed showed. 1
Markets in Europe are back open, and investors are still wrestling with the fallout from a turbulent weekend of tariff confusion—a mess that dragged the dollar down and sent Wall Street futures tumbling during the Asian session. 2
Dollar moves ripple fast through the commodities space, so Glencore’s fortunes stay tied to the currency’s shifts. Last week, the miner rolled out a $2 billion payout to shareholders as part of its 2025 results. 3
Copper prices stayed steady in Asian trading, with the benchmark LME contract inching up 0.2% to $12,978.50 a tonne as of 0309 GMT, after briefly climbing to its highest level in over a week. “Base metals are quietly benefiting … but that is mostly due to the dollar’s slide,” said Tim Waterer, chief market analyst at KCM Trade, speaking to Reuters. The Shanghai Futures Exchange, meanwhile, will reopen Feb. 24 following the Lunar New Year break. 4
Glencore’s full-year results showed adjusted EBITDA down 6% to $13.51 billion for 2025, even as revenue climbed 7% to $247.5 billion. CEO Gary Nagle pointed to “clear momentum for our copper-led growth strategy,” with the miner eyeing roughly 1.6 million tonnes of copper production by 2035. The company’s 17-cent-per-share cash distribution is slated for two equal payments, set for June and September. 5
Glencore ended Friday at 507 pence, ticking up 0.4% for the session, according to Yahoo Finance data. 6
Shares surged 4.4% on Feb. 18 after the company announced its results and dividend plan. Copper-focused rivals Antofagasta and Anglo American moved higher too, with the FTSE 100 notching a record close, according to Reuters. 7
Coal’s still calling the shots. Glencore flagged last week that “energy and steelmaking coal continued to face a more subdued environment,” blaming ample supply and geopolitical jitters for dampening the mood. 8
Tariff news tends to slice in both directions—a softer dollar throws a lifeline to commodities, but unpredictable policy shifts threaten growth prospects and could sap metal demand. On Saturday, Trump announced plans for a 15% temporary tariff on all U.S. imports, a move that injects fresh volatility into the week ahead. 9
Glencore will post its first-quarter production update April 30, with the annual general meeting slated for May 28. 10
