London, Feb 16, 2026, 08:54 GMT — Regular session underway.
- Glencore shares slipped in early London trading, with investors looking ahead to the company’s full-year results on Wednesday.
- Copper prices dip as trading remains thin, with several Asian markets closed for Lunar New Year.
- Investors are keeping an eye out for clues on guidance, cash returns, and whether there’s any fresh word on asset sales now that the Rio talks have wrapped up.
Shares of Glencore fell Monday, with the stock off roughly 1.3% at 487.95 pence, as traders braced for the miner and commodities house’s upcoming full-year report. Copper prices softened, and risk sentiment stayed weak. (Investing)
Timing is key here. Following a period of deal rumors and some wild action in mining shares, Glencore finds itself pitching its standalone strategy again — laying out production, costs, and cash plans — to a market that has little patience for being caught off guard.
Markets are experiencing choppy trading. With much of Asia closed for Lunar New Year, volumes have dropped off, leaving investors reluctant to commit to bigger positions this week. (Reuters)
Glencore plans to unveil its 2025 full-year results on Wednesday, Feb. 18, setting the release for 7:00 a.m. UK time. (Glencore)
Early action in metals failed to provide much lift. Copper slipped 0.5% Monday, adding pressure to London-listed mining names frequently used as stand-ins for the global growth story. (Trading Economics)
With Rio Tinto exiting takeover talks earlier this month, investors have been eyeing Glencore’s next move. “The next step may be to sell off assets individually … to create a more concentrated copper and trading business,” said Iain Pyle, investment manager at Aberdeen. George Cheveley at Ninety One echoed the sentiment, noting Glencore “can continue to tidy up their portfolio and release value.” (Reuters)
Plenty packed into the sector calendar. Rio Tinto will release full-year numbers on Feb. 19, followed by Anglo American the day after, Feb. 20. Investors will be watching both for details on cash returns and any signals in their outlook comments. (Hl)
But things don’t always break Glencore’s way. Earnings and forward guidance are at the mercy of commodity price moves and the company’s own marketing arm. Investors pay close attention to EBITDA — that’s earnings before interest, tax, depreciation and amortisation — as a gauge of cash profitability, though it’s worth noting that number can fall short if trading takes a turn for the worse.
