London, June 12, 2026, 10:04 BST
- Glencore traded a bit up on its latest delayed London print. The FTSE 100 was also higher.
- The miner is starting up emissions-reduction work again at Canada’s Horne Smelter after Bill 11 passed in Quebec.
- Copper prices and mining sentiment continue to drive the stock’s short-term action.
Glencore plc shares ticked up in London, with traders taking in a better session for miners and some new regulatory headlines out of Canada. Hargreaves Lansdown’s delayed quote put Glencore at 576.20p for sellers and 576.40p for buyers, up 2.10p, or 0.37%. Last close was 574.20p. The market cap read about £67.52 billion. The FTSE 100 was up 1.31% on the same quote screen, so Glencore’s gain sat inside a wider move among big UK stocks.
London miners pushed higher in the last session. Reuters said the FTSE 100 closed up 0.5% at 10,303.9, with the industrial metal miners index climbing 1.8%. Rio Tinto and Glencore each added about 2%. The move came as investors kept an eye on risks from the Iran war and worries about AI spending by companies.
Commodity moves helped diversified miners. Trading Economics’ UK market page showed mining stocks as some of the better performers in Friday’s FTSE action. Its commodity table had copper up and coal slightly higher during the session. This is relevant for Glencore, which has exposure to copper, coal, and other industrial materials in both production and marketing.
Glencore Canada will restart air-emissions reduction work at its Horne Smelter in Rouyn-Noranda, Quebec, it said. The move came after Bill 11 passed, which Glencore said gives the smelter regulatory stability through 2033. “What remains is decisive federal action to solidify Canada’s commitment,” Marc Bédard, chief operating officer for Custom Metallurgical Assets at Glencore, said. Newswire
Glencore Canada will get more time to meet strict emissions rules, with Bill 11 extending the deadline for cutting ambient air arsenic at Horne to 15 nanograms per cubic meter through 2029/30—a two-year extension—and keeping those standards at least until 2033, Mining Weekly reported. The article said Glencore Canada put $300 million in planned environmental spending on hold earlier this year while it waited for details on the operating framework.
Glencore’s copper story is getting a boost from the Horne update, with the company calling the site Canada’s last copper smelter and saying it’s one of North America’s top recyclers of old electronics. The company said its Canadian copper business backed more than 2,330 jobs—direct, indirect and induced—in 2024, and brought in $1.221 billion in direct GDP, pointing to a 2026 KPMG socioeconomic study.
Glencore’s price moves continue to track three main themes for investors: London risk appetite, prices for industrial metals, and how regulators handle its processing assets. Reuters calls Glencore a Switzerland-based natural resources producer and marketer, with operations in copper, cobalt, zinc, nickel, coal, and ferroalloys. It also has a marketing arm in energy products, crude oil, refined goods, and natural gas.
