Glencore's Copper Growth Plans Too Long-Dated -- Market Talk
Dow Jones12-12
1003 GMT - Glencore isn't best placed to benefit from near-term copper prices, UBS analysts write. Shares in the commodity group are up 25% over the past three months and are likely to get a modest earnings boost from higher copper prices in 2026, the analysts write. However, copper growth plans are too far away to benefit from bullish prices over the near term, they write. Copper mining stocks, rather than diversified miners, are preferable, the analysts write. Glencore shares trade down 0.2% at 382.25 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
December 12, 2025 05:03 ET (10:03 GMT)
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