Glencore posted a 5% year-on-year copper equivalent production increase for H1 2025, driven by its new Elk Valley Resources steelmaking coal volumes. Own-sourced copper output fell 26% to 343,900 t on lower grades (increasing copper unit cash costs 32%), but cobalt rose 19% and zinc rose 12%, consistent with updated guidance that shifts higher-grade copper production into H2. FY Marketing Adjusted EBIT long-term guidance was raised to a range between $2.3 bn and $3.5 bn from $2.2 bn to $3.2 bn.
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