Feb. 18 at 6:28 PM
Swiss mining giant Glencore reported net income of
$363 million in 2025, rebounding from a
$1.63 billion loss in 2024 caused by weaker commodity prices, particularly coal.
Revenue rose 7% year over year to
$247 billion.
CEO Gary Nagle highlighted strong operational performance, ongoing portfolio optimization, and progress in the company’s copper-led growth strategy. Recent moves included acquiring the Quechua copper project in Peru and selling the Puerto Nuevo coal export terminal in Colombia.
Glencore also signed a nonbinding memorandum of understanding to potentially sell a 40% stake in its copper and cobalt assets in the Democratic Republic of Congo to Orion Critical Mineral, a consortium backed by the U.S. government.
$GLNCY