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Glencore cuts 2026 copper growth forecast as struggling Chile mine drags down output
Miner and trader Glencore lowered its copper output forecast for next year as production challenges at the Collahuasi mine in Chile continue to weigh on plans to ramp up output, it said on Wednesday December 3. The Swiss commodities giant said copper output in 2026 would be around 840,000 tonnes, down from initial plans to produce about 930,000 tonnes. Copper output this year is expected to be around 850,000 tonnes, Glencore said. The Collahuasi mine, which Glencore jointly owns with peer Anglo American, has been affected by lower grades and inadequate water supplies. Glencore and its industry rivals are struggling ... (full story)
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