GLENCORE reported an 11% decline in copper production for 2025, with output reaching 851,600 tons at the lower end of its forecast range, said Reuters citing a company fourth quarter production report on Thursday. “Glencore’s production update was stronger than expected with Q4 production in key copper, cobalt, zinc, steelmaking coal and energy coal divisions,” said Ian Rossouw, an analyst for Barclays Capital. Glencore has guided 2026 copper production at between 810,000 and 870,000 tons, maintaining the midpoint of 840,000t it forecast in December. It has targeted lifting annual copper output to 1.6 million tons by 2035 through new and restarted mines. Steelmaking coal production rose to 32.5Mt from 19.9Mt, whilst thermal coal output edged down to 98Mt from 99.6Mt.