12 Oct 2026

22:30

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Home Blog Glencore Aims for $1 Billion Cost Savings in the Near Term

Glencore Aims for $1 Billion Cost Savings in the Near Term

codarx

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Update date: 2025/07/30

Glencore expects to fully deliver cost savings of $1 billion across its industrial businesses by the end of 2026, the mining and commodity trading giant said on Wednesday.   In a preview of first-half production, Glencore also raised its long-term earnings guidance for the first time since 2017 to reflect the growth in its core metals and energy businesses with entry into new markets and expansion of existing products, including LNG, alumina, steelmaking coal, and lithium.   This growth, coupled with “inflationary progression to…

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