30 Oct 2026 - Glencore Cobalt Output Halves; Copper Guided to Low End

Lead Insight

Glencore's own-sourced cobalt output fell 52% to 13,700 tonnes in the first nine months of 2026, from 28,500 tonnes a year earlier, as DRC export quotas led it to hold more cobalt in solution rather than convert it to saleable hydroxide. Own-sourced copper production rose 3% to 598,600 tonnes. Glencore held 2026 copper guidance at 810,000 to 870,000 tonnes but expects to finish near the bottom of the range.

Commodity Prices: 30 Oct 2026, 8:03am AEST

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