Tag: copper demand 2026

Glencore trims 2026 copper forecast to 840,000 tonnes on Collahuasi-related production issues. Spot TCs stay deeply negative, reflecting severe concentrate tightness. Mining giant Glencore Plc has cut its copper production forecast for 2026 by about 9.6% to 840,000 tonnes due to falling ore grades and water shortages at the Collahuasi mine in Chile, which the…