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Surging Glencore Shares Jump 145% in 10 Months – but Could This Red-Hot Rally Just Be Starting?
Summary by The Motley Fool UK
2 Articles
2 Articles
Swiss mining giant Glencore reported a net profit of $363 million last year, after reporting a deep loss of $1.6 billion the previous year. The results came two weeks after the company abandoned plans to merge with British-Australian giant Rio Tinto.
Surging Glencore shares jump 145% in 10 months – but could this red-hot rally just be starting?
Glencore (LSE: GLEN) shares have surged since bottoming last April after the so-called Liberation Day sell-off. Now the business has swung back to profit and unveiled bold plans to become the worldâs largest copper producer. So could the stock be on the verge of a major market re-rating? 2025 results Full-year results from the mining giant suggest a cycle turning rather than a business weakening. Adjusted EBITDA fell 6% to $13.5bn â below th…
Coverage Details
Total News Sources2
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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