Glencore (GLEN LN) Q1 Production Report: Maintains FY production guidance; Copper production 199.6kt (prev. 167.9kt Y/Y), Cobalt 5.8kt (prev. 9.5kt Y/Y), Zinc 176.9kt (prev. 213.6kt Y/Y), Nickel 17.2kt (prev. 18.8kt Y/Y), Gold 68koz (prev. 145koz Y/Y)
Glencore's Q1 production report shows a notable increase in copper production year-over-year, though cobalt, zinc, nickel, and gold outputs are down compared to last year.
Russia's Deputy PM Novak says UAE exit does not mean a price war, reiterates there are no plans to leave OPEC+, IFX reports
Unilever (ULVR LN) Q1 2026 Trading Statement: Underlying Sales +3.8% (exp. 3.7%); FY26 outlook unchanged with USG at lower end of 4-6% and modest margin improvement expected
Glencore (GLEN LN) Q1 Production Report: Maintains FY production guidance; Copper production 199.6kt (prev. 167.9kt Y/Y), Cobalt 5.8kt (prev. 9.5kt Y/Y), Zinc 176.9kt (prev. 213.6kt Y/Y), Nickel 17.2kt (prev. 18.8kt Y/Y), Gold 68koz (prev. 145koz Y/Y)
Norwegian Registered Jobless Rate (Apr) 2.10% (Prev. 2.2%)
German Import Prices YoY (Mar) Y/Y 2.3% (Prev. -2.3%)
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- Silver 4,869koz (prev. 4,230koz Y/Y)
- Steelmaking coal 6.5mt (prev. 8.3mt Y/Y)
- Energy coal 22.9mt (prev. 23.4mt Y/Y)
- Production largely in line, FY26 production guidance unchanged, cost inflation from diesel and acid with weaker USD, stronger commodity prices expected to offset costs and drive margin expansion, Marketing EBIT seen exceeding top end of USD 2.3-3.5bln guidance
The unchanged FY production guidance suggests stability despite cost inflation pressures, and the expectation of stronger commodity prices could lead to margin expansion, potentially impacting their overall market position positively. This mixed production performance combined with strong EBIT forecasts may attract investor attention regarding the company's growth prospects and cost management.
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