Glencore CEO sees bumper year coming on asset sales, trading boom - FT

What happened: Glencore (GLCNF) (GLNCY) is nearing two multibillion-dollar asset sales, and CEO Gary Nagle told the FT that 2027 likely will be a banner year for cash returns as its traders capitalize on volatile markets. Key numbers: Trading profits expected above $5 billion for FY 2026, the second-highest ever behind 2022. Copper production guided to the lower end of 810,000 to 870,000 tons; steelmaking coal to the lower end of 30 to 32 million tons. Why it matters: The asset sales could yield several billion dollars, and the CEO expects 2027 to be a banner year for cash returns.

Glencore (GLCNF) (GLNCY) is nearing two multibillion-dollar asset sales, and CEO Gary Nagle told the FT that 2027 likely will be a banner year for cash returns as its traders capitalize on volatile markets.

The asset sales could yield several billion dollars, and the CEO expects 2027 to be a banner year for cash returns.