Glencore looks at Noranda recycling assets, sector peers reshape portfolios
Published on 06/28/2026 at 12:43 | Editorial responsibility: Rafael MĂĽller, Editor-in-Chief AD HOC NEWS
By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-28, 12:43.
Glencore (JE00B4T3BW64) is reportedly evaluating a potential acquisition of metal recycling assets from Canada’s Noranda, according to people familiar with ongoing talks cited by Reuters, with London listing on the FTSE 100 providing the international anchor.Reuters overview of Glencore’s interest in Noranda recycling assets The move would fit Glencore’s larger strategy of expanding its presence in circular metals and battery raw materials, alongside existing copper, nickel and cobalt operations.
What Reuters reports on Noranda
Reuters indicates that Glencore is among potential bidders considering selected recycling and smelting assets from Noranda’s portfolio in Canada and the United States, with early-stage discussions focused on valuation and environmental liabilities.Reuters report on Noranda’s planned asset sale Sector peers such as Rio Tinto and BHP are also reshaping portfolios around copper and low-carbon value chains, reinforcing a broader trend in global mining.
Sector focus on copper and recycling
Large diversified miners including Rio Tinto, BHP and Anglo American continue to prioritize copper projects and metal recycling capacity as electrification and renewable energy drive demand for conductive and battery metals.Financial Times analysis on copper-focused portfolio shifts These companies are trimming exposure to thermal coal and aging assets, while looking at bolt-on deals that bring environmentally compliant smelting and recycling capacity.
All news and data on the Glencore shares
More background on Glencore’s strategy, price history and regulatory filings is available in the dedicated topic section and via the company’s investor relations.
The business behind the stock
Glencore generates revenue primarily from trading and producing commodities with a focus on copper, zinc, nickel, coal and oil, complemented by marketing of metals to industrial customers and utilities.Glencore annual report business overview Representative assets include the Katanga copper operations in the Democratic Republic of Congo and integrated zinc complexes in Europe.
Where the shares trade today
Glencore shares (JE00B4T3BW64) trade on the London Stock Exchange under the ticker GLEN, with recent prices around 4.50 pounds on LSE as of 2026-06-26, according to exchange data.London Stock Exchange price and trading recap for Glencore
Key data on the Glencore shares
- Company: Glencore plc
- ISIN: JE00B4T3BW64
- WKN: A1JAGV
- Ticker: GLEN
- Trading venue: London Stock Exchange
- Price (as of 2026-06-26, 16:30): 4.50 GBP
- Market cap: 56 billion GBP (as of 2026-06-26)
- Sector / industry: Materials / Diversified Mining
- Index membership: FTSE 100
- Next earnings date: 2026-08-06
This text is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities.
Disclaimer regarding our articles: No investment advice, no buy or sell recommendation. Information on prices, companies, and markets is provided without guarantee; changes are possible at any time. Stock market transactions can lead to substantial losses. Our articles are created and reviewed in whole or in part automatically with the support of AI.
