Glencore is trading at £599.70, 4.11% down after investors reacted to weaker zinc production and commodity-related repositioning.
- H1 own-sourced zinc output fell 21% YoY to 365,600 tonnes; although 2026 guidance remained unchanged. Moody’s reaffirmed Glencore’s rating.
- Bitcoin fell 1.18% over 24 hours and Ethereum 0.34%, but crypto weakness was too modest to explain the decline.
- Broader inflation and geopolitical concerns, including hotter PPI and oil above $100, added risk-off pressure. Trading volume: approximately 12,091,254 shares.