{"id":42030,"date":"2025-07-29T11:44:55","date_gmt":"2025-07-29T11:44:55","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/29\/glencore-share-price-on-edge-as-coal-copper-diverge-before-earnings\/"},"modified":"2025-07-29T11:44:55","modified_gmt":"2025-07-29T11:44:55","slug":"glencore-share-price-on-edge-as-coal-copper-diverge-before-earnings","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/29\/glencore-share-price-on-edge-as-coal-copper-diverge-before-earnings\/","title":{"rendered":"Glencore share price on edge as coal, copper diverge before earnings"},"content":{"rendered":"
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Glencore share price pulled back slightly as investors waited for its financial results. It dropped to a low of 315p on Monday, down from this month\u2019s high of 327p. It remains about 56% above the lowest level this year. <\/p>\n

Glencore share price drops amid copper weakness<\/h2>\n

The Glencore stock price has pulled back in the past few days as the copper market weakens. Data shows that the price of copper has tumbled by over 6% from its highest point this month. It remains 38% above its lowest level this year. <\/p>\n

The ongoing pullback comes after copper price surged within a few days after Trump threatened a 50% tariff on all imports. Such a move will affect the US, a country that imports most of its copper. <\/p>\n

Copper has pulled back as traders book profits after this month\u2019s short-squeeze. This is notable since Glencore is one of the biggest players in the copper business. <\/p>\n

Copper, which is seen as a barometer for the global economy, has pulled back as investors react to Donald Trump\u2019s tariffs. He announced a trade deal with Japan<\/a> <\/strong>last week and another one with the European Union this week.<\/p>\n

A key theme that has emerged is that Trump has set a base for a 15% tariff for all goods entering the United States. A 15% tariff is substantial and could lead to a significant economic slowdown. <\/p>\n

On the positive side, there are signs that coal prices are recovering, which could benefit Glencore. Data shows that the Australian Newcastle futures rose to $115.50 per ton on Tuesday, the highest level since February this year.<\/p>\n

At the same time, coal-fired power generation in Japan, a major coal importer, has jumped to the highest level in ten months. The ongoing coal recovery is important as prices crashed earlier this year. <\/p>\n

Analysts at Goldman Sachs believe that coal prices could jump because of the above-normal temperatures in China, Japan, and South Korea. Additionally, recent data indicate that coal inventories in China have been declining since June, potentially leading to increased demand. <\/p>\n

Read more: Glencore share price outlook as it shuts key copper mines<\/a><\/p>\n

Earnings ahead<\/h2>\n

The next important catalyst for the Glencore share price is its earnings, which will come out on Wednesday this week. The most recent results showed that Glencore\u2019s revenue rose by 6% last year to $230 billion.<\/p>\n

However, the company\u2019s adjusted EBITDA metric plunged by 16% to $14.365 billion, while its net loss soared to $1.6 billion. It blamed its losses to the weakness in the energy coal prices. As such, the rising coal prices may help to boost its earnings this year. <\/p>\n

The most recent production report showed that its energy coal production dropped by 7% in Q1 to 23.4 metric tons. This decline was offset by a 493% surge in steelmaking coal. Its copper production also tumbled by 30% to 167.9 kilo tons. <\/p>\n

These numbers mean that Glencore\u2019s revenues and profits will be lower than in the same period last year.<\/p>\n

Glencore share price analysis<\/h2>\n
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GLEN stock chart | Source: TradingView<\/a><\/p>\n

The daily chart shows that the GLEN share price has rebounded in the past few months, moving from a low of 200p in April to 316p today. It recently formed a rising wedge pattern, a popular bearish reversal sign. <\/p>\n

The stock has moved above the 50-day Exponential Moving Average (EMA). It has, however, found substantial resistance at the 200-day moving average. <\/p>\n

Therefore, the rising wedge points to a pullback after earnings. If this happens, the next point to watch will be the psychological point at 300p. A move above the resistance at 327p will invalidate the bearish outlook.<\/p>\n

The post Glencore share price on edge as coal, copper diverge before earnings<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Glencore share price pulled back slightly as investors waited for its financial results. It dropped to a low of 315p on Monday, down from this month\u2019s high of 327p. It remains about 56% above the lowest level this year.  Glencore share price drops amid copper weakness The Glencore stock price has pulled back in the <\/p>\n","protected":false},"author":1,"featured_media":42031,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-42030","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/42030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=42030"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/42030\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/42031"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=42030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=42030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=42030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}