Glencore looks at Noranda recycling assets, sector peers reshape portfolios

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.

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

This text is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities.