5 Biggest Copper Companies in the World

4. Glencore plc (OTC:GLNCY)

Market Cap as of November 25: $85.464 billion

Glencore plc (OTC:GLNCY) is an Anglo-Swiss mining company headquartered in Baar, Switzerland. Apart from mining, the company also has oil and gas operations with the division’s head office located in Saint Heller, Jersey. 

Over the past few months, Glencore plc (OTC:GLNCY) has faced a decline in copper, zinc, lead, nickel, gold, and silver production. However, even after a 14% decline in copper production, Glencore plc (OTC:GLNCY)’s outlook for copper production remains unchanged. The company produced 770.5 kilometric tonnes of copper in the first nine months of the year. On the other hand, the company cut its guidance on zinc, coal, and nickel production.

On November 23, Bernstein analyst Bob Brackett upgraded Glencore plc (OTC:GLNCY)’s shares from Market Perform to Outperform. He also raised his price target to 770 GBp from 560 GBp. Brackett believes that the company’s coal business “will generate extraordinary returns over the next several years.”