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Glencore plc (GLNCY) Analyst/Investor Day Transcript
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Glencore plc (GLNCY) Analyst/Investor Day Transcript

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Last updated: December 5, 2025 10:17 pm
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Published: December 5, 2025
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Glencore plc (OTCPK:GLNCY) Analyst/Investor Day December 3, 2025 8:00 AM EST

Firm Members

Martin Fewings – Head of Investor Relations & Communications
Gary Nagle – CEO & Director
Xavier Wagner – Chief Working Officer
Jon Evans
Shah Chaudari
Michael Farrelly
Martín Pérez de Solay
Christoff Kühn
Steven Kalmin – Chief Monetary Officer
Jyothish George – Head of Advertising for Metals & Bulks
Andrew Fikkers

Convention Name Members

Jason Fairclough – BofA Securities, Analysis Division
Dominic O’Kane – JPMorgan Chase & Co, Analysis Division
Matthew Greene – Goldman Sachs Group, Inc., Analysis Division
Alain Gabriel – Morgan Stanley, Analysis Division
Alon Olsha
Myles Allsop – UBS Funding Financial institution, Analysis Division
Liam Fitzpatrick – Deutsche Financial institution AG, Analysis Division
Patrick Mann – Investec Financial institution plc, Analysis Division
Richard Hatch – Joh. Berenberg, Gossler & Co. KG, Analysis Division
Ephrem Ravi – Citigroup Inc., Analysis Division
Ian Rossouw – Barclays Financial institution PLC, Analysis Division
Anthony Robson – World Mining Analysis Pty Restricted

Presentation

Martin Fewings
Head of Investor Relations & Communications

Welcome to Glencore’s 2025 Capital Markets Day. Firstly, a little bit of housekeeping. As you’ll have seen, there are fairly a number of slides. So we’ll try to get by way of the slides first, and we’ll name for Q&A on the finish of the slides.

So I will hand over to Gary to introduce the staff.

Gary Nagle
CEO & Director

Thanks, Martin. Welcome. Good to see all people right here. Thanks for many who are right here in particular person, those that’ve joined us on webcast. Thanks very a lot for becoming a member of. That is our first Capital Markets Day since 2022. We will have plenty of presenters as we speak. Usually, you simply see primarily Steve and I. We will have a pair — an entire bunch of others becoming a member of us. Xavier Wagner, who a lot of you realize, our Chief Working Officer; Jon Evans, Industrial Lead for our Copper Division; Martín Pérez de Solay, CEO of our Argentina enterprise; Christoff Kühn, Head of Main Tasks and significantly targeted on the Argentinian copper tasks; Steve, you realize; Jyothish, I believe you all know as

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