Should I buy Glencore stock in 2025?

What is Glencore?

What is the price of Glencore stock?

The price of Glencore stock is rising this week. As of now, Glencore trades at 274.4p per share, gaining 2.15% (+5.85p) over the past 24 hours and posting a positive change for the week in the London market.

The company holds a market capitalization of £32.51 billion, with an average 3-month trading volume of 55 million shares. Glencore’s forward P/E ratio is 14.53, and it offers investors a 2.91% dividend yield. The latest beta figure is unavailable.

For South African investors, the recent upward momentum highlights Glencore’s appeal, but as with all commodity stocks, be mindful of shifting price cycles and potential volatility.

Our full analysis of the Glencore stock

Following an in-depth review of Glencore’s latest financial disclosures and an analysis of its stock trajectory over the past three years, we have applied a multi-faceted evaluation combining core financial indicators, technical signals, market dynamics, and competitor benchmarking through our in-house proprietary models. As global shifts transform the resources sector and investor focus sharpens around transition metals, a crucial question emerges: why might Glencore stock once again become a strategic entry point into the commodities and mining sector in 2025?

Recent Performance and Market Context

Glencore (LSE: GLEN) has demonstrated considerable resilience in a volatile global commodities environment, with its share price currently at 274.4p (as of May 2025), reflecting a robust +2.15% intraday move and trading within a healthy 52-week range of 205.00p to 489.30p. While the past year saw softer earnings—primarily due to declines in thermal coal pricing—recent weeks have been shaped by a notable uptick in market sentiment and a lift in trading volume, averaging 55 million shares exchanged daily over the last quarter.

Positive corporate actions have bolstered investor confidence, notably Glencore’s pledge to return $2.2 billion to shareholders and the reaffirmation of its 2024 production targets, signalling operational steadfastness. Strategically, the company is evaluating a repositioning of its primary listing—an initiative illustrating its adaptability and attentiveness to capital market evolutions.

The wider sector backcloth is constructive: as global decarbonisation and battery technology adoption accelerates, demand for Glencore’s portfolio of “transition metals”—copper, cobalt, nickel, and zinc—remains underpinned. Commodity price cycles, while always a consideration, continue to favour diversified majors with deep integration and scale.

Technical Analysis

From a technical standpoint, Glencore’s current setup reveals a strengthening constructive bias. The 14-day Relative Strength Index (RSI) stands at 55.87, indicating neither overbought nor oversold conditions—an ideal zone for bullish pivots. While the MACD (12,26) currently marks a slight negative divergence (-1.96, a "sell" signal on its own), this is contextualised by clear upside leadership in the short-term moving averages:

• 20-day (MA20) and 50-day (MA50) averages signal “buy”, both trending below the current market price (261.44p and 267.80p, respectively).
• Meanwhile, longer-term MAs (100-day at 304.42p and 200-day at 345.06p) suggest the stock is advancing from a technically “oversold” base, with catch-up potential.
• Major support is identified at 267.75p, with resistance in the 280p region—a relatively narrow consolidation channel that sets up a potential breakout scenario.

Overall, the technical consensus is neutral but tilting increasingly bullish, especially as price action consolidates above support levels and into short-term moving average strength. Should the equity confirm a decisive breakout above 280p, the path toward the medium-term target of 356.7p (+30%) becomes technically credible.

Fundamental Analysis

On the fundamentals, Glencore continues to present a compelling case for renewed interest among forward-looking investors:

• Revenue & Profitability: Despite a 16% annual decline in adjusted EBITDA to $14.4 billion (2024)—largely a function of extrinsic coal price pressures—Glencore’s Marketing EBIT remains strong at $3.2 billion, underscoring the resilience and diversity of its trading platform. Notably, Funds from Operations saw a 9% increase, reflecting higher operational efficiency and favorable cycle management.
• Valuation: Trading at a forward P/E ratio of 14.53 (trailing at 18.18) and offering a dividend yield of 2.91%, Glencore’s valuation appears attractive against both sector peers and multi-year historical norms. This compression in multiples, particularly relative to projected demand for energy transition metals, builds a sound foundation for renewed upside.
• Strategic Strengths: Glencore’s vertically integrated model—linking mining operations to its unique global trading network—remains nearly unrivalled in the sector. This approach not only cushions cyclical swings but also enables nimble participation in emerging opportunities, from new product streams to dynamic market entries.
• Diversification: With direct exposure to over 60 different commodities and assets in multiple geographic jurisdictions, Glencore offers built-in risk mitigation and long-term structural flexibility. Its over 150 mining and metallurgical sites worldwide provide a scale advantage rarely matched.

Volume and Liquidity

Robust trading volumes serve as a barometer of continued market interest. With an average daily turnover of 55 million shares, the stock enjoys excellent liquidity—fostering tighter spreads, lower transaction costs, and a valuation environment conducive to dynamism. The float remains favorable for active positioning, supporting both institutional and private participation, which is critical in a sector prone to episodic volatility and news-driven momentum.

Catalysts and Positive Outlook

Glencore’s investment narrative is powerfully aligned with multi-year thematic tailwinds:

• Energy Transition Exposure: The company’s leadership in copper, cobalt, zinc, and nickel should not be understated. These raw materials are central to renewable power infrastructure, electric vehicles, and grid storage—core segments that are accelerating under both private investment and policy impetus. Global regulatory commitments to net-zero targets further amplify demand potential.
• Corporate Actions and Innovations: Management’s focus on capital allocation—evidenced by the $2.2 billion return to shareholders—signals financial discipline and a commitment to total returns. The potential shift in home listing may unlock new pools of capital and improve international investor access.
• ESG Initiatives: Glencore’s increasing transparency and ambition around decarbonising its portfolio, while steadily reducing its coal exposure, are likely to further enhance its appeal to ESG-oriented investors.
• M&A and Portfolio Optimization: The company’s global reach and financial strength position it well to selectively pursue accretive M&A or divestitures as market opportunities arise.

Taken together, these drivers create a favorable context for multiple expansion and outperformance, especially as investor focus continues to rotate toward secure, sustainable materials supply.

Investment Strategies

Whether viewed through a short-, medium-, or long-term lens, Glencore presently offers a suite of attractive entry points for diverse investor profiles:

• Short-Term: Active traders may find a compelling case to position near the 267.75p support, anticipating a technical bounce higher if resistance at 280p is firmly breached. The consolidation pattern, coupled with short-term moving average strength, supports tactical entry.
• Medium-Term: For investors focused on the next 6–18 months, the stock’s blend of sound cash generation, dividend yield, and imminent catalysts—such as further portfolio announcements or the potential relisting—provide material grounds for constructive positions ahead of possible re-rating events.
• Long-Term: Strategic buyers should prioritize Glencore’s exposure to structural megatrends—namely, the exponential demand growth for transition metals over the coming decades. The company's robust balance sheet, wide diversification, and progressive capital returns policy enhance its long-term profile, especially for portfolios seeking anti-cyclical resources exposure.

In sum, Glencore appears optimally positioned both at a technical base and in anticipation of material, value-accretive catalysts on the horizon.

Is it the Right Time to Buy Glencore?

Synthesising the above analysis reveals a company that marries attractive fundamentals with positive technical developments and powerful thematic resonance. Key strengths include:

• A forward-looking business model anchored in energy transition,
• Strategic vertical integration and risk diversification,
• Attractive valuation and solid shareholder returns,
• Strong operational liquidity, market leadership, and active portfolio optimization.

While commodity price volatility and legacy coal exposure remain factors to monitor, the core investment narrative is dominated by secular growth drivers and a commitment to capital discipline. The stock trades at a level that seems to represent an excellent opportunity for investors to gain exposure ahead of the next phase of sector rotation and global decarbonisation efforts.

The convergence of dynamic fundamentals, healthy technical structure, and transformative market tailwinds suggests Glencore may be entering a new bullish phase. For investors seeking high-quality exposure to the underlying drivers of the global energy transition, the present environment could justify renewed and serious consideration of Glencore.

With its strategic blend of financial strength, operational resilience, and future-ready positioning, Glencore stands out as an opportunity that continues to inspire confidence—and one that seems poised to capitalize on the next cycle of sector leadership.

How to buy Glencore stock in ZA?

Buying Glencore shares online as a South African investor is both secure and straightforward when using a regulated broker. Investors have two primary options: direct “spot” buying of actual Glencore shares, or trading share price movements via CFDs (Contracts for Difference). Spot buying is ideal for long-term ownership, while CFDs offer flexibility and leverage for short-term strategies. Both methods are accessible online with South African Rand (ZAR) funding and strong protections for clients. To find the best fit for your needs, see the detailed broker comparison further down the page.

Cash (Spot) Buying

A cash (spot) purchase means buying real Glencore shares registered in your name. You benefit from dividend payments and voting rights while directly participating in share price movements. South African brokers typically charge a flat ZAR commission per order (often around R100–R200), plus a small custody or currency conversion fee, since Glencore is listed in London and trades in British pence (GBX).

Informations importantes

Example:
Suppose the Glencore share price is 274.4p (GBP 2.744), and the current GBP/ZAR rate is 24.00. With a R18,000 stake (about $1,000, including a typical R100 brokerage fee), you can buy around 6.48 shares [(R18,000–R100)/ (2.744 × 24)].

Gain scenario:
If the share price rises by 10%, your shares are now worth R19,800.
Result: That’s a +R1,800 gross gain, or +10% on your investment.

CFD Trading

CFD trading allows you to speculate on Glencore’s share price without owning the underlying shares. CFDs are flexible trading instruments that enable both long and short positions, plus leverage to amplify potential gains (and losses). Fees typically include a variable spread and overnight financing for positions held more than a day.

Informations importantes

Example:
You open a CFD position on Glencore with R18,000 margin and 5x leverage, giving you R90,000 market exposure.

Gain scenario:
If Glencore’s share price rises by 8%, your position gains 8% × 5 = 40%.
Result: That’s a +R7,200 gain on your original R18,000 stake (excluding fees).

Final Advice

Before investing, it is essential to compare the fees and features of available brokers, as costs and services can vary significantly between them. Your choice between cash buying and CFD trading should align with your personal financial goals, risk appetite, and investment horizon. Explore our up-to-date broker comparison below to help you make the best decision for your Glencore investment journey.

Our 7 tips for buying Glencore stock

The latest news about Glencore

Glencore stock rallied 2.15% over the past week, with trading volumes remaining robust at 55 million shares daily. This performance is notable as it reflects steady investor interest amid otherwise neutral technical indicators, with both the 20-day and 50-day moving averages signaling buying momentum. The stock is trading just above its key technical support at 267.75p, and short-term moving averages suggest underlying strength, providing positive signals for South African investors or funds tracking global mining leaders. The strong price action could enhance confidence for local holders, notably given Glencore’s direct presence in southern Africa through mining and marketing operations, especially in the copper and coal sectors critical to the South African economy.

Glencore maintains clear commitments to the energy transition, with ongoing investment in ‘future-facing’ metals–a positive for South Africa’s mining and industrial sectors. Recent disclosures reaffirm Glencore’s production guidance for 2024, underscoring stability in key outputs such as copper, cobalt, nickel, and zinc—resources central to decarbonisation agendas. Glencore’s prominent role as a supplier of these commodities supports security of supply for southern African manufacturers and infrastructure developers. This positioning is especially beneficial to regional economic policy objectives and aligns with demand signals from South Africa's growing electric vehicle and battery manufacturing ecosystem.

The group confirmed a $2.2 billion return to shareholders, reinforcing its shareholder-friendly approach and dividend resilience. This payout, combined with an attractive 2.91% dividend yield, is positive for long-term South African institutional investors and pension funds seeking stable, inflation-hedged returns from global exposure. Such payouts are significant for diversified portfolios in South Africa, where currency and market volatility remain key challenges, and will provide welcome cash flows that can be recycled into the local economy.

Despite a drop in headline EBITDA, Glencore’s marketing division delivered a strong performance and overall cash generation improved due to better timing of operations. While group EBITDA for 2024 was down year-on-year (mainly due to weaker thermal coal prices), the company grew its funds from operations by 9%, indicating effective management and resilience in non-coal operations. For South African stakeholders, this underlines Glencore’s operational flexibility—a key trait given commodity market cyclicality—while the group’s local presence in coal and ferroalloys ensures continued support for domestic employment and production.

Strategic clarity remains high as Glencore continues to adapt globally while reinforcing its focus and deployments in Africa, with no major immediate changes to the group’s fundamentals. Current statements confirm that, despite exploring a possible shift of its primary listing from London, there are no fundamental operational changes that would alter its African strategy. Glencore remains a cornerstone investor and operator in South Africa’s mining value chain, especially in Mpumalanga and the Northern Cape, with ongoing projects supporting skills transfer, local procurement, and infrastructure investment—all areas of direct significance for South African market participants.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.