Glencore(US:GLNCY) Xin Lang Cai Jing·2026-02-20 02:08Group 1 - LME copper prices experienced a slight decline of 0.2% to $12,879.50 per ton, following a previous increase of 2.3% [3][6] - The rise in the US dollar to a one-week high, along with increased inventory and weak demand, has put pressure on copper prices [3][6] - LME registered copper inventories rose by 3,025 tons to 224,650 tons, marking the highest level since March 2025 [3][6] Group 2 - The Democratic Republic of Congo (DRC) has reached an agreement for the bidding of copper products from Glencore's major operating project [4][8] - Gecamines, the state-owned mining company, has secured rights to sell approximately half of the production from Glencore's Kamoto Copper Company for at least the next two years, with an option for 30% thereafter [4][8] - The World Bureau of Metal Statistics (WBMS) reported that global refined copper production is projected to be 2,721.23 million tons in 2025, with consumption at 2,682.71 million tons, resulting in a surplus of 38.51 million tons [5][8]