Aug 6 (Reuters) - Global miner and trader Glencore ( GLCNF )

reported a 14% drop in first-half adjusted core profit

on Wednesday, weighed down by weaker coal prices, lower copper

production, and operational challenges at some of its mines.

The company, which had considered shifting its primary

listing from London, said it will retain the listing in the

UK, citing that a move to the United States would not add value

for shareholders.

Glencore's ( GLCNF ) adjusted earnings before interest, tax,

depreciation and amortisation (EBITDA) fell to $5.43 billion in

the first half of the year, from $6.34 billion last year.

Last week, the company announced a target of $1 billion in

cost savings by the end of 2026, as part of a review of its

industrial assets, following a 26% slump in copper production.

"While there is much uncertainty around the impact of

geopolitics and trade in the shorter term, we remain of the view

that, in certain commodities, the scale and pace of required

resource development will struggle to meet the demand

projections for such materials into the future," CEO Gary Nagle

said.

"We are well-placed to participate in bridging this gap,"

Nagle said.

Glencore ( GLCNF ) said its total shareholder returns announced for

2025 stand at $3.2 billion.