Glencore Share Discussion Threads

[twixy] 18/7/2024 13:35

Really? Why do you say that?

[bigboots] 18/7/2024 12:22

Trump in power, which is looking likely, will be extremely bad for commodity's

[bukowski750] 17/7/2024 12:32

Glen got a blinder of a deal on Elk Valley imho

[noccer] 17/7/2024 08:08

I guess it won't be long before we hear whether they plan to spin-off coal. They said they would consult with shareholders after the Teck deal closes - which it has, and then (depending on what the major shareholders say) either keep coal or hold a shareholder vote on spinning it off.

[kktj] 16/7/2024 13:50

Forming head and shoulder pattern from April - 450 support needs to hold. I was hoping for double bottom but 490 resistance held and now formed the right shoulder.

[action] 16/7/2024 13:34

Summer months anything is possible

[bigboots] 16/7/2024 13:21

Chart wise £4.45 should be the bottom, or maybe here at $4.56

[action] 16/7/2024 12:57

450p again??

[leoneobull] 16/7/2024 06:12

Sorry, maybe it was Rio T...either way, there's competition for Teck's copper assets due to a shortage of copper..https://www.mining.com/rio-tinto-mulls-potential-bid-for-teck-report/

[sundial1] 15/7/2024 09:00

Never heard

[foxy22] 15/7/2024 08:23

Can u send link to Sunday times article

[foxy22] 15/7/2024 07:53

Allie's Anglo? Angloamerican wants to buy teck

[leoneobull] 14/7/2024 14:05

Sunday Times. Allies Anglo wants to buy rest of Teck Resources for 30 billion usd

[pj84] 10/7/2024 05:55

...

“The firm remains well placed to capitalise on the world’s ongoing pursuit of net zero. Its focus on the production of commodities that are widely used in renewable infrastructure and electric vehicles, such as copper, cobalt and nickel, aligns it with a likely rise in demand that should prompt higher prices over the coming years.”

...

“Meanwhile, Glencore’s financial position means it is sufficiently well placed to overcome temporary periods of economic instability that could realistically occur as interest rate changes take time to positively impact GDP growth.”

...

“Its satisfactory financial position and low valuation suggest that its risk/reward opportunity remains sound. Therefore, it continues to offer investment appeal on a long-term view.
Questor says: buy”

[leoneobull] 09/7/2024 03:58

https://seekingalpha.com/news/4122699-alcoa-glencore-top-jefferies-mining-stock-picks-as-copper-aluminum-head-higher

[garycook] 08/7/2024 10:00

Jefferies raises Glencore price target to 600 (550) pence - 'buy'

[tuftymatt] 08/7/2024 09:42

Yeah such a valuable commodity both now and in the future.

Those recent EV numbers from the likes of Tesla just adds to the demand / price of copper and the bar chart shown in the video regarding future demand is something many more out there are talking about too.

Good luck all 👍🏻

[pj84] 06/7/2024 00:13

It's just under a 3 minute video clip so well worth a listen.

[leoneobull] 05/7/2024 15:58

Copper bouncing. 4.64

[hem007] 05/7/2024 12:33

Thanks. Are there any gaps over 5?

[sundial1] 04/7/2024 17:24

All eyes tomorrow 1:30 get near five

[sundial1] 04/7/2024 17:23

Or copper Dr copper with trump protectionism policies

[kktj] 04/7/2024 15:01

Chart getting a bit 'gappy'! Gaps still left at appx. 429, 437 and from a couple of days at 467. One small gap still left on top (of around 1p) from 21.05 @ 498. I thought the weakness in June might have filled the lower gaps....

[bigboots] 04/7/2024 08:30

Trump gets in , or the possibility, the dollar dips, Glen and others roar....