Glencore Share Discussion Threads

[arja] 23/5/2017 08:33

But I am just a trader Action and rarely hold beyond end of day . Uk market and all markets usually follow big brother ( USA ) which is why holding overnight can sometimes be dangerous . Regarding GLEN, chart suggests it is still in that short term downtrend
but maybe waiting to break out of that downtrend pattern - need to wait for confirmation . But as I said it can still be traded if overbought or oversold in a day . I use spreadbets or a CFD to do this .

[action] 22/5/2017 08:02

Thanks Any entry and exit point on both pls Arja

[losses] 22/5/2017 04:47

Saudi Arabia's $20 billion wager with Blackstone is record-sized bet on U.S. infrastructureMay 21, 2017 at 8:28 p.m. ETBy Ryan DezemberTrump's infrastructure push is cited by Saudis as they make huge commitment toward Blackstone's $40 billion goal

[arja] 20/5/2017 19:48

Action- I forget what I said . Certainly the dow had a nice bounce on friday and whether one is bearish or bullish there are always trading opportunities when it gets oversold or overbought I guess . I should trade but happy to take trading profits on S32 most days and occasionally on GLEN.

[losses] 20/5/2017 10:39

The electric car revolution has market participants focused on lithium, cobalt and graphite, all of which are key components of lithium-ion batteries. But how much will increasing demand for electric vehicles (EVs) impact copper prices?According to Ivan Glasenberg, CEO of Glencore (LSE:GLEN), the world's third-largest producer of copper, the rise of EVs will significantly boost demand for lithium, as well as other metals like copper, in the coming decades.Why? EVs require more copper wiring than standard internal combustion engines. In fact, while conventional cars typically contain about 20 kilograms of copper, for EVs the copper load is about three to four times that amount.And according to Glasenberg, copper demand from the EV sector could increase soon. He told investors at an industry conference in Barcelona on Tuesday (May 15) that "the electric vehicle revolution is happening and its impact is likely to be felt faster than expected."Is the "looming copper supply crunch" fact or fiction? It's time to debunk a few industry myths.Glasenberg is not the only one who is optimistic about the impact of EVs on future copper demand. Last year, Jean-Sebastien Jacques, CEO of global mining group Rio Tinto (ASX:RIO,LSE:RIO,NYSE:RIO), another major copper producer, said he expects demand for copper to rise as EVs take a growing share of the market."With 90 or more kilos of copper used in a full electric vehicle - three to four times more copper than used in a gas-powered car - it is clear to see the positive impact the use of electric vehicles could have on copper demand," he said.Similarly, BHP's (ASX:BHP,LSE:BLT,NYSE:BHP) Huw McKay, vice president of market analysis and economics, has called for a big boost in copper demand from the EV sector."Building the EV fleet will use about 11 million tonnes of copper. Subtract the amount that would have been used in the conventional vehicles 'displaced' by EVs, and that figure comes down to about 8.5 million tonnes of genuine new demand - equivalent to more than a third of total global copper demand today," he commented recently.Electric cars currently make up about 1 percent of new global vehicle sales, but should account for over 35 percent of sales by 2040, according to Bloomberg New Energy Finance.electric car copper demandChart via Bloomberg.In Europe, sales of alternative-fuel models, such as fully electric cars and hybrid vehicles, jumped 36 percent in the first quarter of 2017, to 235,438 vehicles, according to the European Automobile Manufacturers' Association.While that's impressive, the biggest increase in EV demand will come from China, says a report from Germany's University of Duisberg-Essen's Center for Automotive Research."As early as 2020, we expect annual sales of 4 million of new electric cars in China. The state-planned electric car quotas will give important impetus. However market share will accelerate from 2020 and as a result, we predict a 30 percent market share of new electric vehicles in China by 2025," the report states.There's no doubt that the EV boom is already on its way, and together with metals such as lithium, cobalt and graphite, copper seems to have a bright future ahead.

[action] 19/5/2017 13:20

ArjaAny change in your chart reasons yetThanks

[raffles the gentleman thug] 18/5/2017 15:31

Yep you called it arja with your blithering repetitive post about the Dow

[losses] 18/5/2017 14:38

So it's 2.6p divi on 31 May then

[losses] 18/5/2017 14:37

Glencore Inks Joint Venture Deal With Mexico's G500

[raffles the gentleman thug] 18/5/2017 10:38

That's you calling the intra day bottom again - I'm buying

[arja] 18/5/2017 10:35

dow futures falling and stopping a recovery here ! might get support in 20400 area hopefully .

[rampant_bull] 17/5/2017 11:51

Glencore PLC (LON:GLEN) had its stock rating noted as "Buy" by analysts at Jefferies International. Jefferies International currently has a GBX 380.00 price target on the 42.20 billion GBP market cap company or 31.19% upside potential. This was revealed in an analyst report on Monday morning.

[rampant_bull] 17/5/2017 11:50

Macquarie restated their outperform rating on shares of Glencore PLC (LON:GLEN) in a report released on Monday. The firm currently has a GBX 385 ($4.97) price objective on the natural resources company's stock.

[action] 17/5/2017 11:36

Many thanks Arja

[action] 17/5/2017 11:36

Many thanks Mark a

[twixy] 17/5/2017 11:32

Excellent presentation on the Glencore investor website, which IG gave yesterday - worth a read if you have the time.

[arja] 17/5/2017 10:06

in a clear short term downtrend ( descending rectangular pattern I think ) but still a medium term uptrend . Could well go under 270 in next month or so or that is my reading of chart - have a go at me if it does transpire ! ( smile )

[action] 16/5/2017 14:57

Any target pls

[action] 16/5/2017 14:35

In at 292.04

[glenkaz] 15/5/2017 23:12

Back in boys £3++++ I think tomorow! 💐 They're for Glenda 😃 The ...slag! 😂

[arja] 12/5/2017 19:15

surprising that the FTSE well up as dow declines - happened in recent days but far from the norm !

[raffles the gentleman thug] 12/5/2017 11:51

Agree ... I'm on way back in

[losses] 12/5/2017 11:20

But we alway have the "go away in May" crew...