Glencore Share Discussion Threads

[montyhedge] 25/11/2018 16:35

Looks like they are trying to support the shareprice.

[waldron] 25/11/2018 15:22

BUYBACKS COMING ALONG SLOWLY BUT SURELY

USD 1.378 BILLION OF 2

2018/19 share buy-back programme

On 5 July 2018, Glencore plc commenced a share repurchase or buy-back programme of up to USD1 billion (the “Programme”) in the period to 31 December 2018. On 25 September 2018, Glencore plc further announced an increase in the size of the Programme by an additional amount of up to USD1 billion and the extension of the duration of the programme until the close of dealings on 20 February 2019.

[florenceorbis] 25/11/2018 14:48

Miners generally were weighing on the FTSE 100 index amid weaker metal prices, with Rio Tinto down 3.3%, Evraz down 3.8%, Anglo American down 4.5%, Glencore down 3.5%, and Antofagasta down 2.0%.

Gold was lower quoted at USD1,222.80 from USD1,227.52 late Thursday.

Royal Dutch Shell B shares closed down 3.8% and its A shares were down 2.2% as the price of oil continues to slip.

Oil producers dropped to the bottom of the FTSE 250 as well, with the worst performer Premier Oil, closing down 11%. Tullow Oil ended down 6.3% and Cairn Energy ended down 7.0%, while oil and gas industry services provider Petrofac closed down 4.5%.

Brent was quoted at USD58.78 a barrel at the London equities close, down from USD62.70 at the close on Wednesday. Brent is down 12% this week and 27% this month.

IG's Chris Beauchamp said: "While oil is stealing the headlines, a stronger US dollar continues to put pressure on commodities, while weaker expectations of economic growth are doing their part as well. Miners and oil stocks are near the bottom of the FTSE 100, and even gold miners are hard hit."

Fellow oil major BP, which ended down 2.4%, delivered first oil production from the Clair Ridge project in the West of Shetland region, offshore the UK.

The Clair Ridge is operated by BP, which holds a 29% interest in the project. Shell holds a 28% stake in the project, with ConocoPhillips and Chevron North Sea, part of Chevron, holding 24% and 19%, respectively.

The project has been designed to recover an estimated 640 million barrels of oil with production expected to ramp-up to a peak at plateau level of 120,000 barrels of oil per day.

[leoneobull] 25/11/2018 12:01

The will of the people is a dynamic concept. The will of the people is changing. That is democracy fellashttps://www.google.co.uk/url?sa=i&source=web&cd=&ved=2ahUKEwjW_oeiv-_eAhXILcAKHRmFBCcQzPwBegQIARAC&url=https%3A%2F%2Fwww.mirror.co.uk%2Fnews%2Fpolitics%2Fpoll-reveals-majority-brexiteers-constituents-13640744&psig=AOvVaw2iCiUqfA_3NysOFtk_hs6b&ust=1543233592720125

[grupo] 25/11/2018 09:58

www.proactiveinvestors.co.uk/columns/sp-angel/30315/today-s-market-view-shifting-battery-demand-is-drawing-major-investment-in-lithium-projects-30315.html

[losses] 25/11/2018 08:21

So true... Monty is a contrarian soul.

[twixy] 24/11/2018 20:25

On the positive front, montyhedge has turned up and if his track record holds, we can expect the opposite to happen. GBP 3.10 by next Friday, anyone?

[ariane] 24/11/2018 15:48

In recent years, the heightened demand, packed with the volatile source country – the blueish-gray element is mined mostly in the Democratic Republic of Congo – have both pushed costs up, but also, brought fears of shortages for battery-powered cars. However, Sahin’s latest invention – which he calls GEMX – can be used in a variety of types of nickel-based power packs. Furthermore, the invention has been granted patents in the U.S., the European Union, China, and Japan – both some of the biggest battery manufacturing markets. To make matters even more interesting, Sahin was in Berlin earlier this month for an annual car industry conference, where he revealed that he was in talks with large battery manufacturers. And one of them has actually already agreed to buy the license to produce the material.

“We’re hoping we will get this into the hands of the major producers,” Sahin said in a phone interview. The technique could lower cobalt content to as little as 4 percent of battery cathodes, he said, from about 20 percent needed in some now.

There are two results of lowering the amount of cobalt in batteries: first, the cost. Second, it would help reduce the battery industry’s reliance on war-torn Congo, something we’ve been hearing about in the news on a regular basis for the past few years. Carmakers like BMW AG and Volkswagen AG were both parts of unflattering news, where child labor and unsafe working practices dominated the headlines in recent years, making their supply chains come under heightened scrutiny.

With Sahin’s technique of inserting GEMX into specific spaces within the chemical structure of cathodes, less cobalt is needed. And judging by Sahin’s track record, this man’s got something interesting at his hands. After all, this Turkish immigrant, who came to the United States at age 16, has already built a customer-service software company that he sold to Lucent Technologies for $1.5 billion, after which, he invested almost $100 million of his own money into the development of cathodes. And cathodes are a mission-critical chemical compound that determine how much can a battery last between charges.

Source: Bloomberg

[ariane] 24/11/2018 15:47

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Home
Battery Tech
New Battery Breakthrough Might Reduce Need For Cobalt

New Battery Breakthrough Might Reduce Need For Cobalt

NOV 22 2018 BY
VANJA KLJAIC

29
Cobalt is expensive, so reduction is key.

For Kevin Sahin, 77, innovating is a way of life. This scientist-turned-entrepreneur behind a battery technology adopted by chemical giants BASF SE and Johnson Matthey Plc is now back with yet another invention – one that he claims that will be able to boost electric vehicle performance in the forthcoming years. In a nutshell, his latest innovation reduces the need for cobalt – a key battery production material – to only the utmost critical areas, further reducing the costs.
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In recent years, the heightened demand, packed with the volatile source country – the blueish-gray element is mined mostly in the Democratic Republic of Congo – have both pushed costs up, but also, brought fears of shortages for battery-powered cars. However, Sahin’s latest invention – which he calls GEMX – can be used in a variety of types of nickel-based power packs. Furthermore, the invention has been granted patents in the U.S., the European Union, China, and Japan – both some of the biggest battery manufacturing markets. To make matters even more interesting, Sahin was in Berlin earlier this month for an annual car industry conference, where he revealed that he was in talks with large battery manufacturers. And one of them has actually already agreed to buy the license to produce the material.

“We’re hoping we will get this into the hands of the major producers,” Sahin said in a phone interview. The technique could lower cobalt content to as little as 4 percent of battery cathodes, he said, from about 20 percent needed in some now.

There are two results of lowering the amount of cobalt in batteries: first, the cost. Second, it would help reduce the battery industry’s reliance on war-torn Congo, something we’ve been hearing about in the news on a regular basis for the past few years. Carmakers like BMW AG and Volkswagen AG were both parts of unflattering news, where child labor and unsafe working practices dominated the headlines in recent years, making their supply chains come under heightened scrutiny.

With Sahin’s technique of inserting GEMX into specific spaces within the chemical structure of cathodes, less cobalt is needed. And judging by Sahin’s track record, this man’s got something interesting at his hands. After all, this Turkish immigrant, who came to the United States at age 16, has already built a customer-service software company that he sold to Lucent Technologies for $1.5 billion, after which, he invested almost $100 million of his own money into the development of cathodes. And cathodes are a mission-critical chemical compound that determine how much can a battery last between charges.

Source: Bloomberg

[montyhedge] 24/11/2018 15:39

Three words Glut of commodities.

[ariane] 24/11/2018 12:01

BATTERY AND ENERGY STORAGE SENSITIVE COMMODITIES WILL RISE AGAIN

[montyhedge] 24/11/2018 11:54

It's a good job, buybacks helping this share price, I'm sure would have been a lot lower. Sentiment in commodities is not to positive.

[creditcrunchies] 23/11/2018 19:57

The Fed probably want a bit more on interest rates so when it does hit the fan they can cut from higher up otherwise what's left except printing and devaluation that's why gold and eventually other metals will do well longer term

[waldron] 23/11/2018 16:52

Rio Tinto
3,636 -3.50%


BHP Billiton
1,573 +0.00%

Anglo American
1,563.4 -4.86%


Glencore
280.1 -3.63%

GETTING TO CLOSE TO THE 250 to 280p BOX
confirmation next week


Gold COMEX 1,223.60 -0.35%
Silver COMEX 14.27 -1.35%
Copper COMEX 2.77 -1.05%
Brent Crude Oil NYMEX 58.90 -5.94%
Gasoline NYMEX 1.38 -6.04%
Natural Gas NYMEX 4.51 +6.56%

[montyhedge] 23/11/2018 16:23

All commodities been hit.

[a1ord53] 23/11/2018 16:21

Oil trading is small part of Glencore
Low prices will generate higher volumes and Glencore will get even more trading profit imo

[gutterhead] 23/11/2018 16:18

this is crazy cheap

[montyhedge] 23/11/2018 16:16

Long bull etf's normally leveraged 3 times, ouch. Surely capitulation next week if oil keeps falling. Trump wants lower oil and arabs pumping at record levels causing a glut.

[twixy] 23/11/2018 15:55

I hope the brokers are buying back as many as they can at these prices!

[montyhedge] 23/11/2018 14:10

Must admit shareprice holding well, I thought 275p.

[waldron] 22/11/2018 16:54

Rio Tinto
3,768 -2.13%


BHP Billiton
1,573 -1.81%


Anglo American
1,643.2 -3.25%


Glencore
290.65 -1.82%


Gold COMEX 1,228.20 +0.02%
Silver COMEX 14.48 -0.19%
Copper COMEX 2.80 +0.07%
Brent Crude Oil NYMEX 62.80 -1.07%

[twixy] 22/11/2018 14:07

Thanks maywillow - seems plausible.