Glencore Share Discussion Threads

[waldron] 18/10/2019 16:53

Iron Ore 90.76 USD 0.75(0.83%)
Gold COMEX 1,495.80 -0.17%
Silver COMEX 17.60 -0.07%
Platinum NYMEX 897.70 +0.53%
Copper COMEX 2.63 +1.41%
Brent Crude Oil NYMEX 59.54 -0.62%
Gasoline NYMEX 1.58 -0.07%
Natural Gas NYMEX 2.53 +0.52%
(WTI) 53.94 USD +0.02%



Rio Tinto
3,973.5 +0.30%

Bhp
1,602 -0.25%

Anglo American
1,901.8 +0.22%

Glencore
228.8 +0.11%

[waldron] 17/10/2019 16:54

Iron Ore 90.01 USD -1.39(-1.54%)
Gold COMEX 1,498.10 +0.27%
Silver COMEX 17.58 +0.88%
Platinum NYMEX 890.30 -0.04%
Copper COMEX 2.60 +0.29%
Brent Crude Oil NYMEX 58.71 -1.19%
Gasoline NYMEX 1.56 -1.60%
Natural Gas NYMEX 2.50 +0.12%
(WTI) 53.03 USD +0.44%


Rio Tinto
3,961.5 +0.24%

Bhp
1,606 -1.02%

Anglo American
1,897.6 -0.74%

Glencore
228.55 -0.82%

[waldron] 16/10/2019 17:45

Iron Ore 91.40USD -1.22(-1.33%)
Gold COMEX 1,490.00 +0.44%
Silver COMEX 17.39 +0.01%
Platinum NYMEX 888.90 -0.03%
Copper COMEX 2.59 -1.03%
Brent Crude Oil NYMEX 59.50 +1.29%
Gasoline NYMEX 1.59 +1.03%
Natural Gas NYMEX 2.53 -0.04%
(WTI) 53.56 USD +1.08%



Rio Tinto
3,952 -1.67%

Bhp
1,622.6 -1.19%

Anglo American
1,911.8 -0.07%

Glencore
230.45 -1.37%

[waldron] 15/10/2019 17:09

Iron Ore 92.62USD 0.39(0.42%)
Gold COMEX 1,486.70 -0.73%
Silver COMEX 17.45 -1.47%
Platinum NYMEX 889.20 -1.13%
Copper COMEX 2.61 -0.82%
Brent Crude Oil NYMEX 59.32 -0.05%
Gasoline NYMEX 1.58 +0.46%
Natural Gas NYMEX 2.51 +0.52%
(WTI) 53.4 USD -0.24%


Rio Tinto
4,019 -2.33%

Bhp
1,642.2 -1.96%

Anglo American
1,913.2 -1.13%

Glencore
233.65 +1.21%

[waldron] 14/10/2019 16:50

Iron Ore 92.23 USD -0.63(-0.68%)
Gold COMEX 1,496.30 +0.51%
Silver COMEX 17.67 +0.72%
Platinum NYMEX 900.40 +0.01%
Copper COMEX 2.63 -0.06%
Brent Crude Oil NYMEX 59.08 -2.36%
Gasoline NYMEX 1.60 -2.58%
Natural Gas NYMEX 2.47 +0.49%
(WTI) 53.3 USD -2.70%


Rio Tinto
4,117 -2.20%

Bhp
1,676 -2.58%

Anglo American
1,936.2 -2.44%

Glencore
230.95 -2.76%

[waldron] 11/10/2019 16:52

Iron Ore 92.86USD -0.15(-0.16%)
Gold COMEX 1,482.40 -1.23%
Silver COMEX 17.48 -0.69%
Platinum NYMEX 893.70 -1.56%
Copper COMEX 2.62 +0.42%
Brent Crude Oil NYMEX 60.37 +2.15%
Gasoline NYMEX 1.64 +1.08%
Natural Gas NYMEX 2.45 +1.53%
(WTI) 54.58 USD +1.28%




Rio Tinto
4,195.5 +2.23%


Bhp
1,715.2 +1.10%


Anglo American
1,981.6 +3.02%


Glencore
237.6 +2.41%

[grupo] 11/10/2019 08:35

Rio Jefferies Int Hold reduces from 5,500.00 to 4,700.00 Downgrades

Glencore Jefferies Int Buy reduces from 320.00 to 300.00 Reiterates

Anglo American Jefferies Int Buy reduces from 2,500.00 to 2,200.00 Reiterates

[waldron] 10/10/2019 16:55

Iron Ore 93.01USD 1.42(1.53%)
Gold COMEX 1,499.60 -0.87%
Silver COMEX 17.59 -1.26%
Platinum NYMEX 903.90 +0.80%
Copper COMEX 2.62 +1.83%
Brent Crude Oil NYMEX 58.65 +0.57%
Gasoline NYMEX 1.59 +0.37%
Natural Gas NYMEX 2.42 -0.70%
(WTI) 53.01 USD +1.22%


Rio Tinto
4,104 +2.13%

Bhp
1,696.6 +1.96%

Anglo American
1,923.6 +3.98%

Glencore
232 +3.18%

[uncertain times] 10/10/2019 15:59

Very positive signal

[fireplace22] 10/10/2019 10:19

Good time for that MBO.

[twixy] 10/10/2019 10:16

I see Ivan has increased his stake from 8.3 to 9 percent.

[waldron] 09/10/2019 18:06

Cobalt Forecasts 2020: Risk, Reward, and Redemption
Written by Keith Kohl
Posted October 9, 2019

Enregistrer

Few markets have been hit harder over the last couple years than cobalt.

The meteoric rise in cobalt prices that took place between 2016 and 2018 was followed by an incredible price collapse that cut 70% off its value.

It wasn’t hard to see why prices had skyrocketed suddenly...

Investors quickly caught on to how critical blue gold will be for us going forward — regardless of whether we live in a high OR low carbon future!

Robust projections were clear that demand for lithium-ion batteries would grow as more EVs hit the road. And it wasn’t long before more and more countries stated that they were banning traditional fossil-fueled vehicles.

But the good times didn’t last, as cobalt prices tumbled from record highs of nearly $45 per pound:

cobalt 5-year
Cobalt Supply and Demand: Our Electric-Fueled Future

Like I said, few other markets have felt this kind of pain since 2018.

Over the last two years, cobalt prices fell to around $12 per pound in July of 2019.

So what happened?

Several things, actually.

Perhaps the biggest catalyst was triggered after the Democratic Republic of the Congo (DRC) boosted supply. If you recall, more than two-thirds of the world’s mined cobalt stems from the DRC. With strong EV projections being released, there was a veritable rush for miners to take advantage of high prices.

Unfortunately, this oversupply of cobalt doesn’t bode well for the near term, with a potential supply crunch not projected until as far out as 2023.

If nothing else, there are two bullish catalysts still open for cobalt investors.

The first is the obvious state of the DRC.

When 66% of the world’s mined cobalt is being extracted inside a country with a huge potential for geopolitical volatility, you can see how quickly a crisis could spring up.

In August of 2019, the world’s largest cobalt producer announced it was placing its Mutanda mine on care and maintenance due to weak prices.

To put a little perspective on this, keep in mind that Glencore’s Mutanda mine accounts for roughly 20% of global supply and is the world’s largest source for cobalt.

As you would expect, that has given cobalt investors a little bit of reprieve, with cobalt prices rising approximately 33% since the announced shutdown.

The second catalyst revolves around how quickly the world makes its transition to electric vehicles.

The longer your outlook, the bigger the profit windfall will be for cobalt.

Nearly every projection we’ve seen still calls for significant EV penetration into the auto sector.

Below, you can see that BloombergNEF’s latest Electric Vehicle Outlook 2019 projects that by 2040, 57% of all passenger vehicle sales will be electric:

ev sale forecast

Although we’re not expecting to see in 2020 anywhere near the same kind of price explosion that we did between 2016 and 2018, the question now is whether or not investors are looking at the bottom.

If so, there’s only one place for the price to go from here.

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You'll also get our free report, Cobalt is the Least Discussed Commodity Ever

Cobalt Forecast 2020: Risk, Reward, and Redemption

Are you willing to bet on the DRC’s stability for the next decade?

Me neither.

You see, some of that supply increase out of the DRC was from artisanal mines.

Both of us know full well the tragic story behind production from these mines. We’ve talked before about the blood metal curse attached to cobalt; it wouldn’t take much for a public outcry at this outrage for big companies to avoid them.

Apple has already stated its goal to only use ethical cobalt.

Where does this leave investors?

The true winners in the cobalt market will be long-term investors that capitalize on the current price conditions.

Another potentially bigger winner in the cobalt space could be right here in North America. As you know, the United States relies heavily on foreign imports to meet its current need for cobalt.

In fact, the Department of the Interior published a list of 35 mineral commodities in 2018 that it deemed critical to the economic and national security of the U.S.

Now consider that we import roughly 75% of our cobalt, most of which comes directly from China.

This has spurred the government into action, with President Trump announcing this past June that his administration will accelerate the development of projects on federal lands targeting these critical minerals.

You're going to want to keep an eye on this one.

Stay tuned.

Until next time,

Keith Kohl Signature

Keith Kohl

[waldron] 09/10/2019 17:27

Price (GBX) 224.85 Var % (+/-) +0.42% (Up +0.95)
High 227.15 Low 223.10
Volume 33,623,719 Last close 224.85 on 09-Oct-2019


RNS Number : 3551P

Glencore PLC

09 October 2019

Transactions in own shares

Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited.


Date of purchase: 09 October 2019
Aggregate number of ordinary shares of USD
0.01 each purchased: 3,441,497

[waldron] 09/10/2019 16:53

Iron Ore 91.59 USD -1.94(-2.12%)
Gold COMEX 1,512.50 +0.57%
Silver COMEX 17.79 +0.48%
Platinum NYMEX 898.80 +0.98%
Copper COMEX 2.57 -0.14%
Brent Crude Oil NYMEX 59.17 +1.60%
Gasoline NYMEX 1.61 +1.66%
Natural Gas NYMEX 2.47 -1.04%
(WTI) 53.64 USD +2.39%


Rio Tinto
4,018.5 -0.20%

Bhp
1,661.6 -0.59%

Anglo American
1,850 +1.85%

Glencore
224.85 +0.42%

[ariane] 09/10/2019 14:42

SYDNEY -- Global miners have spent years trying to shrink their carbon footprint. Now they face the threat of lost business if they don't help customers do the same.

An Australian regulator recently told Peabody Energy Corp. and Glencore PLC they couldn't export coal from a new mine to countries that haven't signed the Paris climate agreement. Two other Australian coal projects were scuttled this year, partly out of concern about greenhouse-gas emissions overseas.

Investors, too, are growing inquisitive about miners' records on customer emissions -- partly out of fear about potential liability. Miners are responding by increasing carbon-impact disclosure, forming alliances with buyers and investing in technology to cut emissions from steel mills and power plants.

BHP Group Ltd. said its scope 3 emissions -- pollution mostly created when customers transport and use the commodities it produces -- are almost 40 times greater than those generated at its own operations.

"We recognize that we must work with our suppliers, customers and others to reduce these emissions across the value chain to protect demand for our products," said Geoff Healy, chief external affairs officer at BHP, the world's largest mining company by market value.

In the oil industry, facing similar pressures, there is friction among large companies over whether to commit to reducing greenhouse-gas emissions from products such as gasoline -- in big part because emissions vary hugely depending on the vehicle.

"Saying you won't buy from someone is relatively easy. Saying you won't sell to someone is really hard," said Paul Mitchell, Ernst & Young's global mining and metals leader. "But if we ignore societal expectations, we do it at our peril."

It is almost inevitable that miners' scope 3 emissions will be regulated in some way in the future, said Mr. Mitchell, who advises companies on such issues. The mining sector's carbon footprint made its debut in fourth place on an annual EY industry survey of business risks published this month.

Taking action on emissions requires miners to work closely with China, the world's top buyer of iron ore and burner of coal. While China is committed to the Paris accord -- and authorities are pressing the phaseout of old factories and imposing stricter emissions standards for vehicles -- the economy remains dominated by state-owned giants that are often inefficient and hard to influence.

Miners' experience in Australia illustrates what increased regulation could involve. The approval recently given for the Peabody-Glencore United Wambo coal mine came with a big condition: Some export markets must be blacklisted.

The Independent Planning Commission for New South Wales state insisted thermal coal from the project go only to places where the Paris climate agreement or other similarly tough greenhouse-gas targets are in effect. That could rule out Taiwan, which relies on coal for roughly one-third of its energy use.

"It may be a brave call by the commission, but it's gotten attention," said Debra Townsend, a partner at law firm King & Wood Mallesons.

The miners said spurned customers might turn to lower-quality supplies from elsewhere, adding to global pollution, but the regulator decided the need to appropriately manage greenhouse-gas emissions overrode that worry.

That decision is deeply concerning, a project spokesman said. New South Wales planning minister Rob Stokes said the state government is considering new guidelines or legislation to clarify how regulators treat scope 3 emissions.

Threats to miners' business go beyond pushback on new projects. Consumer brands could stop buying commodities they consider too dirty, experts say. Many are already innovating with recycled materials.

In July, BHP pledged to spend $400 million over five years to develop technologies that can reduce emissions both from its operations and its customers'.

"We won't stop at the mine gate," BHP Chief Executive Andrew Mackenzie said. "Use of emissions-intensive products from the resources industry have contributed significantly to global warming."

BHP plans next year to publish goals for addressing emissions. Rio Tinto PLC is also drawing up scenarios for decarbonizing the steel industry. Success could materially affect the value of its core iron-ore business, it said.

Meantime, miners are touting their role in the shift to a low-carbon economy by producing commodities such as copper and nickel for wind turbines and electric vehicles.

On Sept. 25, Rio Tinto joined with China's biggest steelmaker, China Baowu Steel Group Corp., and Beijing's Tsinghua University on a venture to explore ways to reduce the carbon footprint of the steel industry -- which accounts for up to 9% of direct emissions from fossil fuel use, according to the World Steel Association, an industry body.

Rio Tinto is part of a group aiming to improve sustainability in the aluminum sector a9nd last year joined with Alcoa Corp. and customer Apple Inc. to develop a carbon-free smelting method.

Those alliances attracted interest from China's steel-industry association in a meeting with Rio Tinto in Beijing in August. "We said we should do the same for the steel supply chain from the Pilbara to Shanghai and other regions of China," Rio Tinto Chief Executive Jean-Sébastien Jacques said. "Now the real work will start."

Write to Rhiannon Hoyle at [e-mail]



(END) Dow Jones Newswires

October 09, 2019 09:12 ET (13:12 GMT)

[florenceorbis] 09/10/2019 10:17

Rio Tinto PLC Bank of America Merrill Lynch Underperform Reiterates

Glencore PLC Bank of America Merrill Lynch Neutral 250.00 - Reiterates

Anglo American PLCBank of America Merrill Lynch Buy 3,100.00 -Reiterates

[waldron] 08/10/2019 17:47

8 October 2019

Transactions in own shares

Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited.


Date of purchase: 08 October 2019
Aggregate number of ordinary shares of USD
0.01 each purchased: 3,342,440

[waldron] 08/10/2019 17:45

Price (GBX) 223.90 Var % (+/-) -0.49% (Down -1.10)
High 228.50 Low 223.40
Volume 30,067,418 Last close 223.90 on 08-Oct-2019

[waldron] 08/10/2019 17:23

Iron Ore 93.53 USD 0.98(1.05%)
Gold COMEX 1,507.20 +0.19%
Silver COMEX 17.71 +0.97%
Platinum NYMEX 887.50 -0.09%
Copper COMEX 2.57 -0.41%
Brent Crude Oil NYMEX 57.98 -0.63%
Gasoline NYMEX 1.57 +0.06%
Natural Gas NYMEX 2.49 -0.28%
(WTI) 52.3 USD -1.28%

Rio Tinto
4,026.5 -0.69%

Bhp
1,671.4 -0.88%

Anglo American
1,816.4 -0.91%

Glencore
223.9 -0.49%

[florenceorbis] 08/10/2019 07:01

RBC Capital Markets Sector Performer 310.00 - Reiterates