Glencore Share Discussion Threads

[rvsy2] 16/1/2020 07:50

Readers may be interested that the rapid growth in use of electric motors in electric vehicles and wind turbines has increased the demand for the rare earth metals neodymium and praseodymium which are used to produce the super strength magnets in these motors.

China dominates the supply of rare earth metals but an Australian company Pensana Metals ( listed as PM8 on the ASX ) is finalising a definitive feasibility study of a rare earths mine and concentrator project in Angola. Pensana Metals is planning to list on the main market in London in early February as Pensana Rare Earths UK. I have a financial interest in the Australian listed company.

[losses] 16/1/2020 07:44

Glencore PLC is in talks for a long-term cobalt shipping contract for Tesla Inc's new electric car factory in Shanghai, China, Bloomberg

[waldron] 15/1/2020 17:07

Iron Ore 94.59 USD -0.24(-0.25%)
Gold COMEX 1,550.70 +0.39%
Silver COMEX 17.96 +1.23%
Platinum NYMEX 1,019.30 +3.24%
Copper COMEX 2.86 -0.57%
Brent Crude Oil NYMEX 64.05 -0.68%
Gasoline NYMEX 1.65 -0.68%
Natural Gas NYMEX 2.09 -2.74%
(WTI) 57.78 USD -0.50%


Rio Tinto
4,523 -0.48%

Bhp
1,801.4 -0.30%

Anglo American
2,161.5 -0.51%

Glencore
241.35 -0.54%

[florenceorbis] 15/1/2020 09:55

Barclays Capital Overweight but down from 290.00 to 285.00 Reiterates

[waldron] 14/1/2020 17:12

Iron Ore 94.83USD 0.80(0.84%)
Gold COMEX 1,542.60 -0.52%
Silver COMEX 17.74 -1.45%
Platinum NYMEX 984.90 +0.29%
Copper COMEX 2.87 +0.14%
Brent Crude Oil NYMEX 64.86 +1.03%
Gasoline NYMEX 1.67 +0.52%
Natural Gas NYMEX 2.19 +1.53%
(WTI) 58.49 USD +0.67%


Rio Tinto
4,545 -0.22%

Bhp
1,806.8 +0.12%

Anglo American
2,172.5 -0.59%

Glencore
242.65 +0.14%

[gxgxx] 14/1/2020 12:13

Glencore PLC (LON:GLEN), Antofagasta PLC (LON:ANTO) and KAZ Minerals PLC (LON:KAZ) have all been all upgraded to ‘buy’ from ‘hold’ by analysts at Liberum Capital in a sector review due to their exposure to copper which could get a boost from a thawing in the US/China trade war.

The changes came as analysts at the broker raised their copper price forecast to US$3 per pound (lb) from US$2.70/lb for 2020, while the City consensus is US$2.78/lb.

[the grumpy old men] 14/1/2020 08:00

Production Report for the 12 months ended 31 December 2019


Tuesday, 4 February







Preliminary Annual Results 2019


Tuesday, 18 February

[gxgxx] 14/1/2020 07:25

BAAR, SWITZERLAND — Glencore Agriculture purchased a further 16.67% of Renova, an Argentinian supply chain and processing business, to become the majority owner with 66.67% of the company.

Glencore Agriculture purchased the share from its joint venture business partner, Vicentin.

David Mattiske, chief executive officer of Glencore Agriculture, said the company is pleased to increase its ownership and continue to support Argentinian agriculture.

“The Renova assets and the products produced fit well with our business and will enhance our ability to meet the needs of our customers around the world,” Mattiske said. “This is a long-term investment for us and we are very confident about the future of the agriculture industry in Argentina.”

Sergio Gancberg, regional director for South America for Glencore Agriculture, said Glencore Agriculture established the joint venture with Vicentin in 2006 and has continued investing in the business since then.

“The most recent investment was expanding the processing capacity of the Timbues crushing facility which was completed this year,” Gancberg said. “Through our majority ownership of Renova we will continue to provide an efficient and sustainable supply chain for the Argentinian industry and the region’s expanding production of soybeans and corn.”

Renova is a joint venture between Glencore Agriculture and Vicentin. Renova has several assets in Argentina, including a processing facility in Timbues.

The Timbues processing facility was constructed in 2012 and expanded in 2019. It has the capacity to crush 32,500 tonnes of soybeans per day. The plant has its own port facility and loads soybean oil, soybean meal and corn for export to destinations around the world.

Glencore Agriculture’s focus is in the origination, handling, processing and marketing of agricultural commodities and products, which includes operations in more than 35 countries and over 13,000 employees.

[waldron] 13/1/2020 17:30

Iron Ore 94.03 USD 0.47(0.50%)
Gold COMEX 1,551.00 -0.58%
Silver COMEX 18.02 -0.47%
Platinum NYMEX 978.50 -0.76%
Copper COMEX 2.86 +1.60%
Brent Crude Oil NYMEX 64.50 -0.74%
Gasoline NYMEX 1.65 -0.31%
Natural Gas NYMEX 2.14 -1.43%
(WTI) 58.47 USD -0.73%

Rio Tinto
4,555 +1.49%

Bhp
1,804.6 +1.27%

Anglo American
2,185.5 +0.95%

Glencore
242.3 +0.87%

[the grumpy old men] 11/1/2020 11:43

SMM Morning Comments (Jan 10)
Price Review & Forecast 09:40:39AM yesterday Source:SMM

SHANGHAI, Jan 10 (SMM) –

Copper: Copper prices pulled back overnight as the British pound slipped to a 1-1/2-week low on Brexit uncertainty. Three-month LME copper lost 0.4% on the day to close at $6,164/mt. The most active SHFE 2003 contract dipped 0.14% to end at 48,910 yuan/mt in overnight trading. Deescalating US-Iran tensions and strong US employment data are positive for copper. LME copper is expected to move between $6,160-6,210/mt today, with SHFE copper at 48,800-49,100 yuan/mt. A substantial easing in demand forced spot traders to offer discounts instead of premiums on Thursday, but the discounts were modest as sellers were comfortable with cash flows. Spot discounts are seen at 50-10 yuan/mt today.

Aluminium: Three-month LME aluminium rallied to an intraday high of $1,817/mt on Thursday, before it gave back much of those gains to close just 0.19% higher at $1,804/mt. It is likely to move at $1,790-1,820/mt today. An aggressive load-up of long positions lifted the SHFE 2003 contract overnight. SHFE aluminium is expected to trade between 14,000-14,100 yuan/mt today. Spot prices are seen at a discount of 20 yuan/mt to a premium of 20 yuan/mt over the SHFE 2001 contract.

Zinc: Three-month LME zinc retreated from a near-two-month high of $2,416/mt on Thursday, as data showed that zinc stocks across LME warehouses rose 1,200 mt on the day. It shed 1.09% on the day to end at $2,365/mt, and is expected to move between $2,340-2,380/mt today. The most traded SHFE 2002 contract eased 0.49% in overnight trading and ended at 18,325 yuan/mt. Pressure is stiff at 18,500 yuan/mt, while support lies at the upper Bollinger band and the 60-day moving average. A sharp narrowing in Shanghai spot premiums and potential profit-taking by miners and smelters are likely to weigh on SHFE zinc, which is expected to trade between 18,100-18,500 yuan/mt today. Spot premiums for domestic 0# Shuangyan are seen lower at 140-180 yuan/mt over the SHFE 2001 contract.

Nickel: Three-month LME nickel advanced 0.36% on Thursday to end at $14,120/mt, marking a fourth straight trading day of gains. Whether it could stand above the 40-day moving average at $14,100/mt will come under scrutiny today. The most traded SHFE 2003 contract hovered around the daily moving average at 111,700 yuan/mt overnight, and ended up 0.55% at 111,350 yuan/mt. Whether it could cling to the 112,000 yuan/mt level will come under scrutiny today.

Lead: Three-month LME lead rose to a two-week high of $1,946/mt on Thursday, before it eased to close the trading day 1.05% higher at $1,930.5/mt. LME lead has yet to shrug off its recent lows. The most active SHFE 2002 contract pared earlier gains to end 0.13% firmer at 14,960 yuan/mt overnight. The SHFE lead rally appeared to be running out of steam, and prices are likely to pull back given bearish fundamentals.

Tin: Three-month LME tin surged to a three-week high of $17,355/mt on Thursday, before it erased some gains to finish the trading day 0.44% stronger at $17,205/mt. Resistance is seen at $17,500/mt. The most traded SHFE 2006 contract hovered around the daily moving average at 137,600 yuan/mt for much of overnight trading. It declined shortly before the closing bell as longs exited. It ended overnight trading 0.54% firmer at 137,190 yuan/mt. Support is seen at the 10-day moving average at 135,800 yuan/mt.
Key Words: Morning comments Copper Aluminium Zinc Lead Nickel Tin
For queries, please contact Frank LIU at [e-mail]
For more information on how to access our research reports, please email [e-mail]

[waldron] 10/1/2020 17:45

Iron Ore 93.56 USD -0.01(-0.01%)
Gold COMEX 1,560.70 +0.41%
Silver COMEX 18.15 +1.17%
Platinum NYMEX 986.20 +1.46%
Copper COMEX 2.81 +0.18%
Brent Crude Oil NYMEX 65.29 -0.12%
Gasoline NYMEX 1.68 +0.90%
Natural Gas NYMEX 2.17 +1.02%
(WTI) 59.2 USD -0.54%


Rio Tinto
4,488 +0.83%

Bhp
1,782 +0.61%

Anglo American
2,165 +0.98%

Glencore
240.2 +0.73%

[the grumpy old men] 10/1/2020 08:36

PROACTIVEINVESTOR



Oliver Haill

12:05 Thu 09 Jan 2020

Follow Oliver on:
viewAnglo American plc
Anglo American and Glencore tipped by Deutsche as metals demand rebounds

Deutsche Bank analysts view copper as the “best positioned metal”, while aluminium and zinc prices are expected to remain rangebound, and iron ore prices “should remain supported” in the first half
Anglo American plc -
Copper demand should be supported by a backdrop of low inventories and tight mine supply

A rebound in demand for metals in 2020 should boost the mining sector, Deutsche Bank said as it rejigged its forecasts and target prices for giants Anglo American plc (LON:AAL), Glencore PLC (LON:GLEN), BHP Group (LON:BHP) and Rio Tinto plc (LON:RIO).

Following an extended period of destocking through the past 18 months, there should be a more supportive global environment, the German bank said in a note to clients on Thursday.
READ: Sirius Minerals' Yorkshire mine is a “decent” asset for Anglo American - Barclays

Seasonal trends are also expected to remain supportive through the first quarter and valuations “remain undemanding”.

Deutsche analysts view copper as the “best positioned metal” as a year of sluggish end demand is being followed by a recovery in demand against a backdrop of low inventories and tight mine supply.

Aluminium and zinc are expected to remain range bound as supply increases this year, while iron ore prices “should remain supported” in the first half due to a heavily destocked supply chain before a fade is anticipated towards $70 from midsummer as supply rebounds and demand slows.

Anglo and Glencore remain ‘buy’ rated and the analysts top picks, with the former offering a “compelling medium term growth and re-rating story”, while Glencore has been the laggard for two years in a row and was given a slightly higher target price of 275p, up from 270p.

Analysts do not expect an extension of the buybacks at either company, though Anglo expected to top up the ordinary dividend in 2019 via either a buyback or special dividends, as it enjoys low leverage but is looking to buy Sirius Minerals (LON:SXX).

Ratings for Rio and BHP were kept at ‘hold’ as their valuations are seen as being close to fair value.

For BHP though, the arrival of new CEO Mike Henry means “the evolution of BHP's strategy will be an interesting focus area through 2020” as he overseas a large pipeline of unsanctioned and often higher risk projects across petroleum, potash and copper.

[waldron] 09/1/2020 17:13

Iron Ore 93.57 USD -1.04(-1.11%)
Gold COMEX 1,550.60 -0.62%
Silver COMEX 17.90 -1.47%
Platinum NYMEX 973.60 +1.02%
Copper COMEX 2.80 -0.34%
Brent Crude Oil NYMEX 65.37 -0.11%
Gasoline NYMEX 1.65 -0.06%
Natural Gas NYMEX 2.14 +0.19%
(WTI) 59.35 USD -0.97%


Rio Tinto
4,451 -1.09%

Bhp
1,771.2 -2.04%

Anglo American
2,144 -0.42%

Glencore
238.45 -0.56%

[waldron] 08/1/2020 17:03

Iron Ore 94.61 USD 0.88(0.93%)
Gold COMEX 1,556.80 -1.11%
Silver COMEX 18.18 -1.16%
Platinum NYMEX 962.60 -0.93%
Copper COMEX 2.81 +0.47%
Brent Crude Oil NYMEX 65.52 -4.03%
Gasoline NYMEX 1.65 -4.09%
Natural Gas NYMEX 2.11 -1.90%
(WTI) 60.01 USD -7.51%

Rio Tinto
4,500 +1.35%

Bhp
1,808 +1.30%

Anglo American
2,153 -0.32%

Glencore
239.8 +1.18%

[sarkasm] 08/1/2020 10:03

UBS Buy up from 250.00 to 270.00 Upgrades

[sarkasm] 07/1/2020 23:06

Corporate event Date (all 2020)
========================================== =====================
Production Report for the 12 months ended Tuesday, 4 February
31 December 2019
=====================
Preliminary Annual Results 2019 Tuesday, 18 February
=====================
First Quarter Production Report Thursday, 30 April
=====================
Annual General Meeting Wednesday, 6 May
=====================
Half-Year Production Report Friday, 31 July
=====================
Half-Year Results Wednesday, 5 August
=====================
Third Quarter Production Report Friday, 30 October
=====================

[waldron] 07/1/2020 18:05

Iron Ore 93.73USD -0.12(-0.13%)
Gold COMEX 1,574.30 +0.35%
Silver COMEX 18.38 +1.08%
Platinum NYMEX 970.80 +0.48%
Copper COMEX 2.79 +0.05%
Brent Crude Oil NYMEX 67.88 -1.49%
Gasoline NYMEX 1.72 -1.88%
Natural Gas NYMEX 2.15 +0.75%
(WTI) 62.35 USD -0.95%


Rio Tinto
4,440 +0.23%


Bhp
1,784.8 +0.54%

Anglo American
2,160 +0.70%

Glencore
237 +0.30%

[waldron] 06/1/2020 17:14

Iron Ore 93.85USD 0.44(0.47%)
Gold COMEX 1,566.30 +0.90%
Silver COMEX 18.13 -0.12%
Platinum NYMEX 965.30 -2.52%
Copper COMEX 2.78 -0.13%
Brent Crude Oil NYMEX 68.87 +0.39%
Gasoline NYMEX 1.75 +0.26%
Natural Gas NYMEX 2.12 +0.52%
(WTI) 63.18 USD -0.97%

Rio Tinto
4,430 -1.64%

Bhp
1,775.2 -1.18%

Anglo American
2,145 -1.90%

Glencore
236.3 -2.21%

[waldron] 03/1/2020 18:15

Iron Ore 93.41USD 0.83(0.89%)
Gold COMEX 1,551.30 +1.52%
Silver COMEX 18.15 +0.58%
Platinum NYMEX 990.70 +0.58%
Copper COMEX 2.79 -1.42%
Brent Crude Oil NYMEX 68.20 +2.94%
Gasoline NYMEX 1.74 +2.09%
Natural Gas NYMEX 2.11 +0.62%
(WTI) 62.57 USD +2.37%

Rio Tinto
4,504 -0.50%

Bhp
1,796.4 +0.34%

Anglo American
2,186.5 -0.70%

Glencore
241.65 +0.25%

[waldron] 03/1/2020 17:58

Price (GBX) 241.65 Var % (+/-) +0.25% (Up +0.60)
High 241.75 Low 236.40
Volume 24,280,398 Last close 241.65 on 03-Jan-2020
Bid 241.30 Offer 241.40
Trading status Market Close Special conditions NONE

[waldron] 02/1/2020 17:20

Iron Ore 92.58USD 1.05(1.13%)
Gold COMEX 1,528.30 +0.34%
Silver COMEX 18.03 +0.61%
Platinum NYMEX 983.40 +0.57%
Copper COMEX 2.81 +0.29%
Brent Crude Oil NYMEX 65.87 -0.20%
Gasoline NYMEX 1.71 +0.92%
Natural Gas NYMEX 2.10 -2.69%
(WTI) 60.84 USD -0.83%


Rio Tinto
4,526.5 +0.52%

Bhp
1,790.4 +0.77%

Anglo American
2,202 +1.33%

Glencore
241.05 +2.42%

[waldron] 02/1/2020 13:15

Price (GBX) 242.95 Var % (+/-) +3.23% (Up +7.60)
High 244.00 Low 235.45
Volume 8,468,677 Last close 235.35 on 31-Dec-2019
Bid 242.90 Offer 243.00
Trading status Regular Trading Special conditions NONE

[waldron] 02/1/2020 13:12

Optimism over China-US deal brings mining to Europe
Glencore Plc (USOTC: GLNCY)
Intraday Stock Chart

Today: Thursday, January 2, 2020
More Glencore Plc Stock Market Charts


PARIS (Agefi-Dow Jones) - Mining stocks listed on European markets benefit from optimism regarding the Sino-American trade talks on Thursday after the President of the United States, Donald Trump, announced on Tuesday that the signing of the "phase 1" trade agreement with China would take place on January 15 at the White House. The easing of the monetary policy of the People's Bank of China (PBOC) is also giving a boost to this sector, which is very sensitive to the health of the Chinese economy. In Paris, Aperam gained 4%, ArcelorMittal 2.1% and Eramet 2%. In London, Anglo American takes 1.2%, Antofagasta 2.8%, BHP 1.4% and Glencore 3%. ([e-mail]) ed: LBO


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


January 02, 2020 06:21 ET (11:21 GMT)