Glencore Share Discussion Threads

[waldron] 24/1/2020 17:09

Iron Ore 94.35USD -0.05(-0.05%)
Gold COMEX 1,572.90 +0.48%
Silver COMEX 18.07 +1.35%
Platinum NYMEX 1,010.20 +0.29%
Copper COMEX 2.69 -1.47%
Brent Crude Oil NYMEX 60.52 -2.45%
Gasoline NYMEX 1.53 -2.98%
Natural Gas NYMEX 1.87 -1.73%
WTI 54.13 USD -2.71%

Rio Tinto
4,438.5 +0.28%

Bhp
1,779 +0.14%

Anglo American
2,132 +0.85%

Glencore
230.55 +1.05%

[waldron] 23/1/2020 17:02

Iron Ore 94.40USD -0.36(-0.38%)
Gold COMEX 1,563.80 +0.46%
Silver COMEX 17.81 -0.10%
Platinum NYMEX 1,004.60 -1.64%
Copper COMEX 2.71 -1.88%
Brent Crude Oil NYMEX 61.94 -2.01%
Gasoline NYMEX 1.57 -1.33%
Natural Gas NYMEX 1.91 +0.58%
WTI 55.58 USD -0.94%


Rio Tinto
4,426 -3.86%

Bhp
1,776.6 -2.67%

Anglo American
2,114 -3.47%

Glencore
228.15 -2.96%

[waldron] 22/1/2020 17:02

Iron Ore 94.76USD -0.04(-0.04%)
Gold COMEX 1,555.70 -0.31%
Silver COMEX 17.80 -1.47%
Platinum NYMEX 1,019.70 +1.21%
Copper COMEX 2.77 -2.74%
Brent Crude Oil NYMEX 63.20 -2.15%
Gasoline NYMEX 1.60 -3.09%
Natural Gas NYMEX 1.91 +1.32%
WTI 56.86 USD -2.44%



Rio Tinto
4,603.5 -0.11%

Bhp
1,825.4 +0.51%

Anglo American
2,190 -0.45%

Glencore
235.1 -1.22%

[waldron] 22/1/2020 16:05

DylanShares
22 Jan '20 - 15:34 - 1978 of 1978
0 0 0
Jasp 3 - They've had some bad press lately and a few things got paused. They've signed a few big deals for things to come and may make a deal with Tesla (the stock of insane growth) I got in at £2.58 and I don't think getting out at £8 within a few years is entirely unreasonable if... they do take the deal, resume some operations and perform well in the next few quarters.



has a good breakdown too.

[dylanshares] 22/1/2020 15:34

Jasp 3 - They've had some bad press lately and a few things got paused. They've signed a few big deals for things to come and may make a deal with Tesla (the stock of insane growth) I got in at £2.58 and I don't think getting out at £8 within a few years is entirely unreasonable if... they do take the deal, resume some operations and perform well in the next few quarters.
hxxps://simplywall.st/stocks/gb/materials/lse-glen/glencore-shares has a good breakdown too.

[waldron] 22/1/2020 15:26

Price (GBX) 234.10 Var % (+/-) -1.64% (Down -3.90)

High 239.10 Low 232.85

Volume 19,339,298 Last close 238.00 on 21-Jan-2020

Bid 234.05 Offer 234.10

Trading status Regular Trading Special conditions NONE

[waldron] 22/1/2020 15:10

Welcome new boys to the hood

we are at 6s and 7s until court cases,penalties, fines and scandals cease


Likely donward trend until

feb/04 Sales and Revenue Release









Seems to be stuck in the 220 to 260p BOX at present

[jasp3] 22/1/2020 15:05

Why do you say that Dylan - what's your key thoughts?

[dylanshares] 22/1/2020 13:13

I think this one is worth holding at least several months if you bought recently, quite a few signs pointing to a potentially very large increase.

[gibbs1] 22/1/2020 07:15

Glencore to market Senegal oil

Far Ltd is looking to secure an offtake agreement for its share of oil from the Sangomar development
22 January 2020 3:50 GMT Updated 22 January 2020 5:53 GMT
By Josh Lewis
in Perth

Australian junior Far Ltd has signed a binding memorandum of understanding with Glencore Energy for its share of crude from the Sangomar development off Senegal.

[waldron] 21/1/2020 17:01

Iron Ore 94.80 USD -0.01(-0.01%)
Gold COMEX 1,560.60 +0.02%
Silver COMEX 18.07 -0.04%
Platinum NYMEX 1,009.90 -1.28%
Copper COMEX 2.85 +0.05%
Brent Crude Oil NYMEX 64.72 -0.71%
Gasoline NYMEX 1.66 +0.53%
Natural Gas NYMEX 1.90 -1.20%
WTI 58.39 USD -0.53%

Rio Tinto
4,608.5 -1.46%

Bhp
1,816.2 -1.36%

Anglo American
2,200 -1.81%

Glencore
238 -1.57%

[florenceorbis] 21/1/2020 09:00

Goldman Sachs goes from hold to buy by targeting 280 GBp.

[waldron] 20/1/2020 17:16

Iron Ore 94.15 USD -0.66(-0.70%)
Gold COMEX 1,560.90 +0.04%
Silver COMEX 18.07 -0.02%
Platinum NYMEX 1,024.50 -0.03%
Copper COMEX 2.84 -0.16%
Brent Crude Oil NYMEX 65.21 +0.56%
Gasoline NYMEX 1.66 +0.08%
Natural Gas NYMEX 1.92 -3.48%
WTI 58.77 USD -0.78%


Rio Tinto
4,677 +0.56%

Bhp
1,841.2 -0.56%

Anglo American
2,240.5 -0.22%

Glencore
241.8 -0.58%

[florenceorbis] 20/1/2020 07:59

Glencore, Merafe Initiate Consultation Process For Rustenburg Smelter

Mon, 20th Jan 2020 07:45
Alliance News

(Alliance News) - Glencore PLC and Merafe Resources Ltd on Monday confirmed the commencement of a consultation process for the Rustenburg ferrochrome smelter in South Africa.

The smelter is part of the Glencore-Merafe chrome venture, in which commodities trader Glencore holds an 80% stake, and chrome producer Merafe the remainder.

The consultation process is being conducted under section 189 and 189a of the Labour Relations Act, which deals with the potential dismissal of one or more employees based on "operational requirements".

Both companies also confirmed that it has issued a written notice to all employees at the smelter.

The consultation process is a result of deteriorating operations and market conditions in the South African ferrochrome industry, including unsustainable electricity tariffs and interruptions, as well as real cost inflation.

These factors have led to the displacement of substantial volumes of ferrochrome production, to lower cost competitors outside of South Africa.

As a result, the Rustenburg Smelter has reported material financial losses, which is expected to continue in the future.

As part of the process, Glencore and Merafe have applied for the appointment of a facilitator from the Commission for Conciliation, Mediation and Arbitration, to assist both companies during the process.

Shares in Baar-based Glencore were down 0.2% at ZAR46.00 in Johannesburg, while Bryanston-based Merafe's shares were 2.5% lower at ZAR0.78 on Monday.

By Dayo Laniyan; [e-mail]

[maywillow] 18/1/2020 08:39

YOU SHOULD KNOW THAT OUR GLEN IS A MINER AND TRADER AND NOT A MANUFACURER OF BATTERIES

WHATEVER NEXT

HAVE A GREAT WEEKEND


Business Summary

Glencore specializes in producing and distributing metals, minerals and petroleum products products, primarily for the automotive, steel, and food-processing industries. The group also offers logistical, supply, and financing services. Net sales break down by family of products as follows:

- oil products, coke and coal (62.5%);

- metals and minerals (37.5%): aluminum, zinc, copper, alumina, iron alloys, nickel, cobalt, etc.

Net sales are distributed geographically as follows: Europe (34.6%), Asia (43.1%), Americas (16.8%), Oceania (3.1%) and Africa (2.4%).

Number of employees : 158 000 people.



BULLSVBEARS
17 Jan '20 - 20:58 - 1966 of 1968
0 0 0
re post 1961 and (duplicate 1964)


Furthermore, the company is also looking to reduce the amount of cobalt needed in its battery cells.

[bullsvbears] 17/1/2020 20:58

re post 1961 and (duplicate 1964)


Furthermore, the company is also looking to reduce the amount of cobalt needed in its battery cells.


Is it really the case that Glencore actually is a battery manufacturer?

I note that the said post(s) referred to above no longer contain the references which I queried.

[waldron] 17/1/2020 18:18

Iron Ore 94.81USD 0.26(0.27%)
Gold COMEX 1,560.10 +0.62%
Silver COMEX 18.08 +0.79%
Platinum NYMEX 1,024.10 +2.29%
Copper COMEX 2.84 -0.09%
Brent Crude Oil NYMEX 64.65 +0.05%
Gasoline NYMEX 1.65 -0.80%
Natural Gas NYMEX 1.99 -2.98%
(WTI) 58.49 USD -0.19%

Rio Tinto
4,651 +2.75%

Bhp
1,851.6 +2.30%

Anglo American
2,245.5 +3.22%

Glencore
243.2 +0.48%

SO WE END THE WEEK IN THE 220 to 250p BOX

[gibbs1] 17/1/2020 12:28

moneyweek


Commodities look cheap
Gold may be on a bull run, but industrial commodities, including copper, zinc and aluminium, remain cheap.
by: Alex Rankine
17 Jan 2020

Gold surged to a seven-year high earlier this month. Yet many industrial metals proved “laggards̶1; in 2019, says Myra Saefong in Barron’s. Copper gained just 3.5% in 2019. Aluminium and zinc prices declined. Weakness in global manufacturing means that industrial metals were “left out of the commodities rally”.
Time to catch up?

“There are plenty of expensive assets in the world today,” says Rana Foroohar in the Financial Times, but most industrial commodities have remained “reliably cheap”. Indeed, they are “about as cheap relative to stocks as they have been in the past century”.

[florenceorbis] 17/1/2020 09:02

Deutsche Bank Buy 275.00