Glencore Share Discussion Threads

[grupo] 17/5/2020 08:28

5/15/2020 | 06:12pm BST
The London Stock Exchange Group offices are seen in the City of London, Britain

By Shreyashi Sanyal

London stocks closed higher on Friday, as a jump in China's factory output for the first time in 2020 powered resource companies, but the benchmark indices ended the week lower as fears of the economic fall-out of the coronavirus weighed.

The commodity-heavy FTSE 100 was up 1%, with miners including Rio Tinto, Glencore and BHP Group providing the biggest boosts, while oil major Royal Dutch Shell rose 2%. [O/R] [MET/L]

The mid-cap FTSE 250 also rose 1.7% as data showed China's industrial production climbed a faster-than-expected 3.9% in April as the country returned to work after months of coronavirus-induced lockdowns.

Still, both the indices logged their first weekly fall in three as millions of job losses globally and growing U.S.-China tensions crush consumer demand. U.S. President Donald Trump said on Thursday he had no interest in speaking to his Chinese counterpart right now.

[waldron] 15/5/2020 17:34

Iron Ore 89.50 + 0.76(0.85%)
Gold COMEX 1,758.00 +0.98%
Silver COMEX 17.00 +5.22%
Platinum NYMEX 816.10 +5.30%
Copper COMEX 2.34 -0.47%
Brent Crude Oil NYMEX 32.14 +2.32%
Gasoline NYMEX 0.97 +3.81%
Natural Gas NYMEX 1.87 +0.11%
WTI 29.167 USD +4.00%


FTSE 100
5,799.77 +1.01%
Dow Jones
23,528.07 -0.41%
CAC 40
4,277.63 +0.11%
SBF 120
3,397.7 +0.35%
Euro STOXX 50
2,770.7 +0.59%
DAX
10,465.17 +1.24%
Ftse Mib
16,885.45 +0.10%


Rio Tinto
3,922 +4.39%



Bhp
1,413.2 +4.28%


Anglo American
1,433.8 +5.10%



Glencore
141.28 +3.50%

[waldron] 14/5/2020 17:03

Iron Ore 85.78-2.57(-3.00%)
Gold COMEX 1,741.20 +1.44%
Silver COMEX 16.06 +2.48%
Platinum NYMEX 772.20 +0.31%
Copper COMEX 2.34 -0.19%
Brent Crude Oil NYMEX 30.12 +3.19%
Gasoline NYMEX 0.92 +3.77%
Natural Gas NYMEX 1.92 +1.75%
WTI 26.709 USD +2.61%


FTSE 100
5,741.54 -2.75%
Dow Jones
23,175.82 -0.31%
CAC 40
4,273.13 -1.65%
SBF 120
3,385.9 -1.77%
Euro STOXX 50
2,754.52 -1.96%
DAX
10,337.02 -1.95%
Ftse Mib
16,844.15 -1.97%


Rio Tinto
3,757 +0.71%


Bhp
1,355.2 +0.82%



Anglo American
1,364.2 -0.97%



Glencore
136.5 -1.42%

[florenceorbis] 14/5/2020 10:17

GLEN Deutsche Bank Buy 220.00 - Reiterates

[growthpotential] 13/5/2020 23:24

Right, so they are the guys who buy high, sell low haha

[waldron] 13/5/2020 17:23

Iron Ore 88.35 +0.54(0.61%)
Gold COMEX 1,716.90 +0.59%
Silver COMEX 15.67 -0.25%
Platinum NYMEX 771.60 -0.75%
Copper COMEX 2.35 -0.36%
Brent Crude Oil NYMEX 29.68 -1.00%
Gasoline NYMEX 0.90 -3.89%
Natural Gas NYMEX 1.89 -3.82%
WTI 25.971 USD +0.72%


FTSE 100
5,904.05 -1.51%
Dow Jones
23,279.14 -2.04%
CAC 40
4,344.95 -2.85%
SBF 120
3,446.94 -2.72%
Euro STOXX 50
2,810.55 -2.72%
DAX
10,542.66 -2.56%
Ftse Mib
17,190.32 -2.10%



Rio Tinto
3,730.5 +0.46%

Bhp
1,344.2 -0.72%


Anglo American
1,377.6 -4.23%


Glencore
138.46 -6.09%

[the grumpy old men] 13/5/2020 10:13

Production of minerals used in clean energy expected to skyrocket by 2050

MiningIndustrial Minerals

By Andrew Fawthrop 13 May 2020

The World Bank estimates production of critical minerals used in the clean energy transition will increase 500% by 2050 to meet demand for new technologies
Glencore Murrin Murrin nickel cobalt mining project

Glencore's Murrin Murrin cobalt and nickel project in Australia (Credit: Glencore)

Production of the critical minerals used in clean energy technologies could grow almost 500% by 2050 according to the World Bank.

With the global energy industry poised to undergo a huge transition to low-carbon technologies, the demand for commodities such as lithium, cobalt and graphite – key ingredients in solar, wind and battery storage components – is primed to skyrocket.

The international lender estimates more than three billion tonnes of these materials will need to be pulled from the ground to keep pace with the expected growth in renewable power, as economies and industries set new ambitions to achieve carbon neutrality in line with the Paris Agreement.


Low-carbon transition will drive demand for minerals used in clean energy

Despite the challenges currently presented by coronavirus, which have disrupted energy sectors and slowed some mining activity as a result of global lockdown measures and demand shocks, the financial institution suggests resource-rich developing economies hard-hit by the pandemic’s financial impact will be able to benefit from the impending demand surge.

Its latest report highlights the need, however, for governments and corporate institutions to follow sustainable principles – a “radically-different, climate-smart approach” – when producing these key minerals, to avoid amplifying emissions when sourcing the ingredients for low-carbon technologies.

World Bank director for energy and extractive industries Riccardo Puliti said: “Ambitious climate action will bring significant demand for minerals. Limiting global warming to at or below 1.5C to 2C, to realise a low-carbon future, requires a large-scale transition to clean energy.

“Manufacturing solar panels, wind turbines, and batteries will shape the supply and demand for critical minerals for the foreseeable future. Doing so will have significant implications for a wide variety of industries and for mineral-rich developing countries.

“These countries stand to benefit from the rise in demand for minerals but also need to manage the material and climate footprints associated with increased mining activities.”


Materials recycling will play an important role

While production levels of these minerals needed to support the clean energy transition will need to be scaled up dramatically over the coming decades, the World Bank also recommends greater focus on recycling and reuse of metals such as copper and aluminium.

Doing so will form a “vital” part of the transition and keeping the carbon footprint of future mineral extraction to a minimum, although policy measures will be needed to incentivise more action in this area.

The report states: “Future increases in recycling rates can play an important role in mitigating increases in demand for raw materials, as can reuse of components for energy storage technologies, such as lithium-ion batteries, and refurbishment of equipment, such as wind turbines.”


Critical mineral demand can boost developing economies after Covid-19, but sustainability must be a priority

Many of these sought-after minerals are deposited in regions with developing economies, such as Africa and South America – places where the mining industry has had a sometimes-chequered relationship with environmental standards.

Numerous global initiatives have made efforts to promote greater transparency and social responsibility in places where strict government regulations are sometimes lacking, and the World Bank report recommends renewed emphasis on sustainability issues as these regions emerge from the pandemic looking to generate revenues from their mineral wealth.

Puliti said: “Covid-19 could represent an additional risk to sustainable mining, making the commitment of governments and companies to climate-smart practices more important than ever before.”

And according to the Minerals for Climate Action report: “Limiting greenhouse gas emissions throughout the clean energy technology supply chain could offer double wins, helping boost economic growth as well as reducing climate and environmental risks in resource-rich developing countries that are positioned to supply these minerals.

“If, however, the mitigation of emissions and other potentially-harmful environmental and social effects are not achieved from increased mineral production, there is a risk that clean energy technologies may not maintain the same level of support they have today for climate action.

“It is vital that the production and disposal of these technologies do not come at the expense of people and the environment.”

[iammrweald] 13/5/2020 09:15

Bounced off support again.good.

[waldron] 12/5/2020 17:15

Iron Ore 87.8 +11.12(1.28%)
Gold COMEX 1,711.20 +0.78%
Silver COMEX 15.80 +0.77%
Platinum NYMEX 779.70 -0.20%
Copper COMEX 2.37 -0.50%
Brent Crude Oil NYMEX 30.07 +1.48%
Gasoline NYMEX 0.93 -1.02%
Natural Gas NYMEX 2.00 -4.03%
WTI 6.091 USD +2.68%


FTSE 100
5,994.77 +0.93%
Dow Jones
24,212.15 -0.04%
CAC 40
4,472.5 -0.39%
SBF 120
3,543.38 -0.38%
Euro STOXX 50
2,884.2 +0.02%
DAX
10,819.5 -0.05%
Ftse Mib
17,560.28 +1.03%



Rio Tinto
3,713.5 +1.08%


Bhp
1,354 +0.24%


Anglo American
1,438.4 +0.77%


Glencore
147.44 -0.51%

[twixy] 12/5/2020 17:09

Not sure the piece about the dividend cut is accurate; I believe the decision has yet to be made?

[milliethedog] 12/5/2020 16:19

Mining for profits

The share price for Glencore (LSE: GLEN) is at levels not seen since 2016. The first quarter of this year has proved tough for the global commodity firm. Having to close mines around the world on a temporary basis due to the virus has impacted revenues on that side of operations. The volatile oil price has also made it hard for Glencore to maximize efficiency.

I think for a growth stock the firm is an attractive buy right now. The impact of mine closures is temporary, and is not a fundamental, long-term cause of concern. The cuts in capital expenditure and upcoming dividend payout should help cash flow in the short term. The dividend cut is a saving of $2.6bn alone. In turn, this should increase longer-term profitability (key for long-term growth investors).

With a price-to-earnings ratio around eight, the stock looks undervalued compared to the FTSE 100 average of around 13. This does look to be a nice setup for value investors, although the recent dividend cut makes it one to avoid for those solely looking for short-term income.

[waldron] 11/5/2020 17:03

Iron Ore 86.69-0.15(-0.17%)
Gold COMEX 1,696.40 -1.02%
Silver COMEX 15.60 -1.13%
Platinum NYMEX 778.70 -1.34%
Copper COMEX 2.37 -1.41%
Brent Crude Oil NYMEX 29.98 -3.20%
Gasoline NYMEX 0.95 -1.11%
Natural Gas NYMEX 2.09 +0.39%
WTI 25.554 USD -1.00%


FTSE 100
5,939.73 +0.06%
Dow Jones
24,178.81 -0.63%
CAC 40
4,490.22 -1.31%
SBF 120
3,556.78 -1.33%
Euro STOXX 50
2,883.6 -0.87%
DAX
10,824.99 -0.73%
Ftse Mib
17,388.29 -0.29%



Rio Tinto
3,674 -1.38%



Bhp
1,350.8 -1.87%



Anglo American
1,427.4 -2.70%


Glencore
148.2 +0.01%

[adrian j boris] 11/5/2020 09:34

RIO Barclays Capital Underweight 3,200.00 - Reiterates

KAZ Barclays Capital Overweight 600.00 - Reiterates

GLEN Barclays Capital Overweight 220.00 - Reiterates

FRES Barclays Capital Equal weight up from 600.00 to 681.00 Reiterates

BHP Barclays Capital Overweight 1,550.00 - Reiterates

ANTO Barclays Capital Underweight 740.00 - Reiterates

AAL Barclays Capital Overweight 2,400.00 - Reiterates

[waldron] 10/5/2020 11:55

This site believes that if all goes well,it might be worth more than double its current market sp

[waldron] 10/5/2020 11:52

Strengths

The stock, which is currently worth 2020 to 0.28 times its sales, is clearly overvalued in comparison with peers.

The company is one of the best yield companies with high dividend expectations.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Weaknesses

With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.

Low profitability weakens the company.

Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

The company benefits from high valuations in earnings multiples.

The sales outlook for the group was lowered in the last twelve months.

This change in forecast points out a decline in activity as well as pessimistic analyses of the company.

For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.

Analysts covering the stock have recently lowered their earnings forecast.

For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.

For the last 12 months, analysts have been regularly downgrading their EPS expectations.

Analysts predict worse results for the company against their predictions a year ago.

Below the resistance at 181.75 GBp, the stock shows a negative configuration when looking looking at the weekly chart.

[sarkasm] 10/5/2020 11:24

FAILING EYESIGHT O WISE ONE RAMPER

I DO HOLD GLEN IN MY PORTFOLIO AND CERTAINLY WOULD LOVE TO SEE IT RISE TO YOUR OPTIMISTIC LEVELS

BUT NOT FOR SOMETIME ME THINKS

[watfordhornet] 10/5/2020 11:20

Why the capitals BTW?

[watfordhornet] 10/5/2020 11:19

Why do you think the share price begins with a 1. If it was not for all of that the share price would likely be starting with at least a 2 if not a 3 even with COVID

[sarkasm] 10/5/2020 10:47

THE THING PUTTING ME OFF BUYING MORE AT PRESENT IS THE DIVI REDUCTION AND
THE SCANDALS,COURT CASES,POTENTIAL FINES AND PENALTIES STILL PENDING

[dennisbergkamp] 10/5/2020 10:17

Seems undervalued - I’ll buy

Don’t see it moving too quickly back to “norms” But will move positively as operations seem to be Coming back fairly quickly

D

[waldron] 08/5/2020 15:27

Merafe and Glencore to keep most of their smelters in mothballs
The Glencore-Merafe Chrome Venture has restarted operations at its Lion smelter, but others remain shut
08 May 2020 - 09:39 karl gernetzky
A worker is seen performing duties in one of Glencore-Merafe Chrome Venture's operations.. Picture: GLENCORE OPERATIONS SA
A worker is seen performing duties in one of Glencore-Merafe Chrome Venture's operations.. Picture: GLENCORE OPERATIONS SA

The Glencore-Merafe Chrome Venture intends to keep the bulk of their smelters in care and maintenance, citing an uncertain global economic environment.

“The venture’s Boshoek, Rustenburg, Wonderkop, Lydenburg smelters and Kroondal mine will remain under care and maintenance,” Merafe said. The venture had restarted operations at the Lion smelter and Eastern Chrome mines.

“The decision to restart these operations will be kept under review and is subject to an improvement in the macroeconomic environment, which was challenging even before the impact of Covid-19.”

Merafe Resources holds a 20.5% stake in the venture, from which the company derives most of its earnings, while Glencore holds the remaining 79.5%.
PUBLICITÉ

This includes five ferrochrome smelters, 22 ferrochrome furnaces, five chrome ore mines and six plants, in three provinces.

In January, the venture said it was restructuring its Rustenburg chrome smelter, one of SA’s largest, due to the state of the global market as well as power interruptions and price increases from state-owned electricity monopoly Eskom.

Merafe’s share was unchanged at 43c in morning trade on Friday, having halved so far in 2020. Glencore’s share had added 2.44% to R34.91, having lost 19.53% in the year to date.

With Lisa Steyn

[e-mail]

[waldron] 07/5/2020 17:26

Iron Ore 85.93 + 2.64(3.07%)
Gold COMEX 1,715.60 +1.60%
Silver COMEX 15.45 +2.90%
Platinum NYMEX 779.00 +1.76%
Copper COMEX 2.38 +1.41%
Brent Crude Oil NYMEX 30.62 +3.03%
Gasoline NYMEX 0.95 +6.74%
Natural Gas NYMEX 2.16 -0.74%
WTI 26.508 USD +4.03%

FTSE 100
5,935.98 +1.40%
Dow Jones
24,089.78 +1.80%
CAC 40
4,501.44 +1.54%
SBF 120
3,559.89 +1.45%
Euro STOXX 50
2,880.6 +1.27%
DAX
10,759.27 +1.44%
Ftse Mib
17,208.81 +0.29%


Rio Tinto
3,725.5 +3.37%


Bhp
1,376.6 +2.93%



Anglo American
1,467 +7.02%



Glencore
148.18 +2.29%