Glencore Share Discussion Threads

[plat hunter] 01/9/2020 19:27

Take a look at JLP and SLP both kicking off cash and undervalued.

[imastu pidgitaswell] 01/9/2020 16:58

Waaaal, no gap, at least.

Bizarre day, here and elsewhere; not seen the FTSE so out of kilter with every other index for a long, long time - everything clobbered except mining shares, it feels.

Sold out of the lot, a little too soon, bought some back (a little too soon) and sold them all again at the close. I do like this share...

[imastu pidgitaswell] 01/9/2020 08:31

Interesting gap and trend break? September, back at desks, ah don't know.

All good though...

:-)

[waldron] 31/8/2020 09:54

cheers ajb

took market screener rather than LSE, WILL NOW EDIT

Changed from 169.16 to 169.18p


Price (GBX)
169.18 0.85% (1.42)

Open / Last close
169.20 / 169.18

High / Low
170.32 / 166.60

Bid / Offer
169.14 / 169.16

Special Condition: -
Trading Status: Market Close
FTSE 100
As at 31.08.20 09:35:00 - All data delayed at least 15 minutes

[adrian j boris] 31/8/2020 09:21

fwiw closung share price was 169.18p


take care

[waldron] 31/8/2020 08:07

THE WISH LIST GIVING BOXES,Supports and Resistences to determine channels and trends together with broker targets which might of course make you smile or and smirk


100 to 130p
130 to 160p

160 to 190p$$$$$$$$$$$$$WE ARE HERE$$$$$$$$$$$$$$$$$$$$$$ Jefferies target is 190p

190 to 220p JP Morgan has a target of 200p whereas Goldman SACHS and BARCAP have a 220p target

220 to 250p Deutsche Bank has a 240p target

250 to 280p
280 to 310p
310 to 340p

Resistence 179.50p
next support being 167.80p

June ends at 171.22p

july ends at 174.64p

August ends at 169.18p





30/10/2020 Glencore Third Quarter Production Report

[waldron] 29/8/2020 06:38

Business
One of the Brains Behind Tesla Found a New Way to Make Electric Cars Cheaper
What’s the secret to building a more affordable electric vehicle? JB Straubel has an answer. It starts with a pile of old cell phones.
JB Straubel is building a giant recycling operation in Nevada to lower the cost of batteries that power still-pricey electric cars.
By
| Photographs by Max Whittaker for The Wall Street Journal
Aug. 29, 2020 12:00 am ET

Share
Text

Almost every day old iPhones and other used personal electronics arrive by the truckload at a warehouse in Carson City, Nev., where workers crack them open, pull out their batteries and strip them for raw materials.

To JB Straubel, one of the brains behind Tesla Inc., that refuse holds the key to driving the electric car revolution forward—and making the vehicles affordable enough for everyone to own one.

Mr. Straubel, Tesla’s longtime chief technology officer, pioneered the lithium-ion battery powertrain design that helped propel the Silicon Valley company to what is now the highest valuation in the car industry. Since leaving Tesla about a year ago, he has been trying to solve a problem created by that success: Where to find all the nickel, cobalt and lithium needed to make the batteries that power Tesla’s cars and their growing list of rivals.

Extracting those materials from nature, through mining and other processes, is costly and difficult, and production is lagging far behind expected demand. Mr. Straubel’s company, Redwood Materials, is taking a different tack, quietly aiming to build the biggest car battery-recycling operation in the U.S. The 44-year-old is betting that he can perfect a fast and efficient way of collecting and repurposing those materials to disrupt the centuries-old mining industry.

“Forever the entire market has been dictated by the commodity price of these metals,” Mr. Straubel said in his first in-depth interview about his new venture since it was formed in 2017 while still at Tesla. “This is a chance to change that whole equation and to realize material cost savings in a way that short circuits

[waldron] 28/8/2020 17:18

Gold COMEX 1,979.60 +2.24%
Silver COMEX 27.87 +2.28%
Platinum NYMEX 943.80 +1.05%
Copper COMEX 3.02 +0.97%
Brent Crude Oil NYMEX 45.76 +0.26%
Gasoline NYMEX 1.24 +2.15%
Natural Gas NYMEX 2.67 -1.33%
WTI 43.008 USD +0.31%


FTSE 100
5,963.57 -0.61%
Dow Jones
28,590.06 +0.34%
CAC 40
5,002.94 -0.26%
SBF 120
3,958.23 -0.20%
Euro STOXX 50
3,315.54 -0.41%
DAX
13,033.2 -0.48%
Ftse Mib
19,862.38 +0.08%




Rio Tinto
4,635 +0.55%


Bhp
1,712.8 +0.59%



Anglo American
1,832.6 +1.60%



Glencore
169.18 +0.85%

[adrian j boris] 28/8/2020 11:55

Price (GBX)
169.44 1.00% (1.68)

Open / Last close
169.20 / 167.76

High / Low
170.32 / 166.60

Bid / Offer
169.36 / 169.46

Special Condition: -
Trading Status: Regular Trading
FTSE 100
As at 28.08.20 11:38:38 - All data delayed at least 15 minutes

[adrian j boris] 28/8/2020 11:52

sarkasm
27 Aug '20 - 09:48 - 2746 of 2748
0 14 0


Heres hoping the 168p support holds




sarky

yer still holding up well

[plat hunter] 28/8/2020 08:13

JLP will clear up here Waldron, go check it out.They took over the Glencores old Sable refinery and have retrofitted it for 25k of copper phosphate from from surface tailings.In the back pocket of the zam gov too.

[sarkasm] 27/8/2020 09:48

Heres hoping the 168p support holds

[sarkasm] 27/8/2020 09:46

Zambia Eyes Bigger Stake In Glencore Mines To Save Jobs - AFP

Wed, 26th Aug 2020 19:34
Alliance News

(Alliance News) - Zambia hopes to protect thousands of jobs in copper mines largely owned by global giant Glencore PLC by increasing its own stake, the country's mineral development minister told AFP on Wednesday.

Mines Minister Richard Musukwa said Glencore had agreed to the proposal to up the government's shareholding in its subsidiary Mopani Copper Mines from an existing 10%.

"We need to have more say in the running of Mopani... because we want to protect the jobs of our people," Musukwa told AFP by phone. "We want more shares."

In April MCM announced it was suspending operations at the mines for three months following a slump in the market and disruption caused by coronavirus.

Irritated by the decision, ministers threatened to suspend the company's operating license.

Meanwhile unions said the move would likely cost around 10,000 jobs.

Lusaka's existing 10% stake in MCM is held by its mining investment arm ZCCM-IH, .

Glencore controls 73.1% of MCM, which operates mines in the towns of Kitwe and Mufulira in the central Copperbelt province. The remainder is owned by another international investor, Canada-based First Quantum Minerals.  Â

source: AFP

[plat hunter] 26/8/2020 11:13

Dicey level this

[sarkasm] 26/8/2020 09:22

Zambia's ZCCM-IH in talks with Glencore over Mopani Copper Mines stake

08/25/2020 | 03:30pm BST
Glencore and Zambia's mining investment arm ZCCM-IH are in talks about ZCCM-IH acquiring additional shares in Glencore subsidiary Mopani Copper Mines, Glencore and Zambia's mines minister said on Tuesday.

ZCCM-IH holds a 10% stake in Mopani Copper Mines. Glencore is the majority owner with 73.1% and First Quantum Minerals owns 16.9%.

ZCCM-IH submitted an expression of interest to acquire additional shares in Mopani and Glencore responded favourably, Mines Minister Richard Musukwa told a media briefing on Tuesday.

"The government has constituted a team to liaise with ZCCM-IH for the negotiations with Glencore. Furthermore, ZCCM-IH is in the process of engaging a transaction advisor," Musukwa said.

Glencore said in a statement discussions with ZCCM-IH "and other shareholders" were progressing and further updates would be issued as appropriate.

Neither Musukwa nor Glencore said how many shares ZCCM-IH was looking to acquire.

Glencore's announcement in April that it planned to place Mopani on care and maintenance sparked a backlash from Zambia's government, which said it had not given enough notice and threatened to revoke the company's mining licences.

In May, Mopani said it would resume mining operations for 90 days but still expected to go into care and maintenance - a term for a temporary production halt during which a mine site is maintained ahead of an eventual restart.

On July 16 the company said it would appeal the mines ministry's decision to reject its proposal to suspend the operations.

The government is working closely with stakeholders, such as labour unions and suppliers, to ensure that operations continue to run smoothly during the negotiations, Musukwa said.

(Reporting by Chris Mfula in Lusaka and Helen Reid in Johannesburg. Editing by Jane Merriman and Barbara Lewis)

[imastu pidgitaswell] 25/8/2020 22:37

?

I just sold when I chose to for the profit available - might well have been wrong and it could have carried on up. This time it didn't (it often does). Just online execution transactions with Hargreaves Landsdown - no broker.

Bought back just at the close for better or worse.

[action] 25/8/2020 17:51

When does morning sales happen and can you buy it normally via your broker pls?

[imastu pidgitaswell] 25/8/2020 15:33

I'm about to buy back this morning's sales - currently all out; it's plunging quite quickly.

Still think I'm going against the trend, but volatile enough not to be an issue. So far...

[dope007] 25/8/2020 15:28

Keeping an eye on this one. I think mkt is still open to some falls. Especially when the USA has a mini correction from the massively overbought state of the FANG stocks. If this dips to the 150's I will start to buy a few for the longer haul

[imastu pidgitaswell] 24/8/2020 09:21

Likewise, although started a bit lower. Pleased to have sat out and missed the drop from over 190 to 170-odd.

I don't know though - looks and feels like it's (for now - after the update and suspending the divi) on a gentle downward trend rather than a gentle upward trend.

Therefore more difficult to hop on and off as it swings - fighting the trend. Already sold some this morning bought at 166 and change last week, but still holding some bought at 171.

Dunno, but grateful for the chance to bank and reduce size. Now quite happy if it goes up or down.

[plat hunter] 24/8/2020 09:09

Seems to...I'm literally buying anything under 171 and selling at 176Not much to write home about but done it twice over the last week ir two now.

[waldron] 23/8/2020 16:52

Wishing AND HOPING the strong 166.20p SUPPORT HOLDS