Glencore Share Discussion Threads

[plat hunter] 13/10/2020 22:36

He seems to have done one thankfully

[imastu pidgitaswell] 13/10/2020 11:17

Yep - I think of it as an income/dividend share, keeps things ticking over...

While trying to make bigger gains elsewhere.

:-)


(PS - 'enjoying' your spats with the delusional narcissist on the CEY thread. Staying out of it, but wish you well with it.)

[plat hunter] 13/10/2020 10:19

Imastu...Same boat over here.. I have no emotive connections here, literally ise it as a trading vehicle, manage to make 4-5% on it at least a couple times a month.On the other hand I would be very anxious and stressed if I was a bag holder at a much higher price.

[84stewart] 13/10/2020 08:19

Try Centamin (cey) about same price but is going somewhere UP no stamp duty ,I was in Glen till I found out Quatar had fingers in it,got out vengo rapids .

[imastu pidgitaswell] 12/10/2020 13:27

It's funny how perceptions differ, depending on entry levels. I only came to this in June, as a frequent trade share - high volume, low percentage changes, with no stamp duty. Rinse and repeat, often. It is beyond perfect for that. Love this share - probably only because it goes nowhere but has a fairly wide daily range, enough to make money often.

If I was holding it from higher than 200 or so, I would hate it too. But got one of those - BP.

[la forge] 10/10/2020 17:27

Twixy
10 Oct '20 - 17:18 - 2842 of 2842
0 0 0


This should help Glencore

[twixy] 10/10/2020 17:18

HTTPS:/www.google.co.uk/amp/s/m.economictimes.com/news/international/business/china-to-invest-nearly-900-billion-in-power-grids-state-media/amp_articleshow/78590977.cmsThis should help Glencore

[waldron] 09/10/2020 17:21

Gold COMEX 1,926.10 +1.64%
Silver COMEX 24.83 +3.59%
Platinum NYMEX 894.80 +3.56%
Copper COMEX 3.08 +1.33%
Brent Crude Oil NYMEX 43.53 +0.44%
Gasoline NYMEX 1.20 -0.42%
Natural Gas NYMEX 3.23 +2.80%
WTI 41.25 USD +0.17%


FTSE 100
6,016.65 +0.65%
Dow Jones
28,649.61 +0.79%
CAC 40
4,946.81 +0.71%
SBF 120
3,930.73 +0.61%
Euro STOXX 50
3,273.12 +0.37%
DAX
13,051.23 +0.07%
Ftse Mib
19,582.76 +0.00%


Rio Tinto
4,800.5 +1.29%



Bhp
1,666.6 +1.23%



Anglo American
1,950.4 +3.54%



Glencore
173 +1.90%

[the grumpy old men] 09/10/2020 11:18

Profiling the world’s top five nickel-producing companies

Features & AnalysisMiningNickel

By NS Energy Staff Writer 08 Oct 2020

The top five nickel producing companies conduct their business across South America, Europe, Asia and Australia
nickel_vladimir-patkachakov-ZAP1duyEIR4-unsplash

Heavy machine mining (Credit: Vladimir Patkachakov/Unsplash)

Several companies around the world are involved in producing nickel, which has a range of useful applications in modern life, from manufacturing to electronics.

The fifth most common element found on Earth, it has been known to be used by humans as far back as 3500 B.C.

Naturally-occurring nickel is mostly present as oxides, silicates and sulphides. It has been estimated that more than two million metric tonnes of this white metal are produced in the world every year.


Nickel has a broad range of industrial applications

Always used as an alloy, in combination with other metals, and seldom used alone, nickel alloys exhibit some unique properties that are absent in pure metals. Mostly used to manufacture stainless steel, nickel provides its strength and anti-corrosive property.

Also, for steel that is made to be less magnetic, nickel forms the main ingredient. Its ability to withstand high temperatures has made it a significant component in superalloys and specialty steels such as those used in jet engines.

Nickel alloys are also used in industrial gas turbines, heat exchangers in power plants, resistance wires, electric-vehicle batteries and furnace components. One of its most common uses is nickel plating.

Indonesia is the top nickel producing country, although the Philippines is expected to overtake it in 2020.

Although 80% of all the known nickel deposits mined until now have been unearthed in the past 30 years, the nickel reserves and resources since then have also witnessed a steady growth.

Significant nickel deposits are believed to be present in manganese nodules that are found in the deep sea, which are estimated to be over 290 million tonnes. Access to these can only be made possible with the future development of deep-sea mining technologies.


The world’s top five nickel-producing companies
1. Vale – 208,000 metric tonnes

Formerly called Companhia Vale do Rio Doce, Vale is a diversified multinational metals and mining company founded in 1942, and headquartered in Rio de Janeiro, Brazil.

Vale is the world’s largest producer of nickel, one of the most versatile metals in existence. It owns nickel mines and operations in Brazil, Canada, Indonesia and New Caledonia, as well as fully-owned and joint-venture refineries in China, South Korea, Japan, the UK and Taiwan.

It produces a wide range of products that are able to meet the diverse needs of nickel consumers.

Vale’s 2019 nickel production was estimated to be 208,000 metric tonnes – a considerable drop from the 243,000 tonnes that were produced in 2017.
top nickel producing companies
Nickel coins (Credit: Claudio Schwarz/Unsplash)


2. Norilsk Nickel – 166,265 metric tonnes

Established in 1993 with headquarters in Moscow, Russia’s Norilsk Nickel is a diversified mining company producing nickel and palladium – as well as silver, gold, platinum, rhodium, cobalt, sulfur, selenium, tellurium, iridium and ruthenium.

It comes second on our list of top nickel-producing companies and also possesses the largest nickel reserves and the largest nickel sulfide deposit in the world. Called Nornickel for short, Norilsk Nickel is also the world’s top low-cost nickel producer.

Engaged in mining operations spanning three continents and five countries, Nornickel explores, extracts and refines ore and nonmetallic minerals, and sells the base and precious metals that are produced from the ore.

In 2019, Nornickel produced 166,265 metric tonnes of nickel – a slight increase from the 163,000 tonnes produced in 2017.
Jet engine (Credit: Luka Slapnicar/Unsplash)


3. Jinchuan Group – 150,000 metric tonnes

Founded in 1958 and based in Gansu, Jinchuan Group International Resources is China’s top nickel producer and comes third in our list of world’s top nickel-producing companies.

With a large-scale international presence, Jinchuan is a diversified mining company whose major operations include mining, milling, smelting and chemical processing.

It also mines for platinum, copper, selenium, palladium, silver, gold and cobalt, and owns the third-largest copper-nickel sulphide deposit in the world (located in China).

Jinchuan’s other engagements, such as trading in mineral and metal products, complement its mining operations.

The Chinese company’s current annual nickel production has been estimated at about 150,000 metric tonnes.
top nickel producing companies
Nickel Batteries (Credit: Frank Wang/Unsplash)


4. Glencore – 121,000 metric tonnes

Switzerland-based commodity trading and diversified mining company Glencore was established in 1974.

Fourth in our list of leading nickel producers, Glencore has assets in Europe, North America and Australia. It runs about 150 operations globally, which include mining, metallurgical and oil production sites. It also produces some of the world’s purest nickel.

Glencore’s marketing business deals not only in nickel as a metal but also ferronickel, concentrates and intermediates.

It is one of the top processors and recyclers of nickel-bearing materials, such as batteries. Glencore also produces other metals such as platinum group metals, copper and cobalt as a by-product while producing nickel.

It owns nickel mines in Norway (Nikkelverk), Canada (Sudbury INO and Raglan), Australia (Murrin Murrin), and New Caledonia (Koniambo), which also comprise sulphide and laterite ores.

Glencore produced 121,000 metric tonnes of nickel in 2019 – a dip from the 130,000 tonnes produced in 2017.
Steel cutlery (Credit: Louis Hansel/Unsplash)


5. BHP Group – 87,400 metric tonnes

Previously known as BHP Billiton, Melbourne-headquartered, Anglo-Australian diversified mining company BHP Group increased its nickel production from 70,000 metric tonnes in 2017 to 87,400 tonnes in 2019.

All its nickel operations―whether open-cut or underground mines, concentrators, smelters or refineries – are located in Western Australia.

One such operation is BHP‘s fully-integrated mine-to-market nickel business Nickel West, located in Kalgoorlie, Australia. Nickel West is a major value add throughout BHP’s nickel supply chain, as most of its current production is sold in the international market as high-quality nickel metal.

BHP Group recently purchased nickel tenements in the form of the Honeymoon Well Nickel Project in Western Australia; formerly a unit of Norilsk Nickel. The deal marks the exit of the Russian miner from the country.

[grupo] 06/10/2020 11:19

JEFFERIES CUTS GLENCORE PRICE TARGET TO 185 (190) PENCE - 'HOLD'

[imastu pidgitaswell] 06/10/2020 11:19

Probably just a rollover - so neutral.

200 day moving average looks to be a factor here. Coming back up to it.

[84stewart] 06/10/2020 11:14

Well someone has faith in this share 2 identical trades of 4.193mln shares at 1025 al though starting to drop again funny old game

[84stewart] 06/10/2020 10:52

A good article,while looking thru Anglo American site I notice very little fossil fuel was being mined compared to Glen which I think is about 63% of their income ,I think they should change direction,shares up and down as usual

[grupo] 06/10/2020 10:23

Trump and coal: A pointless war?

Back on the EPA stage with the workers alongside him and Murray in the front row, Trump makes a big promise to the mining industry.

“The miners told me about the attacks on their jobs and their livelihoods,” he says.

“They told me about the efforts to shut down their mines, their communities and their very way of life. I made them this promise. We will put our miners back to work.

“My administration is putting an end to the war on coal.”

Unfortunately for the president and coal miners, it could be the battle had been lost a long time ago.

[84stewart] 06/10/2020 10:22

I tried to get back on to market screener again but would not except registration,but when I was on it before I noticed on Glencore site Volcano ,they are the biggest s/holder in Anglo American which they basically own? Volcan is the old Vedanta thru Anwal Arganal I think that was his name he is indian Nice bloke dubious company,I dont know why the name appear in relation to Glen.

[84stewart] 06/10/2020 09:26

Thank you grupo I found what I wanted

[grupo] 06/10/2020 08:44

Ivan Glasenberg 1,211,957,850 9.10%

[84stewart] 06/10/2020 08:37

Morning ,if anyone who is wondering what is going on with this stock ,we’ll without absolute proof this being picked up cheap to add to some peoples holdings who already hold a sizeable stake ,for what T/o ,MBO ? Who knows but Glen is doing as well as can be expected,I had some drinks with a friend of mine who is well in and discussed this and a good point came up,CEO due to stand down next year holds l believe £2bln worth of shares
No divi no income ( although rich enough) can’t sell in such a big lot T/O MBO ideal ,just putting it out there as large share swings are not justified imho.

[waldron] 02/10/2020 17:15

Gold COMEX 1,908.40 -0.41%
Silver COMEX 24.01 -1.03%
Platinum NYMEX 892.90 -1.45%
Copper COMEX 2.98 +3.93%
Brent Crude Oil NYMEX 39.69 -3.03%
Gasoline NYMEX 1.11 -2.04%
Natural Gas NYMEX 2.99 -0.93%
WTI 37.559 USD -2.34%


FTSE 100
5,902.12 +0.39%
Dow Jones
27,625.4 -0.69%
CAC 40
4,824.88 +0.02%
SBF 120
3,825.38 -0.01%
Euro STOXX 50
3,186.38 -0.03%
DAX
12,689.04 -0.33%
Ftse Mib
19,018.9 -0.22%



Rio Tinto
4,694 +0.98%



Bhp
1,654.6 +0.55%



Anglo American
1,870 -0.52%



Glencore
161.76 +1.49%