Glencore Share Discussion Threads

[twixy] 24/10/2020 12:32

The 1st part of your last sentence hits the nail on the head - I have done well from Glencore for that single reason.

[livewireplus] 24/10/2020 12:17

A suitable coherent summary - a similar sentiment could also apply to VRS at this point in time :-)

[maywillow] 20/10/2020 09:36

Profiling the top five countries with the world’s largest coal reserves


By Andrew Fawthrop 19 Oct 2020

The world's entire proven coal reserves were estimated at more than one trillion tonnes in 2019, with just a few countries holding the largest deposits


Coal has fuelled industrialisation around the world, but is now being phased out amid climate concerns

The world’s largest coal reserves are concentrated mainly in five countries, which have been able to exploit this natural asset for their own industrial development.

According to figures published in the BP Statistical Review of World Energy 2020, there are more than one trillion tonnes of proven coal resources worldwide.

While climate concerns and efforts to decarbonise the global energy system have diminished coal’s stature in recent years, it nevertheless remains the biggest source of the world’s electricity generation – accounting for 38% of the overall share in 2019, according to the International Energy Agency (IEA).

This is on track to decline amid competition from cheap natural gas and a growing international focus on emissions reduction, but with major economies – notably China and India – still relying heavily on coal-fired power generation, it will take time for this mineral to be fully eliminated from the world’s energy mix.

Coal is also used widely in heavy industry, particularly to produce iron and steel, which will remain integral to global infrastructure and manufacturing projects.

Emission-abatement technologies such as carbon capture and storage (CCS) are being developed that could enable a cleaner, more environmentally-friendly use of coal in the years ahead.


The top five countries with the largest proven coal reserves


1. United States – 249 billion tonnes

The US has by far the biggest proven coal reserves in the world, totalling more than 249 billion tonnes in 2019 – a 23% share of the global total.

Coal production in the country peaked in 2008, and has been in steady decline ever since – despite promises by President Donald Trump to revive the domestic mining industry.

According to the US Energy Information Administration (EIA), coal production in the country in 2019 was the lowest it has been since 1978, with further annual declines expected.

Most of the country’s coal is produced in the state of Wyoming (39%), as well as the Appalachian region (27%), which comprises Alabama, Eastern Kentucky, Maryland, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia.


2. Russia – 162 billion tonnes

Russia comes second on the list of countries with the world’s largest coal reserves – calculated at 162 billion tonnes in 2019. That is equivalent to a 15% share of the overall global resource.

The Kansk-Achinsk coal basin, located in the Central Siberia holds accounts for around 40% of the country’s coal reserves, while the Kuznetsk Basin in Western Siberia holds around 28% of the domestic total.

Russian policymakers have announced plans to boost domestic coal production over the coming years – targeting as much as 670 million tonnes annually by 2035.

That compares to production levels of around 440 million tonnes in 2019, according to the Russian government – which is around 30% higher than it was ten years earlier.

Markets in the Asia-Pacific region – where coal is still consumed more readily than in the Western world – are considered key targets for Russian coal exports.


3. Australia – 149 billion tonnes

Australia is home to the third largest coal reserves in the world, with a proven resource of 149 billion tonnes in 2019 – around 14% of the global total.

It is the top exporter of coal, followed closely by Indonesia, providing 27.5% of the global supply – largely to markets in Asia, and particularly China.
countries with largest coal reserves


Coal products were Australia’s second-most valuable exports in 2019, after iron ores and concentrates.

Production occurs across the country, but the states of New South Wales and Queensland are most prolific – particularly for producing black, or bituminous, coal in the Bowen Basin and Sydney Basin along the eastern coast.


4. China – 142 billion tonnes

China had proven coal reserves of 142 billion tonnes in 2019, giving it a 13% share of the global resource. Most of these reserves are located in the north and north-west regions.

The country is both the world’s biggest producer and consumer of coal, accounting for 48% and 52% of the global total respectively.

In 2019, it was the top import market for coal products, taking an 18% share of the global trade.

China is heavily reliant on coal for its energy needs – one of every four tonnes of coal used globally is burned to produce electricity in China, according to the IEA, with the fuel accounting for more than 60% of its electricity production in 2019.

A 2020 announcement from President Xi Jinping that China will target carbon neutrality before 2060 is likely to result in the country taking steps to reduce this overreliance on coal for its domestic energy supply.


5. India – 106 billion tonnes

India has the fifth-largest proven coal reserves in the world, totalling around 106 billion tonnes in 2019 – just under 10% of the global total.

Jharkhand, Odisha and Chhattisgarh in the east of the country are the states containing the largest coal deposits.

Coal is the main source of electricity generation in India, accounting for around two thirds of domestic supply. The country was the world’s second-largest importer and consumer of coal in 2019, after China.

In 2020, the Indian government announced plans to open up the country’s coal reserves to private-sector development, in a bid to boost domestic production and reduce the reliance on foreign imports.

Around 40 coal mines are to be auctioned off for development, although early interest is reported to be low, reflecting a lack of appetite among investors at a time when coal is on the decline and competition from renewables is growing.

[plat hunter] 19/10/2020 09:54

Limit order in for 162 for a top up.Is it still a top up, if it doubles your holding though?

[plat hunter] 15/10/2020 13:24

Took a small slice, couldn't resist.

[plat hunter] 15/10/2020 11:36

Time to start getting some cash together again I see.

[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