Glencore Share Discussion Threads

[andyadvfn1] 25/5/2021 14:35

Money in now with Halifax

[montyhedge] 25/5/2021 14:32

I thought shares would have been higher a lot of dividend reinvestment plans kick in, Isa's for one. Probably tomorrow when brokers see dividends money hit accounts.

[boytjie] 25/5/2021 13:39

Got mine this morning with iii

[uncertain times] 25/5/2021 13:38

Yeah, me neither from Barclays

[montyhedge] 25/5/2021 11:40

Citi think possible buybacks, I reckon shares would go to 425p.https://www.proactiveinvestors.com/companies/news/948557/glencore-share-buyback-increasingly-likely-in-2021-says-citi-948557.html

[montyhedge] 25/5/2021 11:32

I think share buybacks this year, plus dividend increase. They must be making a fortune on commodities, 10 year high for copper.

[andyadvfn1] 25/5/2021 11:31

I haven't, been checking since last Friday with Halifax.

[uncertain times] 25/5/2021 11:15

Anyone received their divi yet?

[montyhedge] 25/5/2021 08:04

Copper price up again, these should be on their way to 335p coming days.

[montyhedge] 24/5/2021 15:05

DJ commodity Copper index moving ahead, Glencore misses the party, once again.

[montyhedge] 24/5/2021 11:20

Demand for copper and cobalt will only increase year on year, EV taking off more than I thought, plus building infrastructure, worldwide.
U.K. everyone gone building mad, foregoing holidays to do renovations. It’s hard getting materials, seems a shortage.
Open this mine next year more profit.

[montyhedge] 24/5/2021 08:15

Your'e welcome, of course just my thoughts, copper I'm convinced at least another 20% rise, go to any builders merchants there seems to be shortage of building materials, bricks, timber, glass, etc and copper it seems.

[action] 24/5/2021 07:39

Thank you Monty for your insights .

[montyhedge] 23/5/2021 20:30

I like both the other companies you mention, but Glencore for trading, I feel better chance to make money, no stamp duty, ok only .5% but trading in and out, long or short, over the year big saving.Copper 10 year high going to $15000, they should make a fortune, also cobalt. Not in it for dividend rather go for capital gain.

[florenceorbis] 23/5/2021 07:41

Glencore, partners to trial blockchain for cobalt tracebility

MiningOther CommoditiesOthers

By NS Energy Staff Writer 21 May 2021

The companies will pilot ReISource to trace responsibly produced cobalt from the mine to the electric car
open-pit-mining-920200_640 (1)

The final solution is expected to be launched in 2022.(Credit: Chris Wiedenhoff from Pixabay)

Glencore, CMOC, and Eurasian Resources Group (ERG) have partnered with battery material supplier Umicore to trial blockchain technology for end-to-end cobalt traceability.

Under the partnership, the companies will pilot ReISource, a solution to trace responsibly produced cobalt from the mine to the electric car.

The blockchain solution will be tested real operating conditions, from upstream cobalt production facilities in the Democratic Republic of the Congo (DRC) to downstream electric vehicle production sites.

To be piloted until the end of 2021, the final solution is expected to be launched in 2022.

Glencore said that a global EV producer and one of the world’s leading battery makers are also part of the pilot.

Launched in 2019, Re|Source was founded by CMOC, ERG and Glencore.

Re|Source combines a set of industrial sustainable mining and sourcing standards and frameworks to ensure that all cobalt used in end products is sustainably sourced.

The solution is also designed to explore the traceability and disclosure of the aspects of the related GHG emissions along the value chain.

Glencore CEO Ivan Glasenberg said: “Blockchain technology offers us an unprecedented ability for traceability in the supply chain.

“Through this pilot, we are supporting the development of this tool for our customers who seek to understand and demonstrate the origin of the cobalt units in their products. But traceability is not enough on its own, it must be part of a wider industry effort to bring improvements to the entire cobalt supply chain.

“This starts with responsible sourcing compliance, for example through RMI; the collective use of wider ESG standards such as CIRAF and ICMM; and supporting the artisanal and small-scale mining (ASM) sector in the Democratic Republic of Congo (DRC) sector through multi-stakeholder initiatives like the Fair Cobalt Alliance (FCA).”

Re|Source is aimed at speeding up sustainable practices for every unit of cobalt mined, processed and used in end products.

[action] 22/5/2021 10:08

Monty,As per PE RIO is cheaper than BHP and GLEN.Divi is also higher in RIO than BHP and GLEN.I only deal with GLEN due to stamp duty exemption. Any thoughts on other two?

[montyhedge] 21/5/2021 14:57

I know this article time last year, but EV taking off more than I thought, so perhaps another deal, who knows?

[sarahbudd] 21/5/2021 14:50

No it's not

[arja] 21/5/2021 13:34

monty,
is atamp duty payable when buying this stock please ? I only have CFD accounts but just opened a share account .

[montyhedge] 21/5/2021 10:05

Brilliant news, Chinese are trying to take over Cobalt production around the world, no wonder Tesla done a deal with Glencore to supply them.

[the grumpy old men] 21/5/2021 08:50

Profiling the world’s top five copper mining countries in 2020

Features & AnalysisMiningMajor Commodities

By NS Energy Staff Writer 20 May 2021

Two South American countries dominate global copper mining as demand for the metal is expected to grow significantly over the coming years
Escondida copper mine Chile - BHP

The Escondida project in northern Chile is the world's largest copper mine (Credit: BHP)

The largest copper mining countries in the world have an increasingly important role producing a metal that underpins major global industries and will be a crucial ingredient of the transition to a low-carbon energy system.

Due to its high thermal and electrical conductivity, copper is used widely in construction, engineering and electronics manufacturing, while its malleable properties make it particularly suited to use in wiring.

As the global energy system integrates a greater share of renewable technologies and electrified processes, demand for the reddish-gold metal is expected to grow rapidly to build the batteries, motors, power cables and many other applications that will characterise modern energy infrastructure.

The International Energy Agency (IEA) has suggested world copper demand could double over the next 20 years as the pace of electrification grows, with clean energy applications potentially accounting for 45% of overall demand.

There are currently around 250 copper mines in operation in nearly 40 countries, with global production – estimated by the US Geological Survey at 20 million tonnes in 2020 – 30% higher than it was just 10 years ago.

Estimated worldwide reserves stand at around 870 million tonnes, almost a quarter of which are located in Chile.


Largest copper producing countries in the world by 2020 mining production


1. Chile – 5.7 million tonnes

Chile is the clear leader among the world’s largest copper producing countries, with 5.7 million tonnes of the metal mined in 2020.

The South American country is home to the biggest copper reserves worldwide, estimated at around 200 million tonnes by the US Geological Survey.

Some of the largest copper mines are located in Chile, including the Escondida, Collahuasi and El Teniente projects.

Chilean producer Codelco ranks first among the world’s largest copper mining companies, closely followed by BHP, which jointly operates the massive Escondida mine in northern Chile.


2. Peru – 2.2 million tonnes

Mining operations in Peru produced 2.2 million tonnes of copper in 2020 – a small decrease on the previous year.

The country’s Cerro Verde and Antamina mines are among the world’s largest copper operations, while the Quellaveco mine being developed by Anglo American and Mitsubishi is expected to begin production in 2022, adding another substantial resource to Peruvian copper activities.

Peru’s mining industry was badly disrupted by the coronavirus pandemic in 2020, but analysts have forecast a strong rebound, with production expected to grow as high as 3.1 million tonnes by 2024.


3. China – 1.7 million tonnes

China mined an estimated 1.7 million tonnes of copper in 2020, placing it third on the list of the world’s largest copper producing countries.

The Chinese economy is the biggest global consumer of the metal, and imports large volumes to supplement its own domestic production.

Jiangxi Copper is one of the country’s major producers, operating the key Dexing copper mine in China’s Jiangxi Province.
copper mining countries
Trucks at the Katanga copper mine in Democratic Republic of Congo (Credit: Glencore)
4. Democratic Republic of Congo – 1.3 million tonnes

An estimated 1.3 million tonnes of copper were mined in the Democratic Republic of Congo (DRC) during 2020.

The country is perhaps better known as being the runaway leader among the world’s top cobalt producing countries, but copper mining often takes place alongside its cobalt operations and is a significant industry for the African nation.

Swiss miner Glencore has established a strong presence in the DRC, and mines both copper and cobalt at its Katanga and Mutanda mining operations in the Katanga Province.

The Kamoa-Kakula Copper Project, a joint venture led by Ivanhoe Mines and Zijin Mining, is a major copper mining asset currently under development in the DRC expected to add significant new potential to the country’s industry.


5. United States – 1.2 million tonnes

Copper mining is a significant business in the US, and in 2020 an estimated 1.2 million tonnes of the metal were unearthed.

Arizona is the top-producing state in the country, accounting for around three-quarters of domestic output, followed by Utah, New Mexico, Nevada, Montana and Michigan.

A major joint venture between BHP and Rio Tinto, known as Resolution Copper, is currently planned for Arizona that could become one of the country’s largest copper mines – but there is currently uncertainty over the project’s future due to a controversial land-swap deal opposed by Native American groups.

[montyhedge] 21/5/2021 08:04

Worlds largest Cobalt producer, must admit EV taking off more than I thought. Tesla doing a deal with Glencore. I wonder if Tesla would buy a stake in Glencore to secure Cobalt.