Glencore Share Discussion Threads

[nahoon] 30/8/2021 08:45

Can someone please confirm (because I seem to be getting lots of things wrong recently) that the ex divi date for both the second tranche and special distributions are Thursday 2nd Sept, and that the two together amount to 10c?
TIA

[action] 27/8/2021 15:23

Copper up 1.7% today

[carl79] 24/8/2021 17:29

I bought in at 152p back in July 2016. Been some ride as I held throughout and missed opportunities to sell, but also enjoyed the climb back to recent highs...Anyway. I'm usually wary of share buy back schemes. Is this one happening for the right reasons... What do you guys and gals think?

[la forge] 24/8/2021 08:12

FWIW


The Motely Fool


I think Glencore shares could be a great buy right now. Here’s why

Jonathan Smith | Tuesday, 24th August, 2021 |


Glencore (LSE:GLEN) is a large commodity and mining company. It ranks globally as one of the largest companies. This sometimes can be a problem for investors like myself. Such large institutions can be cumbersome and slow moving in the market.

This can see them left behind by smaller and more nimble competitors. Yet in this case, I think Glencore is doing well and so I’m considering buying shares. Here’s why.

Strong results give optimism

Glencore splits its operations mainly into two groups. These are the metals and mining segment and the energy products division. Metals and mining is significantly larger in scope and accounts for the bulk of earnings for the company.



It’s this part of the business that really drove strong H1 2021 results. Glencore delivered an adjusted EBITDA profit of $8.7bn. This is an exceptional figure at both a relative and absolute level.

At a relative level, this profit was up 79% on the same period last year. At an absolute level, this profit is larger than some FTSE 100 companies turned over as revenue (let alone a profit measure) during the period!

The business commented that the main drivers behind this included higher commodity prices. Also, favorable cost structures helped, along with a better commercial environment to sell the end outputs to.

When I take a look at Glencore shares though, they are only up 3% over the past six months, albeit up 83% over the past year. So are they a good buy based on the fundamentals? I think so.

Why I like Glencore shares

The strong results give me a positive outlook for the future. I agree that some of this was purely down to commodity prices, but then again, I don’t see why commodity prices can’t increase further.

For example, I think oil can move higher this year due to higher end demand from areas such as cars and aviation. For metals including copper, the key consumer (China) seems to continue to show economic growth. When you add into the mix potential supply disruptions due to Covid-19 in South America, the copper price could easily keep moving higher.

Aside from commodity prices, I like Glencore due to the reduction in levels of debt. My colleague Manika Premsingh flagged this up in a recent article. The net-debt-to-earnings ratio has decreased to 0.7%, half the level from the end of 2020. Given concern over higher inflation leading to higher interest rates, companies with low levels of debt should be least impacted. This puts Glencore shares in a positive light for me.

There are risks though. Glencore is unlikely to be on the watch list of ESG investors given the nature of its mining business. This could hamper share price growth in the long run. Further, the company does have a history of scandals. At the moment, it faces another bribery investigation over operations in the DRC. These could all weigh heavily on Glencore shares.

But overall, I’m considering buying Glencore shares at the moment to benefit from its continued strength looking forward.

[action] 19/8/2021 20:04

They would have created jobs Afghanistan

[action] 19/8/2021 20:02

Why what China is seeing USA did not see since last week years?

[montyhedge] 19/8/2021 13:33

I bet China will cosy up to them to get their hand on Lithium and other metals.


Gold the place to be FTSE 100 Polymetal the one to have, near 7% yield has well.

[waldron] 19/8/2021 06:50

Soaring demand for the world’s least-liked commodity sees thermal coal prices jump 106% this year

Published Thu, Aug 19 20211:19 AM EDT

Sam Meredith
@smeredith19


Key Points

Australian thermal coal at Newcastle Port, the benchmark for the vast Asian market, has climbed 106% this year to more than $166 per metric ton, according to the latest weekly assessment by commodity price provider Argus.

The Newcastle weekly index, which stood at a 2020 low of $46.18 in early September, now appears to be closing in on an all-time high of $195.20 from July 2008.

The resurgence of thermal coal, which is burned to generate electricity, raises serious questions about the so-called “energy transition.”

[waldron] 18/8/2021 21:49

WHAT AFFECT ON OTHER FTSE100 SHARES


FTSE 100 to Lose Second-Biggest Name as BHP Goes Home

By Harry Brumpton
and Thomas Biesheuvel

17 août 2021, 08:42 UTC+2 Updated on 18 août 2021, 02:03 UTC+2

Biggest miner plans to change to primary listing in Australia

Dual listing started in 2001 following Billiton merger



The U.K.’s blue-chip FTSE 100 Index will lose its second-biggest stock by market value and the world’s largest mining company, after BHP Group announced plans to simplify its listing structure.

BHP will move to a primary listing in Australia after collapsing a dual arrangement that dates back to the company’s creation 20 years ago when Australia’s BHP Ltd. merged with rival Billiton. The change, one of several announced Tuesday that also included a plan to exit the oil and gas business, means BHP can be more nimble in pursuing deals, Chief Executive Officer Mike Henry told reporters.

However, the deletion from the FTSE 100 will also prompt asset managers and exchange-traded funds which track the benchmark to sell their holdings in BHP. And the loss will be a blow to the index -- the London Stock Exchange is seeking to attract new listings as the U.K. maps its future outside the European Union. It still includes several of the world’s other huge mining companies though, including No. 2 Rio Tinto Group, another dual-listed stock.

“Clearly it’s a big blow losing such a heavyweight,” Neil Wilson, chief market analyst at Markets.com, said in an email. “But it will help balance the FTSE 100 a bit more with less leaning on basic resources. Bit less mining, bit more room for up-and-coming tech is surely not a terrible thing,” he said, adding that ultimately BHP is an Australian company at heart and should be listed there.

BHP declined as much as 6.9% as of 10:02 a.m. in Sydney trading Wednesday, as the flagship S&P/ASX 200 index fell 0.4%. The producer rose 3.4% in London trading Tuesday.

[waldron] 18/8/2021 20:04

China plans to reopen copper mine in Afghanistan
Beijing seeks closer ties with the Taliban
Didi Tang, Beijing
Wednesday August 18 2021, 12.00pm BST, The Times

MATTHEW C RAINS/ALAMY

A Chinese consortium awarded the contract to develop the world’s second-largest copper mine in Afghanistan is planning to return after years of delay as Beijing seeks closer ties with the Taliban.

“We would consider reopening it after the situation is stabilised and international recognition, including the Chinese government’s recognition of the Taliban regime, take place,” an unnamed source at the state-owned China Metallurgical Group Corp (MCC Group) told the Global Times, a party-run newspaper.


The group, along with another Chinese company, Jiangxi Copper, were awarded a 30-year contract worth $2.9 billion in 2008 to extract, smelt and process raw copper at the Mes Aynak copper mine, believed to the world’s second-largest with an estimated deposit of 5.5 million metric tonnes of high-quality copper ore.

[waldron] 18/8/2021 18:02

chuckle not really worth the mention monty and how would really affect the market price and miners sp





montyhedge
18 Aug '21 - 17:55 - 3216 of 3216
0 0 0
Afghanistan large lithium deposits, Biden has just handed them to China.

[montyhedge] 18/8/2021 17:55

Afghanistan large lithium deposits, Biden has just handed them to China.

[cumnor] 18/8/2021 17:47

Agree, berber1-exactly why BHP is leaving and others will follow. Dividend taxes, SFO investigations, new corporation rates, green agenda and 'business friendly' Tory government with BJ at the helm are enough to see quality overseas companies shunning London and institutional investors looking to the States and Far East for better returns and more receptive regulators with tax friendly regimes for companies and investors.

[berber1] 18/8/2021 15:09

You cannot win with this corrupt UK stock market.
- If you invest in renewable, they push the Share price down with the excuse that the profits will be reduced.
- If they do not invest they hammer the share price with the excuse that the company is not environmentally friendly.

BHP is already leaving the FTSE, I wonder how many will follow.

- The FTSE 100in lingering between 6000- 7300 since the Pandemic Started
- TH DJ has practically doubled from 18000 to over 35000.

Something is not right.

[gxgxx] 17/8/2021 11:49

I cut and pasted and did not edit it. Take it up with the writer and their Editor. They are useless these days.

[uncertain times] 17/8/2021 10:22

Britishvolt not British Bolt

[gxgxx] 17/8/2021 06:20

Glencore backs battery start-up behind plans for UK’s first gigafactory



Glencore, a mining group, has acquired a stake in British Bolt, a battery startup behind Giga Factory’s ambitious plans designed to provide the UK’s automotive industry with a future of electricity.

As part of the deal, Glencore will also supply the Gigafactory, which is under construction in Northumberland, with cobalt, the main raw material for batteries.

Strategic partnerships are the hottest approvals to date for the UK’s first Gigafactory. The £ 2.6bn project is essential for the country to foster its own electric vehicle industry and will help the government reach its carbon reduction targets, supporters say.

As the UK bans the sale of gasoline and diesel vehicles from 2030, the automotive industry says it will establish an infrastructure, including battery supply, to produce large-scale electric vehicles and protect employment. It is exposed to strong pressure.

“From a Britishvolt perspective, this is a major milestone, ensuring that raw materials are produced responsibly to mitigate project risk,” said Britishvolt’s CEO and founder. Former investment banker Orral Nadjari said. “Looking at the world’s cobalt production, two players make Glencore and the Chinese stand out.”

The FTSE 100 company hasn’t disclosed the size of its investment in Britishvolt, but it will be one of the startup’s biggest strategic backers. Founded in 2019, Britishvolt is backed by investors in the Middle East and Scandinavia.

Glencore, the world’s largest producer of cobalt, will supply 30% of the metal that British Bolt will use from 2024 to 2030. Its use in the fast-growing electric vehicle industry has made cobalt one of the most popular raw materials in the world.

Glencore is already supplying metal to BWM and Tesla from mines in the Democratic Republic of the Congo and Australia. Tesla has worked with Glencore and other miners to develop a blockchain platform that ensures that cobalt is ethically produced at the DRC.

As the transition between mobility and energy accelerates, the future demand for metals is also projected.

The investment is made because Britishvolt, one of the few battery factories in Europe that has obtained a planning permit, is considering whether to open it in London or New York through a merger with a structured company.

The company said the plant, which will be built on the site of an abandoned coal-fired power plant in the town of Bryce in northeast England, will initially employ 1,000 people. When Gigafactory is fully operational, the workforce will increase to more than 3,000. This benefits one of the poorest regions of the UK.

British Bolt has selected a 93-hectare plot for access to deep-sea ports and power grid connections. Gigafactory is targeting a capacity of 30GWh / year, which is sufficient for 300,000 battery packs per year, with initial production scheduled for the end of 2023. In contrast, Tesla’s Gigafactory in Nevada has a capacity of about 37GWh.

6 companies are in negotiations Although it worked with the British government on the construction of the Battery Giga Factory, only British Bolts are still testing their chemistry, and Nissan has publicly declared their plans.

Battery weight means that automakers usually want to manufacture batteries near where the rest of the vehicle is manufactured. In short, to maintain production of Land Rover and Mini, you need a UK facility.

In contrast, gasoline and diesel engines manufactured in one place are often shipped worldwide before being installed in a car on an assembly line.

Glencore Cobalt Trader David Brocas welcomed the deal with British Bolt. “As the transition between mobility and energy accelerates, we anticipate future demands for metals,” he said.

[gxgxx] 17/8/2021 06:18

Glencore buys 100pc of Australia’s Rolleston coal mine



Switzerland-based mining and trading company Glencore will take 100pc ownership of the Rolleston thermal coal mine in Australia's Queensland, after agreeing to buy Japanese firm Sumitomo's 12.5pc stake and having completed the purchase of a 12.5pc stake previously held by Itochu in June.

Glencore's move to full ownership is part of a wider trend for global conglomerates, particularly Japanese firms, selling out of minority holdings in thermal coal mines under pressure from those concerned about climate change. The deal follows Glencore's acquisition of its joint-venture partners' stake in the 28mn t/yr Cerrejon thermal coal mine in Colombia in June.

Rolleston produced 12.5mn t of thermal coal in 2020, down from a record 15.5mn t/yr in 2018, as Glencore chose to wind back production in response to weak coal prices last year. Production is likely to be higher this year in response to stronger prices for thermal coal.

Glencore put its 75pc stake in the mine up for sale in August 2017, but closed the process in October 2018 after it failed to find a buyer and the seaborne thermal coal market made a strong recovery.

Rolleston produces 5,470 kcal/kg coal, so it receives the significant discount that 5,500 kcal/kg coal has attracted over higher-grade 6,000 kcal/kg coal over the past six months. Prices for 5,500 kcal/kg coal are almost at $100/t fob Newcastle compared with $58/t a year ago and around $72/t when Glencore put the mine on the market in August 2017.

Argus last assessed high-grade Australian thermal coal at $166.81/t fob Newcastle for NAR 6,000 kcal/kg on 13 August, up from $120.58/t on 4 June and a low of $46.18/t on 4 September. It assessed lower-grade coal at $97.83/t fob Newcastle for NAR 5,500 kcal/kg on 13 August, up from $70.10/t on 4 June and $35.04/t on 4 September.

The heat-adjusted premium on a NAR 6,000 basis for higher-grade thermal coal was at a record $60.09/t on 13 August, up from $50.52/t on 31 July, $44.11/t on 4 June and $8.65/t at the end of August last year.

Rolleston is one of eight foundation projects associated with the struggling Wiggins Island Coal Export Terminal (Wicet) at Gladstone. Wicet agreed to restructure its debt in September 2018, increasing the financial burden on its coal mining shareholders.

Rolleston has environmental approval to continue mining beyond 2040. The mine is in the south of the Bowen basin and uses the Blackwater rail network to deliver coal to the port of Gladstone.

[gxgxx] 13/8/2021 07:16

Excellent Article:



Why Metals And Mining Giant Glencore Could Be Headed For A New All-Time High

If this happens we will be happy..........

The most recent high came this past May, at $9.48 per share. GLNCY rose as copper reached its record peak. Above the 2021 high, the next targets stand at $11.68 and $12.778 per share, the 2018 and 2014 highs. The ultimate upside resistance level stands at $15.70, the February 2012 high that came after the company’s 2011 IPO.

Glencore is a company that plays a leading role in the global commodity markets. Inflationary pressures from central bank liquidity and government stimulus will be the pandemic’s legacy in the coming years. Glencore’s assets, relationships, and know-how put the industrial metals, mining, and energy company in the perfect position to profit in the raw materials bull market.

I expect a new record high in GLNCY shares over the coming years. At $9.16 after the Tuesday, Aug. 10 close, that would take the stock nearly 75% higher

[garycook] 12/8/2021 02:23

Looks that way.Next resistance 370p.and then 400p.Glencore share price forecast by day.
Date Weekday Min Max Price
12/08 Thursday 341 363 352
13/08 Friday 346 368 357
16/08 Monday 346 368 357
17/08 Tuesday 348 370 359
18/08 Wednesday 342 364 353
19/08 Thursday 341 363 352
20/08 Friday 345 367 356
23/08 Monday 349 371 360
24/08 Tuesday 343 365 354
25/08 Wednesday 346 368 357
26/08 Thursday 350 372 361
27/08 Friday 347 369 358
30/08 Monday 358 380 369
31/08 Tuesday 363 385 374
01/09 Wednesday 360 382 371
02/09 Thursday 371 393 382
03/09 Friday 378 402 390
06/09 Monday 367 389 378
07/09 Tuesday 356 378 367
08/09 Wednesday 357 379 368
09/09 Thursday 363 385 374
10/09 Friday 359 381 370
13/09 Monday 356 378 367
14/09 Tuesday 367 389 378

Glencore share price forecast on Thursday, 12 August: 352 GBp, maximum 363, minimum 341. Glencore share forecast on Friday, 13 August: 357 GBp, maximum 368, minimum 346. Glencore share price forecast on Monday, 16 August: 357 GBp, maximum 368, minimum 346. Glencore share forecast on Tuesday, 17 August: 359 GBp, maximum 370, minimum 348.

Read more
Glencore Share Price Forecast For 2021, 2022 And 2023
Month Open Min-Max Close Total,%
2021
Aug 311 3-385 374 20.3%
Sep 374 356-412 400 28.6%
Oct 400 364-400 375 20.6%
Nov 375 375-413 401 28.9%
Dec 401 375-401 387 24.4%
2022
Jan 387 387-426 414 33.1%
Feb 414 414-456 443 42.4%
Mar 443 443-483 469 50.8%
Apr 469 469-517 502 61.4%
May 502 453-502 467 50.2%
Jun 467 467-496 482 55.0%
Jul 482 482-529 514 65.3%
Aug 514 514-567 550 76.8%
Sep 550 550-607 589 89.4%
Oct 589 532-589 548 76.2%
Nov 548 519-551 535 72.0%
Dec 535 526-558 542 74.3%
2023
Jan 542 492-542 507 63.0%
Feb 507 458-507 472 51.8%
Mar 472 426-472 439 41.2%
Apr 439 396-439 408 31.2%
May 408 408-450 437 40.5%
Jun 437 421-447 434 39.5%
Jul 434 434-470 456 46.6%
Aug 456 411-456 424 36.3%

Glencore share price forecast for August 2021. In the beginning the price at 311 GBp. Maximum 385, minimum 3. The averaged price 268. Glencore share price at the end of the month 374, the change for August 20.3%.

Glencore share forecast for September 2021. In the beginning the price at 374 GBp. Maximum 412, minimum 356. The averaged price 386. Glencore share price at the end of the month 400, the change for September 7.0%.

Glencore share price forecast for October 2021. In the beginning the price at 400 GBp. Maximum 400, minimum 364. The averaged price 385. Glencore share price at the end of the month 375, the change for October -6.3%.

NatWest Share Price Forecast 2021, 2022.

FTSE 100 Forecast 2021, 2022.

Glencore share forecast for November 2021. In the beginning the price at 375 GBp. Maximum 413, minimum 375. The averaged price 391. Glencore share price at the end of the month 401, the change for November 6.9%.

[a2584728] 11/8/2021 16:04

Blue shoes to 400p?