Glencore Share Discussion Threads

[mo123] 02/12/2021 16:31

Hopefully it was Bluebell selling off their holding.

[gxgxx] 02/12/2021 15:54

Investor Update
hxxps://www.glencore.com/dam/jcr:b13d54dc-1ec1-4980-b829-3b6d227d38f0/20211202%20GLEN%20Investor%20Update.pdf


Climate Report
hxxps://www.glencore.com/dam/jcr:ad341247-c81e-45b4-899d-a7f32a9d69a0/2021-Climate-Change-Report-.pdf

[mo123] 02/12/2021 14:03

I see the woke brigade are having a mini tantrum. Will probably add more around 350.

[gxgxx] 02/12/2021 10:04

2021 Annual Investor update
Baar, Switzerland
02 December 2021

Glencore plc will host its annual investor update, including progress on our Climate Action Transition Plan, at 2 pm UK time today.

[suggster] 01/12/2021 18:56

Give it a go A2. You can soon pick it up. Just pull up a daily chart and zoom out.

[a2584728] 01/12/2021 18:34

Many thanks

[waldron] 01/12/2021 12:15

A2



FWIW

Not a chartist but follow supports and resistences

Its recently broken thru the 362.20p resistence which might well be considered the new support

The next resistence is at 392.40p

compared to present price at 370p

chuckle and cheers

[a2584728] 01/12/2021 11:45

What do the chartists see here ? Thanks in advance

[waldron] 30/11/2021 13:11

cheers Mo

02/12/2021 Glencore 2021 Investor update (at 2 pm UK)

[mo123] 30/11/2021 12:37

There's an update on Thursday, so will wait to hear what co. has to say.

[waldron] 30/11/2021 12:18

News Highlights: Top Company News of the Day
30 November 2021 - 01:15PM
Dow Jones News


Glencore Faces Call From Activist to Sell Coal Assets


The commodities giant is the last of the world's large miners to retain a presence in thermal coal, a currently lucrative business but one seen by some as harmful to the environment.

[waldron] 26/11/2021 19:40

Rio Tinto
4,542.5 -2.69%


Bhp
1,962 -2.39%


Anglo American
2,635 -7.40%


Glencore
352 -5.50%


Vale seems unaffected

[Brazil] VALE S.A. (VALE3)

End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 11/25

70.5 BRL -0.68%

[mo123] 26/11/2021 09:47

Back in again, though don't know how many operations Glen have in these 6 countries reporting the new covid var.
It hasn't been proven that the the new strain is any worse, just that it's more contagious, bit like the flu.

[ariane] 20/11/2021 05:32

Extract

if rates do rise, some stocks will benefit more than others. Banks like Lloyds, the UK’s largest mortgage lender, will see profits rise on credit repayments. Mining stocks like Barrick Gold or Glencore should also see rises, as investors seek the relative safety of raw minerals. And energy companies like BP or Shell have also performed well historically.

[waldron] 19/11/2021 16:59

Can we now call it a TURNING POINT

THE PIVOT BACK INTO FAVOUR


Rio Tinto
4,455 +1.82%


Bhp
1,884.2 +0.85%


Anglo American
2,844 +1.63%


Glencore
369.45 +0.18%

[waldron] 19/11/2021 14:55

MONEYWEEK


The climate summit didn’t kill off coal – what stocks might benefit?

The COP26 climate summit made a commitment to "phase down" coal. But coal still accounts for a vast amount of the energy produced around the world – and will do for some time yet. Saloni Sardana looks at what was agreed, and how you can invest in coal.

by: Saloni Sardana


19 Nov 2021


The COP26 climate summit was always going to be eventful. The closely-watched global summit was held in Glasgow, promising to put huge pressure on nations to reduce their fossil fuel usage even as Europe and other parts of the world are in the midst of one of their worst energy crises in recent history.

It initially looked as though the 200 nations attending had agreed a solid commitment to phase out coal. But at the eleventh hour the final text of the agreement was watered down to include a “phase down” rather than a “phase out” of coal.

UK prime minister Boris Johnson hailed the agreement as a victory nonetheless, and said it was a “death knell” for coal despite the last minute change to the agreement.

But is it really? What does COP26 mean for the future of coal?
Why coal was so closely watched in this year’s COP

As CNN reports, COP26 marked the first time that combatting coal or any fossil fuel had been explicitly tied to achieving climate goals.


The agreement builds on greenhouse gas emission targets that were initially decided back in 2016 during the COP21 Paris agreement. The agreement set out targets that are revisited each year with the aim of reducing average temperature rises to a maximum of less than two degrees celsius by the end of the century, and ideally closer to 1.5 degrees.

On paper, COP26 achieved exactly that. Before COP26, based on countries’ 2030 targets, the planet was on course for a 2.7-degree temperature increase by the end of the century. Factoring in COP26’s achievements, experts are now predicting that the planet will warm by 1.8 degrees to 2.4 degrees in the same period.

So, progress has been made, even if it still lags the original target made by COP21. Parties have agreed to revisit their commitments as and when necessary by the end of next year to ensure that the Paris Agreement stays alive.

The Glasgow climate pact called for a swift end to fossil fuel subsidies. As Bloomberg notes, while talks about ending subsidies for fossil fuels have been bubbling for years, “activists were encouraged by the symbolism of it finally making its way into a COP accord”.

Why China’s actions may still keep coal in favour

However, although coal was a key focus of the event, two of the world’s biggest carbon emitters – India and China – lobbied to “phase down”, rather than completely eliminate, coal usage.

China is the world’s biggest emitter of greenhouse gases (it was responsible for 50% of the world’s coal consumption last year) so its actions and promises will keep market watchers on their toes. And while the country has somewhat reduced its reliance on fossil fuel, its recent energy crunch, which wreaked havoc and resulted in several power cuts, has made it harder for it to completely abandon fossil fuels. China released its Nationally Determined Contribution – national climate plans which include targets, policies and other measures that are intended to respond to climate change – on 26 October which disappointed many who were expecting it to do more.


What this means for investors

COP26 certainly made progress by including coal more explicitly in the firing line, but the direction is clear: it will take longer than the optimists had perhaps hoped to phase out coal.

Coal still accounts for a vast amount of the energy produced around the world and it also forms an essential part of the backbone of many countries’ power grids – when green power such as wind or solar is intermittent, coal kicks in to close the gap.

So with that in mind which coal companies still look cheap? The share prices of most coal miners have soared since last year, but many still trade on relatively inexpensive valuations. Investors looking to gain pure play exposure to coal might look at Nacco Industries (NYSE: NC), which trades on a price/earnings ratio of around 7.4 and has a dividend yield of 1.8%. A riskier play is Peabody Energy (NYSE: BTU) which trades on a p/e of just three.

Investors who want broader exposure to the commodity sector with some coal thrown in, plus a London listing, should look at Glencore (LSE: GLEN) on a p/e of around seven.

[action] 18/11/2021 08:26

Iron ore plenty supply , less demand.Copper tail wind to last due electric cars. Stay with Glencore as third largest producer of copper. Coal will be transition fuel to green energy.

[waldron] 17/11/2021 08:56

Glencore PLC said Wednesday that it has agreed on the sale of its Ernest Henry Mining copper-gold mine in Queensland, Australia, to Evolution Mining Ltd. for 1 billion Australian dollars ($730.3 million).

The FTSE 100 commodity trading and mining company also reached a deal to offtake all copper concentrate produced at EHM, and said it will continue to be among Australia's leading producers and exporters of green metals.

In addition, Glencore said it will increase its focus on its other lower-cost, long-life copper assets, such as those in Africa and South America.

The transaction is expected to close in early January.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

November 17, 2021 03:03 ET (08:03 GMT)

[meb123] 14/11/2021 07:24

I think the winding down of coal is taken into account in Glens long term plans . However some , like me , are more interested in the share price getting to £4 and if the change in text helps then so be it !

[uncertain times] 13/11/2021 21:44

COP26 change to the text, as there is now agreement to 'phase down' not 'phase out' coal and that augurs well for GLEN imo

[waldron] 11/11/2021 15:49

FTSE Rises, Miners Gain as Metal Prices Head Higher

11/11/2021 | 02:18pm GMT



Miners Gain as Metal Prices Head Higher

Miners are among the FTSE 100's biggest risers as higher metal prices boost the sector.

Anglo American, Polymetal International, BHP, Glencore, Rio Tinto and Fresnillo all gain as gold increases 0.7% to $1,861.3 an ounce and silver advances 1.1% to $25.04 an ounce, while platinum and base-metal prices also rise.

"Inflation readings seem to be giving gold the strength to rally further, as the metal touches $1,860 for the first time since June," IG analyst Chris Beauchamp says.

"Commodities as a group appear to have further to run now that inflation prints have started picking up again, with no sign as yet that supply has begun to respond meaningfully."

[a2584728] 11/11/2021 15:42

Looks like another run at 411 is coming