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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Glencore Plc | LSE:GLEN | London | Ordinary Share | JE00B4T3BW64 | ORD USD0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.90 | 0.19% | 469.50 | 469.40 | 469.50 | 477.20 | 468.85 | 474.35 | 23,935,789 | 16:35:18 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Nonmetallic Mineral Pds, Nec | 217.83B | 4.28B | 0.3508 | 13.38 | 57.28B |
From Apr 2019 to Apr 2024
The Democratic Republic of Congo's new proposed mining code could hurt businesses, says SP Angel analyst John Meyer, but not too badly. The code proposes royalties of 3.5% on base metals and of 5% on strategic metals such as cobalt that will affect Glencore and Randgold but aren't disastrous given the high grades mined in the DRC. "Cost, aggravation [corruption] and security issues relating to working in the DRC are far more damaging to business than any royalty," Mr. Meyer says. Cobalt, a metal integral to electric-vehicle engines, has soared 280% in the 16 months to Jan. 11, according to Bloomberg. (david.hodari@wsj.com; @davidhodari)
(END) Dow Jones Newswires
January 25, 2018 08:28 ET (13:28 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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