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 Shares Traded Last Trade
  2.30 1.08% 215.85 2,072,248 08:39:19
Bid Price Offer Price High Price Low Price Open Price
215.75 215.95 216.00 212.45 212.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 162,201.02 -669.58 -2.26 28,761
Last Trade Time Trade Type Trade Size Trade Price Currency
08:39:22 O 1,000 215.7945 GBX

Glencore (GLEN) Latest News (2)

More Glencore News
Glencore Investors    Glencore Takeover Rumours

Glencore (GLEN) Discussions and Chat

Glencore Forums and Chat

Date Time Title Posts
27/11/202017:21Glencore Xstrata2,905
28/6/201912:49Glencore International - A global player15,406
22/9/201617:38Analysts' View on Glencore (GLEN)-
02/2/201615:29GLENCORE INTERNATIONAL PLC: Jon's Bear Club500

Add a New Thread

Glencore (GLEN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Glencore trades in real-time

Glencore (GLEN) Top Chat Posts

Glencore Daily Update: Glencore Plc is listed in the Mining sector of the London Stock Exchange with ticker GLEN. The last closing price for Glencore was 213.55p.
Glencore Plc has a 4 week average price of 153.52p and a 12 week average price of 150.60p.
The 1 year high share price is 249.55p while the 1 year low share price is currently 109.76p.
There are currently 13,324,342,541 shares in issue and the average daily traded volume is 42,723,881 shares. The market capitalisation of Glencore Plc is £28,434,146,982.49.
sarkasm: Investomania Will the HSBC, Glencore and Centrica share prices make gains after their declines? Could HSBC Holdings plc (LON:HSBA) (HSBA.L), Glencore PLC (LON:GLEN) (GLEN.L) and Centrica PLC (LON:CNA) (CNA.L) post improving share price performances? November 10, 2020 Robert Stephens, The HSBC Holdings plc (LON:HSBA) (HSBA.L), Glencore PLC (LON:GLEN) (GLEN.L) and Centrica PLC (LON:CNA) (CNA.L) share prices have experienced difficult periods this year. Could they produce improving performances in the long run? In my opinion, the HSBC share price has long-term turnaround potential. I think the company is making the right moves in terms of seeking to reduce costs at a time when it is experiencing an exceptional set of trading conditions. Sure, low interest rates and a difficult economic outlook in many of its main markets may weigh on its near-term share price prospects. However, I think that its 37% share price fall since the start of the year suggests that investors have accounted for this to some extent. I also believe that HSBC’s exposure to Asia may be of benefit to it in future. It could experience a higher rate of growth than its UK and European focused sector peers. This may improve its capacity to recover from recent declines in its valuation. I’m also upbeat about the long-term outlook for the Glencore share price. To my mind, the company has delivered a sound operational performance during unexpectedly difficult conditions in 2020. Most of its assets have continued to operate in spite of lockdowns being present in many regions this year. In the short run, investor sentiment could continue to be weak because of a difficult global economic outlook. This may reduce demand for commodity-related companies such as Glencore that are more reliant on the global economic outlook than some of their FTSE 100 peers. However, the company’s decision to postpone dividend payments, the capacity of its marketing division to provide growth in a variety of market settings and its strategy to embrace a low-carbon global economy mean that I’m optimistic about its potential to reverse share price declines experienced in 2020. Volatility may continue to be high, but I feel that it can produce relatively sound returns in the long run from its current price level. The Centrica share price has disappointed for a number of years. To my mind, the company has struggled to deliver on its revised strategy. This may have contributed to weakening investor sentiment that has caused the company to underperform the FTSE 100 by 80% over the past five years. The FTSE 100’s decline this year means that I believe there are a number of stocks that offer good value for money at the moment on a long-term basis. Therefore, for me, the Centrica share price does not have a large amount of appeal just now. I would rather wait for the business to start delivering more resilient operational and financial performance before becoming more bullish about its long-term prospects. Disclosure: the author has no position in any stocks mentioned.
gxgxx: I have noticed for quite some time that Glencore is never independent with its share price trending (even though it should be). Whatever happens to Anglo American I see that Glencore does the same. This is very annoying. The third member of the trio is Kaz Minerals and this one has really had a 'stellar' performance these last few months. A pity as I pulled out of KAZ and ploughed heavily into Glencore hoping that Glencore would make up some of its lost ground. Today is an example of this crazy trending, currently AAL up 2%, GLEN up 1.6% and KAZ up 2.7%. Yet only the good news from Glencore.....:-(
waldron: Glencore Follows Oil Majors Reaping Bumper Trading Profits 17 minutes ago (Jul 31, 2020 07:36) (Bloomberg) -- Glencore (LON:GLEN) said trading profit will be at the top end of its target this year as the commodities giant joins big oil companies enjoying a bonanza from volatile price swings. The company made nearly $1 billion in earnings before interest and taxes in oil trading in the first six months of 2020, similar to what the company made in the whole of 2019, people familiar with the matter said last week. Oil trading profits have bailed out the energy sector so far this year. Royal Dutch Shell (LON:RDSa) Plc said Thursday that the last quarter was the best on record for its trading business, while French rival Total SE said it was able to exploit extreme price volatility during April’s record supply glut. “Our marketing business has also risen to the challenge, delivering robust counter-cyclical earnings,” Glencore Chief Executive Officer Ivan Glasenberg said in a statement Friday. “A very strong first-half performance allows us to now raise our full year 2020 EBIT expectations to the top end of our $2.2-$3.2 billion guidance range.” The trading profit will be a relief for Glencore. Once again, the miner and trader has missed out on an iron rally that has provided bumper earnings for its biggest rivals, such as Rio Tinto (NYSE:RIO) Plc and Anglo American (LON:AAL) Plc. Glencore’s mining profits are driven by coal and copper, but it has no exposure to the steelmaking ingredient. While copper prices have been resilient through the pandemic, thermal coal has crashed, falling to the lowest levels since the commodity crisis five years ago. Glencore responded today by saying it would mine less of the fuel, cutting its target for the year to about 114 million tons, from a previous forecast of 132 million tons. The cuts will come from its Colombian mines, which are struggling because of weak demand for the product in Europe. The company said it wants to keep its Prodeco mine in the country closed for now. Glencore has a long tradition of cutting output to support prices, having held back production in zinc, coal and cobalt in recent years after prices weakened.
sarkasm: Https:// Cobalt price: BMW avoids the Congo conundrum – for now Frik Els | July 17, 2020 | 4:56 pm Battery Metals Education Intelligence Markets Top Companies Africa China Europe Cobalt Lithium Manganese Nickel German luxury vehicle maker BMW this week signed a $2.3 billion long-term deal with Swedish battery maker Northvolt, the latest of such deals, as European carmakers try to compete with Tesla in the burgeoning electric vehicle market. Managem owns Bou-Azzer, the only primary cobalt mine in the world and in operation since 1930. Tesla’s gigafactories and battery technology have long given it an edge in the EV market (Northvolt was started by two former Tesla execs), but when it comes to the sourcing of raw material for lithium ion batteries, the California company faces the same challenges as traditional carmakers. Which makes another, much smaller, deal BMW struck last week more significant in finding an advantage over Tesla and stealing a march on its German and Japanese competitors. The Munich-based carmaker signed a five-year cobalt supply deal with Moroccan miner Managem worth some $112m. Managem owns Bou-Azzer in the Anti Atlas mountains, the only primary cobalt mine in the world and in operation since 1930. BMW says the offtake agreement, first announced a year ago, covers roughly one-fifth of its requirements for the NCM (nickel-cobalt-manganese) cathodes in its batteries, which together with Tesla’s NCA (nickel-cobalt-aluminum) represents more than 90% of the market. The other 80% of the cobalt it needs comes from the Murrin Murrin mine in Australia, a Glencore owned operation, and makes BMW the only carmaker with a direct to mine raw material sourcing approach. Roskill, a metals, minerals and chemical industry research company, estimates approximately 19.6kt cobalt will be required and provided for by the two sole suppliers between 2020-2025. For Managem and Glencore to provide 100% of BMW’s cobalt requirements, approximately 85% of each company’s respective mine production would need to be assigned to BMW, totalling around 1.5ktpy and 2.4ktpy from Managem and the Swiss giant respectively. Roskill says these volumes are significantly higher than previous estimates may also imply an agreed long-term cobalt metal price at a discount to current market levels. Congo-China-cobalt conundrum Annual cobalt production is only around 130,000 tonnes, mostly as a byproduct of nickel and copper mining. Some two-thirds of supply comes from the Democratic Republic of the Congo. That proportion may rise as production from the country has largely escaped the effects of covid-19 with workers confined to mine sites (the virus closed another major supplier – the Ambatovy mine in Madagascar). More than 80% of the chemical processing and refining capacity of cobalt is located in China, In the DRC fears about political instability, the challenges of ethical sourcing and the presence of thousands of artisanal miners combine to supercharge supply concerns. The cobalt from Bou-Azzer and Murrin Murrin is not suitable to enter the battery supply without chemical conversion and downstream the supply chain is even more concentrated. More than 80% of the chemical processing and refining capacity of cobalt is located in China, which after Glencore, is also the largest cobalt miner inside the DRC. Roskil says a core driver of BMW’s direct to mine strategy has been to minimise exposure to DRC cobalt production and also to increase control, transparency and auditability of its cobalt supply. Another reason BMW is looking outside central Africa is that much of the DRC’s cobalt is already tied up. Core supplier Glencore could do for cobalt what it did for zinc – double the price Last month Tesla reportedly signed a deal with Glencore for 6,000 tonnes of DRC cobalt destined for its new Shanghai factory. Although the Tesla deal is relatively small and remains unconfirmed (as were previous agreements) it casts doubt on pronouncements from Tesla that it’s close to eliminating cobalt from its batteries altogether and claims that its current generation NCA technology uses much less than even the most thrifted NCM chemistries (8 parts nickel for every one cobalt). Even without Tesla on the books, already more than 90% of Glencore’s DRC cobalt production are locked up in long-term agreements Glencore already has three other large, long term deals in place, with Korean battery manufacturer SK Innovation for 30,000 tonnes (enough to make 2m EVs with today’s cathode technology), Belgian chemicals giant Umicore and China’s GEM, a battery recycler. Benchmark Mineral Intelligence, a battery supply chain and price reporting company, estimates that even without Tesla on the books already more than 90% of Glencore’s DRC cobalt production are locked up in long-term agreements. Sisters of the Good Shepherd A proposal from a New York charity – Sisters of the Good Shepherd – which was supposed to be voted on at Tesla’s annual shareholder meeting which was scheduled for July 7 but postponed due to covid-19, called for an investigation into Tesla’s sourcing of cobalt. A representative of the Sisters told S&P Global Market Intelligence a Tesla-Glencore deal “seems to be inconsistent with their messaging around reducing their use of cobalt, and what we want to see is stronger implementation of human rights.” Roskill says while BMW now has deals in place for 100% of its needs, the company has not shied away from the fact that completely by-passing DRC production is almost unachievable given the scale of cobalt required in future (factors of current production before the end of the decade). This is evident in several initiatives that BMW Group is a part of, such as the Responsible Cobalt Initiative and its Cobalt for Development study in partnership with BASF, Samsung SDI and Samsung Electronics. Its involvement in these projects suggests the automotive manufacturer potentially needs to procure additional cobalt from DRC mines in future, though is focussed on a long-term strategic approach to sustainability in the region. EVs only recently overtook mobile phones and super-alloys for the aviation industry as the main source of demand for cobalt. Tesla, alongside Google, Apple and others, were sued by a human rights group in December about artisanal cobalt mined under unsafe and unethical conditions, including the use of child labour, entering their supply chains. The new arrangement is likely to add further opacity to the supply chain and hinder moves to formalise the artisanal sector At the beginning of the year the DRC government announced the Enterprise Generale du Cobalt (EGC) whereby state-owned miner Gecamines becomes the monopoly buyer of cobalt from small scale miners. EGC is set to kick-off within two months but Benchmark says few details have been revealed and rather than providing greater transparency “particularly in relation to how the material is to be traced and whether independent companies will be allowed to audit the process, the new arrangement is likely to add further opacity to the supply chain and hinder moves to formalise the artisanal sector.” Mutatis Mutanda Cobalt remains by far the most expensive component of EV batteries. After hitting near decade highs in early 2018 above $100,000 per tonne, prices for cobalt used in the global battery supply chain are down 70%. Glencore’s decision to mothball its Mutanda mine in the Congo, the world’s largest responsible for 20% global output, breathed life into the market, but the metal remains stuck in the early $30,000s. Benchmark’s June cobalt price index shows prices gaining 3.2% month on month to $31,300 a tonne (100% Cu basis), but the London-based price reporting agency warned of demand weakness and receding supply fears as raw material volumes from the DRC shipped via South Africa returns to the market.
berber1: What you have to bear in Mind that in 2019 GLEN share price reached 340p. Three months ago it was at 240p. The world is opening up again very fast, time to buy or you will be left behind. there 305 to 100%% possible rise. GLA
sarkasm: Tempted by the Glencore share price? Here’s what I think you need to know Rupert Hargreaves | Sunday, 5th July, 2020 | Since the beginning of the year, the Glencore (LSE: GLEN) share price has dropped more than 29%. After this decline, the stock looks cheap compared to its historical pricing. However, like so many other businesses, Glencore has been severely impacted by the coronavirus crisis. The company is facing several other significant headwinds as well. Glencore share price concerns Glencore is the world’s biggest commodities trader. It shifts millions of tonnes of metals, minerals and oil across the globe. This gives the company a relatively defensive nature. The world will always need commodities like oil and copper, and Glencore has the size and contacts required to procure and ship these resources at the lowest possible costs. But the business also operates in some grey legal areas, and the lawsuits are mounting up. The latest is a criminal investigation into the company over its failure to prevent alleged corruption in the Democratic Republic of Congo, where it mines copper and cobalt. The group is also being investigated by the Serious Fraud Office over “suspicions of bribery” in December 2019 These legal actions have had a meaningful negative impact on the Glencore share price. It doesn’t look as if these investigations will be resolved anytime soon either. If it is found guilty in any of these investigations, the company’s ability to do business in certain countries may be restricted. That could have an impact on profitability, which would lead to further selling of the Glencore share price. Global leader Still, even if the company is found guilty, the size of its operations should insulate it from the worst of the fallout. There are few, if any, other companies that have access to their same kind of trading infrastructure as Glencore. As such, now may be a good time for risk-tolerant investors to snap a share of this business at a low price. The company’s earnings might drop substantially this year, but they should recover in 2021, according to analysts. This depends on the global economic recovery. However, policymakers around the world are planning large infrastructure spending plans to get the global economy moving again after the coronavirus crisis. The Glencore share price could benefit significantly from these actions as the demand for its commodities increases. Also, the company has historically returned a significant amount of profits to investors with dividends or share buybacks. This may continue when the crisis is over. Management still owns a large percentage of the group’s outstanding shares. Shareholders should benefit from this in the long run. If you like the look of the Glencore share price but are worried about the company’s legal problems, it may be best to own the stock as part of a well-diversified portfolio. Doing so may enable you to benefit from any upside while minimising downside risk. The Motley Fool
grupo: MINING JORNAL Legal challenges mount for Glencore A criminal investigation by Switzerland’s Office of the Attorney General adds to Glencore’s list of legal challenges. Legal challenges mount for Glencore Operations at Glencore's Katanga copper mine in the DRC Mine Risk Management > Politics 22 June 2020 comments share Staff reporter Glencore announced after market on Friday it was being investigated in its home country for failing to have organisational measures in place to prevent alleged corruption in the Democratic Republic of Congo. The Swiss investigation adds to those being carried out by the United States' Department of Justice and Commodities Futures Trading Commission investigation, as well as the UK's Serious Fraud Office. Edward Sterck, an analyst at Canadian bank BMO, said the Swiss probe "does not really change Glencore's reputational risk profile, in our opinion, [it] just increases the potential fine in the event Glencore is found guilty". However, Sterck said the additional financial risk was "relatively low" compared to fines handed out previously by the DOJ and SFO to other companies. Tyler Broda, an analyst at RBC Capital, was of a similar view. "We don't see this changing the outlook too much with legal issues already discounting the shares," said Broda. Glencore shares were trading at just below 169p late morning on Monday, down 2% from Friday's closing price, capitalising the company at £22.46 billion. Both BMO and RBC Capital rate the company as "market perform", although RBC's gives a price target of 190p, above that of BMO's 180p.
la forge: The Glencore share price is up 51% since the market crash. I think it’s a bargain buy. Matthew Dumigan | Friday, 19th June, 2020 | More on: GLEN View of a gold mine from above Image source: Getty Images. The 2020 stock market crash presented an ideal buying opportunity for investors looking to pick up a bargain or two. In the depths of the sell-off, the FTSE 100 index lost 32% of its value. On top of this, many quality UK shares were trading far below average historic valuations. That still remains the case for numerous companies listed in the index today and one that I think may have been largely overlooked is Glencore (LSE: GLEN). The Glencore share price The commodity trading and mining company saw its share price tumble by 52% in the depths of the market crash. Since then though, the shares have recovered much of their value. That said, it’s worth noting that the company’s valuation is still down by around 26%. Right off the bat, the shares appear to offer a wide safety margin. What’s more, they don’t appear overvalued relative to other miners in the index, with a forward P/E of 13.5. Since flotation on the London Stock Exchange in May 2011, the Glencore share price has had a bumpy ride. To illustrate, those who bought shares on day one would have lost 85% of their initial investment when the company’s valuation hit rock bottom on 15 January 2016. However, if you’d invested around that time, you’d currently be sitting on approximately 130% gains. Stable position In late April, Glencore released its first-quarter 2020 production update. The company reassuringly announced that most of its operations had not seen any material impact from the pandemic. However, government restrictions in Canada, South Africa, Colombia and Peru have caused some disruption. In the report, Glencore also highlighted the opportunities that have arisen for its marketing business as a result of the volatile and complex commodity trading environment. Success here has enabled the company to generate annualised earnings in line with its long-term guidance range. Positive future outlook Things look good moving forward too. At the beginning of the week, news surfaced of a deal struck between Tesla and Glencore for batteries. The agreement stipulates that the electric car manufacturing company will buy cobalt from the FTSE 100 miner for use in its new car plants. With Glencore being the largest industrial supplier of cobalt in the world, I think the long-term partnership could prove a catalyst for further growth in the company. Moreover, as the global economy recovers, I expect activity in the resources sector to swiftly return to pre-pandemic levels. If so, investor sentiment towards mining stocks is likely to improve, causing share prices to rise. In fact, analysts at Deutsche Bank have already hiked their price targets for numerous miners on the back of strong demand in China. Overall, given the company’s strong liquidity position and resilient business model, I think Glencore is more than capable of navigating the current challenges facing the sector. As such, now could be an ideal time to buy the shares at a reduced valuation and hold them for the long term. Motley Fool UK
waldron: Tesla to buy cobalt from Glencore for new car plants Tesla designs, develops, manufactures and sells fully electric vehicles, and energy storage systems. Keystone / John G. Mabanglo Tesla will buy cobalt from Glencore for use in two new car plants in a deepening of ties between Elon Musk’s electric car maker and the Swiss mining group. June 16, 2020 - 13:49 Glencore will supply Tesla’s new Shanghai Gigafactory and its planned Berlin facility with the metal used in lithium-ion batteries, according to people familiar with the matter. The deal, which increases Tesla’s reliance on supplies from the Democratic Republic of Congo, is a boost for Glencore’s cobalt business after a two-thirds slide in the metal’s price over the past two years to about $30,000 a tonne. FT Tesla said last week it supported sourcing from the DRC, one of the poorest countries in the world, “where we can be assured that minerals, including cobalt, are coming from mines that meet our social and environmental standards”. The comments highlight how Tesla is increasingly securing its own raw materials as it expands production in China and Europe. Other carmakers, including Volkswagen, have relied on external battery producers to secure supplies of cobalt. More than 60 per cent of the global cobalt supply comes from the DRC, where up to a fifth is mined by hand, often by children. While Tesla uses less cobalt than rival electric carmakers, the deal with Glencore could involve up to 6,000 tonnes a year. Buying from Glencore allows Tesla to control supply from the mine in Congo to where it is processed into battery precursor materials in China. 1848 saw the creation of the Swiss federal state and a unique democratic island in the sea of monarchist Europe. Tesla’s 2019 Impact Report, published last week, said the company had “made a significant effort to establish processes” to remove the risk of child labour. It added that it recognised “that mining conducted in a responsible and ethical manner is an important part of the economic and social wellbeing of those communities”. “Tesla’s new disclosures are a positive step towards recognising the reality of copper and cobalt supply chains on the ground,” said Tyler Gillard, a senior adviser at the OECD in Paris. Tesla said its battery cell suppliers were required to buy from refiners qualified by the Responsible Minerals Initiative, a body that produces standards for responsible sourcing. Glencore is one of only two miners in the DRC on the list to be certified by the RMI. Tesla and Glencore declined to comment. Shares in Tesla last week rose above $1,000 for the first time, giving it a market capitalisation of $185bn. They have since fallen back to $935. Tesla’s battery production capacity is expected to increase 570 per cent over the next decade to 248 gigawatt hours, according to consultancy Benchmark Mineral Intelligence. One GWh of battery capacity is enough for about 18,000 electric cars on average. Glencore, which is led by billionaire Ivan Glasenberg, is the world’s largest producer of cobalt from its two mines in the DRC and its nickel mines in Australia and Canada. Since a steep fall in cobalt prices in 2018, the miner has focused on signing long-term agreements with companies in the electric car supply chain. Christine Worrell
waldron: Oliver Haill 14:25 Mon 27 Apr 2020 Follow Oliver on: viewGlencore PLC Glencore and South32 downgraded as weak oil prices expected to spill into coal Analysts at Jefferies said the low equity valuations of coal miners was justified Glencore PLC - Expecting weakness in the oil price to spill over into the coal markets, Jefferies downgraded Glencore PLC (LON:GLEN) and South32 Ltd (LON:S32). Analysts at the bank cut forecasts for coal as they expect some substitution from coal to cheap gas. Amid the macroeconomic downturn as a result of the coronavirus pandemic, thermal coal demand is likely to remain weak in the near-term, while metallurgical coal prices are expected to downside risk due to the lockdowns in India and a resumption of exports from Mongolia to China. “In the long term, coal miners are disadvantaged due to secular demand risks and an ESG overhang that structurally impairs valuations for coal mining equities. While coal mining shares are inexpensive, the Jefferies analysts said, “this is justified based on fundamentals, in our view”. As a result of the more negative view on coal, Glencore was cut to ‘hold’ from ‘buy’ as the share price target was lower to 150p from 175p, while S32 was downgraded to ‘underperform’ from ‘hold’ as the price target was trimmed to 80p from 90p. “These shares have fallen a lot already, but the risk/reward tradeoff in these names is still not favourable, in our view. “In addition, in a recovery scenario, we would expect coal mining equities to lag due to ESG concerns and structural demand issues.” The analysts said “we prefer to stay defensive in mining for now”, with Rio Tinto (LON:RIO) top pick with a price target of 4,400p. MyProactive
Glencore share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20201130 08:54:25