Glencore PLC

Glencore Plc engages in the production and marketing of metal, mineral, and energy and agricultural commodities. The firm serves the automotive, steel, power generation, battery manufacturing, and oil sectors. It operates through the following segments: Marketing, Industrial, and Corporate and Other. The Marketing segment includes net sale and purchase of physical commodities, and provision of marketing and related value-add services. The Industrial segment deals with the sale of physical commodities over the cost of production and/or cost of sales. The Corporate and Other segment represents group related income and expenses. The company was founded in 1974 and is headquartered in Baar, Switzerland.

UBS asks the rhetorical question, do any miners offer value at 'normalised' prices? The short answer is “yes”.

Glencore the best of a moderate bunch at the top of the commodity cycle

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One copper price forecast claims that the precious metal could see a spike in value as the switch to renewable energy increases demand. The post Copper Price Forecast 2025: 5 Reasons Why One Report Predicts the Metal Will Hit $15K appeared first on InvestorPlace.

Copper Price Forecast 2025: 5 Reasons Why One Report Predicts the Metal Will Hit $15K

(Kitco News) - Glencore said Monday it signed a memorandum of understanding for the cooperation on carbon capture utilization and storage technology with China Huaneng Group Clean Energy Research Institute.

Glencore signs carbon capture deal for coal-fired power plant in Australia

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Barclays said it was positive on the prospects for the European mining sector for the remainder of 2021 and lifted its price forecasts for iron ore, platinum group metals, cobalt and copper. “Miners remain attractive as a relatively cheap ‘value' sector exposed to growing demand,” Barclays Capital Inc said in a research note.

Mining shares are attractive as a relatively cheap ‘value' sector, says Barclays

(Kitco News) - Glencore today announces that its subsidiary Carlisa Investments, in which Glencore holds 81.2% of the shares, has completed the sale to ZCCM Investments Holdings of its 90% interest in Mopani Copper Mines, located in Zambia.

Glencore sold its stake in Mopani

Nickel spot prices were significantly lower in March, and the LME inventory was slightly higher than last month. Nickel market news - Fitch: Nickel demand for EVs to outpace lithium and cobalt. UBS forecasts Demand for nickel grows from ~2.6mtpa now to 5.8mtpa by 2030, a 2.2x increase.

Nickel Monthly News For The Month Of March 2021

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Europe vanadium pentoxide spot prices were significantly higher the past 30 days.

Vanadium Miners News For The Month Of March 2021

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KAZ Minerals PLC (LON:KAZ) received a higher recommended offer from a consortium led by two of its directors, valuing the Kazakh copper producer at around £4.1bn, as they seek to take the company back into private hands. Chairman Oleg Novachuk and president Vladimir Kim increased their final cash offer to 850 pence per share, together with a special dividend equal to 27 US cents per share, taking the total offer to about 869p per share.

Proactive weekly mining round-up: Kaz Minerals, Jubilee Metals, Rio Tinto.

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Investors are most likely to see upward moves in battery stocks in the coming months due to soaring risk appetite for EV-related businesses. The post 7 of the Hottest Battery Stocks That Electric Vehicles Rely On appeared first on InvestorPlace.

7 of the Hottest Battery Stocks That Electric Vehicles Rely On

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Cobalt spot prices were higher again for the month and LME cobalt inventory was lower. Cobalt hydroxide prices up 65.5% YTD. Cobalt market news - Cobalt demand from NCM batteries used in EVs will likely increase a whopping 37x from 2019 to 2040.

Cobalt Miners News For The Month Of March 2021

Glencore PLC (LON:GLEN) said incoming chief executive Gary Nagle, head of coal assets at the mining and commodity trading giant, will take over the role from July 1 after current CEO Ivan Glasenberg retires on June 30. In December, Glencore announced that Glasenberg would step down during the first half of 2021 and named Nagle as his successor.

Glencore says Gary Nagle to assume CEO role on July 1

Nickel spot prices were significantly higher again in February, and the LME inventory was slightly higher than last month.

Nickel Monthly News For The Month Of February 2021

Europe vanadium pentoxide spot prices were higher last month. Upward price momentum builds in the vanadium market. Vanadium market news - Revisiting vanadium flow batteries for ship propulsion. Biden signs executive order to review critical supply chains.

Vanadium Miners News For The Month Of February 2021

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Cobalt spot prices surged higher again for the month, and LME cobalt inventory was much lower. Cobalt market news - China's demand for electric cars drives cobalt prices to highest level in 2 years. UBS: Cobalt market to be in deficit for the next 10 years.

Cobalt Miners News For The Month Of February 2021

The upgrade of the mining giant was partly due to its exposure to base metals and copper prices, which have rallied in recent weeks.

Glencore Gets an Upgrade from JPMorgan Because It's Heavily Exposed to Commodity Prices

Glencore PLC (LON:GLEN) was upgraded to ‘overweight' from ‘neutral' by JP Morgan to reflect greater confidence in the outlook after last week's results, improving operational stability and new guidance. Miners in the Europe, the Middle East and Africa region are cheap, analysts reckon, so they raised ten-year yield forecasts to 1.65% based on the US$1.7 trillion US fiscal stimulus package.

Glencore could benefit from metals upside after fatal Norilsk accident, says JP Morgan

Glencore upgraded to ‘overweight' by JP Morgan over brighter outlook

Rio Tinto PLC (LON:RIO) rose on Wednesday after hiking its total dividend 26% to 557 cents per share as it added a special payout of 93 cents to the full-year dividend of 464 cents. The total payout, amounting to US$9bn, represents 72% of underlying earnings.

Proactive's weekly mining round-up: Rio Tinto, Pan African Resources, Greatland Gold.

Glencore plc (GLCNF) CEO Ivan Glasenberg on Q4 2020 Results - Earnings Call Transcript

Glencore plc (LON: GLEN) said on Tuesday that it returned to profit in H2 of fiscal 2020. The company, however, concluded the financial year in loss due to the ongoing COVID-19 crisis, but still resumed dividend payments for 2021 on the back of hawkish performance in the second half.

Glencore reports £1.36 billion of net loss in fiscal 2020

Glencore PLC (LON:GLEN) said it has managed to retain flat earnings in 2020 despite a sharp decrease in revenues over the year amid the coronavirus (COVID-19) pandemic. In its results for the year to December 31, the blue-chip miner reported adjusted earnings (EBITDA) of around US$11.6bn, flat year-on-year, despite a 34% decline in revenues to US$142.3bn.

Glencore revenues drop by a third but earnings remain flat despite pandemic impact

On Tuesday, BHP Group PLC (LON:BHP) and Glencore PLC (LON:GLEN) will kick off earnings season for the big miners. BHP, which recently upped its production guidance, is expected to report its biggest half-year profits since 2014.

BHP to unveil best interims since 2014, as Glencore introduces new boss

BHP expected to unveil half-year profits since 2014, as Glencore introduces new boss

Glencore's stock has risen rapidly over the last ten months, reflecting rising copper prices and battery metal enthusiasm. This should continue. The company's marketing division offers the company a stable set of core revenues providing the company with cash flows to fund shareholder returns.

Betting On Glencore's Copper Driven Comeback

Battery stocks are going to be important to markets in 2021. Look here for growth related to EVs as manufacturers settle.

News for Glencore PLC Stock (GLNCY)