|Bid||472.85 x 0|
|Ask||472.95 x 0|
|Day's range||467.40 - 479.36|
|52-week range||302.55 - 548.30|
|Beta (5Y monthly)||1.49|
|PE ratio (TTM)||4.72|
|Earnings date||04 Aug 2022|
|Forward dividend & yield||0.20 (4.23%)|
|Ex-dividend date||01 Sept 2022|
|1y target est||5.86|
Glencore and Geneva-based commodity trader IXM SA have stopped supplying the Hebei-based metals group, the report said, citing people familiar with the matter. At the centre of the scandal is a storage site in Qinhuangdao that is holding only one-third of the 300,000 tonnes of copper concentrate that more than a dozen Chinese companies were financing, according to a report earlier this month by Bloomberg. The 13 Chinese trading companies - 12 of which are state-owned - are facing potential losses of as much as 3.3 billion yuan ($490 million) from the missing concentrate and have sent a team to Qinhuangdao to investigate and determine appropriate legal action, the Financial Times said.
The London Metal Exchange (LME) zinc price jumped to a six-week high last week after Glencore warned of the continuing margin squeeze on its European smelters. The commodities powerhouse idled part of its Portovesme smelter in Italy at the end of 2021 due to high power prices. Europe's power crunch has got much worse in the intervening months after Russia launched what it calls its "special military operation" in Ukraine at the end of February.
(Bloomberg) -- Zinc jumped the most in almost five months, leading other metals higher after top producer Glencore Plc warned that Europe’s energy crisis poses a substantial threat to supply.Most Read from BloombergChina Likely Fired Missiles Over Taiwan in Drills, Japan SaysHow a Celebrity CEO’s Rule of Fear Helped Bring Down Hot Startup ZilingoSneakerhead Accused of Running Huge Air Jordan Ponzi SchemeGlencore has already suspended production at one of its zinc smelters in Europe, leading to a