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Glencore Plc (GLEN.L)

LSE - LSE Delayed price. Currency in GBp
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497.35-0.60 (-0.12%)
At close: 05:50PM BST
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  • m
    Glencore pays $1.5B penalty.
    Big deal.
    23 cents per share.
  • N
    Glencore to supply cobalt to GM in multi-year deal...i DID say they are kings of cobalt
  • S
    Disappointing share price movement in the past 4 days. Still confident that this will hit 600p sometime this year.
  • H
    Regarding our limited sanctions on Russia, we are being lied to by our government and our complicit and/or incompetent media. Americans have been taught over and over again, until they finally just believed it, that Russia is no more than "a gas station masquerading as a country" (John McCain). Over and over again, we are fed that lie. We are incessantly told that all Russia produces is oil and gas.

    In the current environment where governments all over the world are being pressured to sanction Russia, this old lie has become very convenient here in the United States. It allows the administration and Congress to act as if they are already doing everything they possibly can with the energy sanctions. Our government and the complicit and/or incompetent media conveniently don't tell the public that Russia is a commodity powerhouse producing many, many commodities other than oil that make the world go around and even feed people. When you add up all the non-energy commodities Russia exports, they all add up to a massive amount (if not quite as large as the energy exports, they are not all that far behind). But our government doesn't want us to know about that. They would prefer that we believe they are already doing everything they possibly can. Well guess what? They aren't. What they could certainly be doing is sanctioning all Russian commodities, not just energy.

    Of course, our government doesn't want to do that because of the horrible economic shock it would have on our country, perhaps making the re-election of many currently in power seem a little less likely. The only reason the U.S. could so easily sanction Russian energy is because we hardly ever imported much of the stuff. It was a drop in the bucket. But the fact is that Russia is also a major global exporter of wheat, fertilizer, nickel, aluminum, copper, steel, platinum group metals (especially palladium -- 40% comes from Russia), cobalt, vanadium, and many, many other things necessary for industry (including U.S. industry). If and when the media ever become more informed and/or less complicit, perhaps they will finally tell a largely uninformed public that there is a whole whole lot more we could be sanctioning. And considering the recent atrocities displayed all over our television channels, perhaps once Americans find out that our government has hardly done anything sanctions so far compared to what they could or should be doing... perhaps then they might just pressure our government to do a whole lot more.

    Below are just a few of the many stocks that would rally hard if sanctions on Russian commodities ever expand from just oil and gas:

    $GLNCY (copper, nickel, cobalt, zinc, lead, coal) $NHYDY (low-carbon, hydropower-produced aluminum) $SQM (fertilizer, iodine, lithium) $PALL (physical palladium ETF) $SMMYY (nickel, cobalt) $AA (aluminum) $FCX (copper) $MOS (fertilizer)
  • n
    Why is this dropping?
  • R
    What reason(s) do foreign companies have for not listing on a major US exchange? Is it just because of the extra paperwork and initial expense? Seems like a good way to generate capital and excitement to further increase existing share values.
  • G
    George Zipp
    I recently got in have added . does no one know about this stock ? the news today was baked in a little but no real move .
  • J
    does anyone know why we sold a copper mine. the CSA mine in Australia
  • E
    to the 🌚 next year
  • H
    Nickel on the LME is up for second straight day by the 15% daily limit. That's about 30% in two days. Do we have another short squeeze in the works?? A few weeks ago, the Chinese nickel short whale begged his bankers to replenish his account in order to maintain his massively underwater short position while the LME, in corrupt, colluding fashion suspended all trading in nickel in London to save that short whale from the other side of the world.

    This action by what was always considered the world's foremost metal exchange was no less corrupt or colluding than when U.S. clearinghouses saved their short hedge fund buddies by suddenly raising capital requirements for Robinhood and other brokerages who held massive long positions on GME stock and options on behalf of their retail clients. That action forced Robinhood and others to put severe curbs on any new buying of GME which had the immediate effect of collapsing GME stock long enough for the hedge fund whales to exit their short positions at much more manageable losses. Are we now seeing a regathering of forces in the long nickel trade at the LME in their ongoing battle with the Chinese whale??

    Either way, it's nothing but good news for Glencore who are one of the largest miners of nickel outside of Russia. But not only is nickel near all-time highs... So are copper, zinc, and lead. All of these are cornerstones of Glencore's base metal portfolio.

    I expect Qatar may soon regret shaving their huge Glencore position by even the modest 13% that they have announced (see my previous thread yesterday which contains this news). Qatar still retains 87% of their Glencore stake which now amounts to 1.063 billion shares. I would say they must still be quite bullish on the company with that large stake intact.
  • H
    Why the heck did the U.S. ADR (GLNCY) share price fall inexplicably in New York afternoon trade?? The shares finished off 2% when they should have been UP 2% based on the main London share closing price. Actually they should have traded still higher from there based on the large and continuing rallies in Glencore's base metal portfolio (copper, nickel, zinc, lead). What the heck happened?? Nothing in the news. Just a filing in past two days of over a half million shares bought back by Glencore. That's bullish. These shares should be 20% to 30% higher than where they are here based on the huge rallies in metals and coal. Yes, we are up over the weeks and months, but not enough.
  • M
    Tesla supposedly gets its cobalt from Glencore.
    What percentage of Glencore's total business from Tesla be? Or, is even Tesla's business too small to the whole of Gencore's revenues to make that much of a difference?
  • H
    does anyone know the difference between GLNCY vs. GLCNF - trying to figure out which one i should invest into?
  • J
    Johnny B
    Glencore has increased its stake in Horizonte. Horizonte has much greater upside than Glencore. Prob a 5 bagger.
  • k
    Despite all the politics, this is getting to overbought territory, short target 300
  • N
    K a tanga mining WAs the largest cobalt mine in the world until Glencore took it over
  • G
    George Zipp
    Chugging along
  • a
    agent k
    Just now looking at Glencore plc. GLCNF or GLNCY ? What are the differences besides price?
  • N
    Cobalt, yes Glencore is the king, finally the market has figured this out..Do some DD on a company Glencore took over that i used to own called #$%$anga mining
  • G
    George Zipp
    Mentioned on fast money today and with Fink dropping its name last week sounds like time to build a position.