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Glencore Plc (GLEN.L)

LSE - LSE Delayed price. Currency in GBp
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351.90-2.75 (-0.78%)
At close: 04:45PM GMT
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  • D
    D
    What does the sale of 100,000 Tesla 3's mean for Glencore, and the other mining companies? As part of the 4.2 billion deal there is also an announcement that Hertz will be building its own charging network! This means thousands of miles of heavy copper conductors as charging stations go mainstream and our power distribution grid faces massive new demand challenges. The demand for materials like Copper, silver and cobalt is creating shortages and a commodities pricing boom.

    Look for there to be some consolidation in the mining business as money is cheap and available for the big boys like Glencore that control huge amounts of commodities!
  • P
    Paul G
    I used to work for them for about 10 years, when it was Marc Rich.

    The traders bought him out and formed Glencore in Wigmore Street, due to being the biggest white collar criminal at the time. They were re-labelling Iranian oil and swapping it for arms. fact.

    At one time he owned Twentieth Century Fox.

    Jim Daley took over the Oil dept., with larry grimes et al...

    Eventually Bill Clinton pardoned Marc!!

    Read 'Metal Men' and you will understand this company!!!
  • N
    Noah
    this stock has been held down, its a huge money maker and as commodities keep moving up so do their profits. This should be $11.00 already not trying to get back to $10.
  • M
    Mark
    Glencore is the only miner that is higher than its April/May high point.
    Another above average volume on an up-day.
  • N
    Noah
    not sure why all the hate for this stock. Its a solid performer. I bought in at $9.00 was under water for a bit but now making money and I just got paid a nice divi. With the commodities super cycle this will continue to go up. GLTA
  • A
    Ash
    hedges shorting this heavily as of next week. downward trend incoming. hold strong
  • W
    WILLIAM
    Solid company but with 13 Billion shares outstanding, not much
    room or chance for upside on stock price. Even if you own 10,000
    shares chances for gain are miniscule!
  • D
    Douglas
    Read: “The World for Sale” by journalists Javier Blas and Jack Farchy. Exceptionally well written and researched review of the evolution of commodity trading over the past three decades. GLNCY is a key protagonist.
  • d
    danielk
    Glencore is such a behemoth. In examination of top 5 metal producers Glencore ranks in cobalt, silver, copper and nickel. It will take a lot to move this giant, but there is a lot of value here. I don't own for spikes or a quick buck. I have speculative mining plays. Then I have Glencore. Happy to see it moving some. But I don't worry too much about this top 10 of Forbes Fortune 500 and one of the only major commodity traders to be publicly available.
  • H
    Hrdwkgdog
    A startup backed by a group of tycoons including Bill Gates plans to use data-crunching algorithms to search for cobalt near a Canadian nickel mine owned by Glencore Plc.
    Kobold Metals has acquired rights to an area of about 1,000 square kilometers (386 square miles) -- roughly the size of New York City -- in northern Quebec, according to Chief Executive Officer Kurt House. It’s the first such foray by the company to become public.
    San Francisco Bay Area-based Kobold Metals is hoping to use data analytics to build a “Google Maps for the earth’s crust.” The company is betting it can find metals crucial to the electric-vehicle revolution, such as cobalt, that so far have eluded more traditionally-minded geologists.
    Read: Algorithms Join Cobalt Hunt Backed by Gates, Bezos and Dalio
  • F
    FreddyB
    Why is no one talking about Glencore X Tesla pending deal???
  • C
    Cfsaxny
    Cobalt miners news - Glencore plans to restart operations at Mutanda, DRC, in H2 2022 ramping up to 2025. China's Lygend starts milestone nickel & cobalt project in Indonesia.
  • Z
    ZAMB
    The DOJ issue is unlikely to deliver clarity for some considerable time. The only facts we can consider is the levels of recent fines assuming wrong doing is established, and the extent to which current share price is already discounting a very negative scenario.
    Glencore now trades at a discount of over 27% to its peak price levels, although delivering exceptional levels of dividends, and cash flow generation. Regular share buy backs is also increasing future EPS at these very low levels. On that basis it seems a medium term buying opportunity. Of course the majority prefers buying on strong upward price momentum and many are trapped having done just that. Patience will pay in due course, as traders will have taken the life boats by now.
  • B
    Beef Schnitzerlin
    Started a position here. Seems quite undervalued at this price. Thank you justice department.
  • G
    Gary
    The shift to green energy will boost copper consumption - which is good for copper and Glencore. Copper has and will continue to outperform oil. Glencore is the fourth largest copper producer. Stay long and strong.
  • T
    Taz
    Does anyone understand why this stock is dropping sharply this week?
  • R
    Ryleigh
    new ceo? i assume stock will start to rise now
  • S
    STARWOOD
    Why is this priced so low with all the assets they have?
  • B
    Bojan
    The Glencore share price has fallen by 42% since the start of the year. Yes, investor sentiment towards the wider FTSE 100 mining sector may take time to improve from its current low levels. But the company’s performance could be relatively strong. As such, now could be an opportune moment to buy a slice of the business for the long run.
  • J
    J
    shouldn't this move a bit more?