GLEN.L - Glencore Plc
| Previous close | 416.80 |
| Open | 415.00 |
| Bid | 411.35 x 0 |
| Ask | 447.60 x 0 |
| Day's range | 411.00 - 419.85 |
| 52-week range | 106.98 - 584.50 |
| Volume | |
| Avg. volume | 44,629,591 |
| Market cap | 51.36B |
| Beta (5Y monthly) | 1.26 |
| PE ratio (TTM) | 3.85 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.36 (8.55%) |
| Ex-dividend date | 31 Aug 2023 |
| 1y target est | N/A |
- Bloomberg
Glencore Is Working on Sweetened Teck Bid to Break Deadlock
(Bloomberg) -- Glencore Plc is getting closer to increasing its offer for Teck Resources Ltd., in a move aimed at ending weeks of limbo in the battle over the Canadian miner’s future.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustYields Slide on Fedspeak; Banks Weigh on Stocks: Markets WrapDebt-Limit Deal Heads to House Vote After Clearing Key HurdleTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysHedge Funds Are Deploying ChatGPT to
- Reuters
British consortium to invest $9 billion in Indonesia mining, EV batteries, minister says
A British consortium that includes mining giant Glencore will invest about $9 billion in Indonesia's mining and electric vehicle (EV) battery sectors, a minister said on Wednesday, as the resource-rich country tries to lure a host of multinational firms. Indonesia, which has the world's biggest nickel reserves, is keen to develop downstream industries with the ultimate aim of producing batteries and vehicles for the world's biggest electric car manufacturers. Investment Minister Bahlil Lahadalia did not provide a breakdown of the $9 billion but said it would go into an industrial park in the Bantaeng region on Sulawesi island powered by wind energy, with a completion target of September.
- Reuters
Exclusive-Glencore plans $1.5 billion investment to expand Peru copper mine
Mining giant Glencore Plc plans to invest $1.5 billion on an expansion project at its Antapaccay mine in Peru, up from $590 million announced previously, a company executive said, in a bid to unlock the stalled plan key to maintaining copper output. Carlos Cotera, general manager of Antapaccay Mining Co, told Reuters the Glencore unit was pushing forward the "Coroccohuayco" project, which aims to extend the mine's lifespan by decades. "The Coroccohuayco project means expanding the life of the mine until at least 2045 or 2050, that's our forecast," Cotera said on Monday evening on the sidelines of a mining forum in Lima.
- Bloomberg
Viterra-Bunge Merger Plan Backed by Canadian Pension Funds
(Bloomberg) -- A merger between Glencore Plc’s Viterra unit and Bunge Ltd. to create a $25 billion agricultural trading behemoth has the support of two of Canada’s biggest pension funds, according to a person with direct knowledge of the matter.Most Read from BloombergPutin Orders Tighter Defenses After Drone Strikes on MoscowWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapTaiwan Rushes to Prevent China From Cutti
- Fool.co.uk
2 FTSE 100 value stocks I’d buy to target long-term riches!
Buying stocks below their value can supercharge an investor's long term returns. Here are two value stocks I'm thinking of buying today. The post 2 FTSE 100 value stocks I’d buy to target long-term riches! appeared first on The Motley Fool UK.
- Reuters
Glencore's shareholder opposition to climate report grows
LONDON (Reuters) -Just over 30% of Glencore's investors rejected the company's climate progress report at its annual meeting on Friday, demanding more clarity on how the global miner will meet its commitments to cut emissions. Around 29% of shareholders also backed a shareholder resolution seeking more disclosure on progress in scaling back thermal coal production. Glencore mines and trades thermal coal, used to generate electricity, and has said it plans to run down its mines by the mid-2040s, closing at least 12 by 2035.
- Bloomberg
Bunge-Viterra Deal Would Create $25 Billion Rival to Cargill
(Bloomberg) -- Commodity markets are bracing for a long-awaited deal that would create a $25 billion behemoth capable of competing with the world’s biggest agricultural players.Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsEurope’s Economic Engine Is Breaking DownCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeCredit Suisse Loses Singapore Case Against Georgian Billionaire IvanishviliJPMorgan Tells 1,000 First Republic Employees They'l
- Bloomberg
Glencore’s Viterra in Merger Talks With US Grain Rival Bunge
(Bloomberg) -- Glencore Plc-backed agriculture trader Viterra is in talks to merge with US rival Bunge Ltd., one of the world’s largest crop merchants, according to people with knowledge of the matter. Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEurope’s Economic Engine Is Breaking DownCredit Suisse Loses Singapore Case Against Georgian Billionaire IvanishviliJPMorgan Tells 1,000 First
- Reuters
Grain trader Viterra in talks to merge with rival Bunge - source
(Reuters) -Global grain trader Viterra is in talks to merge with U.S. rival Bunge Ltd, a person familiar with the matter said, in a potential mega deal that would reshape the top tier of global grains merchants. There is no certainty that Viterra, part-owned by Switzerland-based mining and trading giant Glencore, will be able to reach an agreement on the terms, the source said, requesting anonymity as these discussions are confidential. The deal structure is being discussed by both parties, sources said.
- Reuters
Nippon Steel still in talks with Teck as it seeks stake in coal asset
TOKYO (Reuters) -Nippon Steel Corp is still in talks with Teck Resources, despite Glencore's bid for the Canadian miner, as Japan's top steelmaker remains eager to take a stake in Teck's high-grade coking coal asset, a senior executive said. "We are still negotiating with Teck toward making an equity investment in coal assets," executive vice president Takahiro Mori told Reuters in an interview on Wednesday. "The amount of our investment may need to be lifted due to Glencore's bid, but we are determined to take 15% or more stake in the coal asset so that we can make it an affiliate unit," he said.
- Fool.co.uk
2 shares to buy for big dividend income
In my hunt for new dividend shares to buy, I found these two FTSE 100 candidates. One pays a cash yield of 8.1% a year, while the other offers 9.8%! The post 2 shares to buy for big dividend income appeared first on The Motley Fool UK.
- Fool.co.uk
Is the Glencore share price a screaming bargain?
Christopher Ruane considers whether the Glencore share price offers him a potential bargain given its long-term business prospects. The post Is the Glencore share price a screaming bargain? appeared first on The Motley Fool UK.
- Fool.co.uk
Why Aviva and Glencore are two of the FTSE 100’s best bargains!
These FTSE 100 shares offer huge dividend yields and low P/E ratios at current prices. Here's why I think they're excellent buys for value investors. The post Why Aviva and Glencore are two of the FTSE 100’s best bargains! appeared first on The Motley Fool UK.
- Fool.co.uk
Glencore shares yield 8%. Should investors buy them?
Glencore shares look cheap and offer an enormous dividend yield. Are they worth buying? Edward Sheldon provides his take on the stock. The post Glencore shares yield 8%. Should investors buy them? appeared first on The Motley Fool UK.
- Reuters
Buying Teck's coal unit as a standalone a 'distant second' for Glencore - CEO
Buying Teck Resources' coal business as a standalone unit is a "distant second" for Glencore and Teck should not leave out the Swiss miner if it keeps pursuing its separation plan, boss Gary Nagle told the Bank of America conference in Barcelona on Tuesday. Teck has rebuffed the Swiss miner and trader's $22.5 billon offer to combine the two companies, instead pursuing plans to separate its copper and coal business. Glencore's plan would combine and spin off its thermal coal unit and Teck's steelmaking coal business.
- Bloomberg
Glencore and Teck Take Fight to Barcelona With Investor Pitches
(Bloomberg) -- The chief executive officers of Glencore Plc and Teck Resources Ltd. took their battle for the future of the Canadian miner to Barcelona, offering competing pitches to investors.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubSingapore Airlines Posts Highest Profit in 76-Year HistoryUS 30-Year
- Reuters
Exclusive-Glencore's bid for Teck spurs call for Canada pensions to up domestic equity stake
Glencore's hostile bid for Teck Resources has galvanized some Canadian institutional investors, who have lobbied the federal government to push the nation's biggest pension funds to lift their exposure to domestic companies, according to a presentation seen by Reuters. The previous unreported proposal is an unusual move, but mirrors the broader nationalistic sentiment at display in Canada since the Swiss miner's unsolicited approach for one of the country's top mining firms by market value. Politicians and business lobby groups have asked the federal government to block the $22.5 billion bid and Ottawa has said Glencore would face rigorous scrutiny.
- Reuters
ISS advises Glencore shareholders to vote against climate progress report
Glencore's investors should vote against the global miner and trader's climate progress report and in favour of a shareholder resolution seeking more disclosure on thermal coal, proxy advisor Institutional Shareholder Services (ISS) said. ISS joins proxy advisory firm Glass Lewis and investors including Britain's largest asset manager Legal & General Investment Management in supporting a motion seeking detail on how Glencore's thermal coal output plans aligned with the world's climate goals.
- Simply Wall St.
Institutions own 37% of Glencore plc (LON:GLEN) shares but individual investors control 45% of the company
Key Insights The considerable ownership by individual investors in Glencore indicates that they collectively have a...
- Bloomberg
Mining Boss Lassonde Says He Still Hopes to Buy Teck Coal Assets
(Bloomberg) -- Canadian mining executive Pierre Lassonde says he’s still interested in acquiring Teck Resources Ltd.’s coal assets, and is waiting on the company to decide what it does next following an abortive attempt to spin off the business.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionItaly Intends to Exit China Belt and Road
- Reuters
Canadian businessman offers to invest in Teck's coal unit to thwart Glencore's bid
TORONTO (Reuters) -Pierre Lassonde, a Canadian mining industry veteran, has made an offer to invest in Teck Resources Ltd's coal business, in a bid to thwart Glencore Plc's hostile attempt to merge with Teck. Vancouver-based Teck has rebuffed Swiss mining company Glencore's $22.5 billon offer to combine the two companies and is instead pursing plans to separate its copper and coal business. Teck last month pulled its initial business separation plan at the last minute after failing to secure enough shareholder support.
- Bloomberg
Glencore Plans to Build Europe’s Biggest Battery Recycling Plant
(Bloomberg) -- Glencore Plc is joining with Li-Cycle Holdings Corp. to build a European battery recycling plant, a key link in the supply chain for metals at the heart of the green-energy transition. Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionGoldman to Pay $215 Million to End Case on Underpaying WomenItaly Intends to Exit China Belt and Road Pact as Relations SourWorld’s Biggest Pulp Producer Considers Trading With China in YuanStocks Bogged Down by US
- Reuters
Li-Cycle and Glencore unveil plans for recycling hub in Italy
Canada-based Li-Cycle had earlier announced in March that it would be building a French battery processing facility amid rising demand for lithium due to its key role in transition towards net zero. The two companies are expected to complete a joint feasibility study for the project by mid-2024, Li-Cycle said. Once the companies make a final investment decision on the project, commissioning of the hub in Portovesme, Italy, is expected to commence in late 2026 to early 2027.
- The Guardian
Concerns raised over mining companies’ role in battery passport scheme
ERG and Glencore are among founders of ReSource, a proposed joint venture that is also backed by Tesla
- Fool.co.uk
10.4% yield! Here’s Glencore’s dividend forecast for 2023
The Glencore share price looks too cheap based on current earnings and dividend forecasts. So should I buy it for my FTSE 100 portfolio? The post 10.4% yield! Here’s Glencore’s dividend forecast for 2023 appeared first on The Motley Fool UK.
