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Glencore Plc (GLNCY)

Other OTC - Other OTC Delayed price. Currency in USD
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12.42+0.03 (+0.28%)
At close: 03:59PM EDT
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  • 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.
  • J
    does anyone know why we sold a copper mine. the CSA mine in Australia
  • 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 .
  • 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
  • a
    agent k
    Just now looking at Glencore plc. GLCNF or GLNCY ? What are the differences besides price?
  • N
    K a tanga mining WAs the largest cobalt mine in the world until Glencore took it over
  • G
    George Zipp
    Chugging along
  • 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
  • H
    $NHYDY conversation
    Did anybody catch that Fast Money segment today on aluminum and Tesla, in particular? It was about Tesla having to stick for now with its Russian supplier (Rusal) of aluminum and Elon Musk's personal challenge for a duel with Vladimir Putin. The segment's focus was the difficulty Tesla and automakers in general are having sourcing enough base metals like aluminum and nickel outside of Russia, which of course is a major producing country of those base metals.

    I found it ridiculous when Melissa was searching around the panel for how to play this story with a trade and Guy and the others were concentrating on what levels (or not) to buy Tesla at instead of even mentioning the glaringly obvious play here: BUY THE NON-RUSSIAN GLOBAL BASE METAL SUPPLY! Indeed, I though it was fairly awful and quite shocking that the panel did not take this obvious opportunity to make the bullish case for base metal mining stocks outside of Russia. Especially when they were down across the board today even more than the automakers and can be bought at steep discounts here compared to just last week. Especially disappointing was Guy who is an Alcoa bull but only seems to want to make the call for it after it is already run up on any given day or week. Alcoa is down currently I believe 15% from when Guy told people to buy it just a week ago. And he doesn't even bother to mention it during this very aluminum-specific segment today???? What a total clown.

    At least the guest analyst during the segment mentioned how Norsk Hydro of Norway is supplying automakers with aluminum. (Norsk Hydro is the Norwegian major global aluminum producer that uses its wholly-owned hydroelectric power plants for the power to produce its low-carbon aluminum). Also, Karen did matter-of-factly speculate that maybe Glencore (major global producer of nickel, copper, cobalt, and other metals) could possibly come to the rescue of one or more of these automakers... It was nice that that Norsk Hydro and Glencore were at least mentioned in the segment, especially considering that they happen to be my top two favorites in the base metal space.

    But again, it was extremely disappointing that not Guy or anyone else in the segment made the obvious case for Alcoa, the domestic and global major aluminum company that I happen to also be very bullish on and hold a sizeable position in. Especially when you can get it this afternoon at such a nice discount from when Guy pitched it just a week ago! And especially when the very subject of the entire segment was aluminum. Just ridiculous!

    I will try to post the link to the segment in the comments below...

  • N
    its a toss up between LMT and this for my fav stocks in my portfolio
    short sighted trading runs rampant and TRUE INVESTORS like myself are having a great time