Glencore PLC

Glencore Plc engages in the production and marketing of metal, mineral, and energy and agricultural commodities. The firm serves the automotive, steel, power generation, battery manufacturing, and oil sectors. It operates through the following segments: Marketing, Industrial, and Corporate and Other. The Marketing segment includes net sale and purchase of physical commodities, and provision of marketing and related value-add services. The Industrial segment deals with the sale of physical commodities over the cost of production and/or cost of sales. The Corporate and Other segment represents group related income and expenses. The company was founded in 1974 and is headquartered in Baar, Switzerland.

An update from Glencore PLC (LSE:GLEN) hit big mining stocks on Friday as the commodities giant revealed reduced output of several industrial and precious metals over the first nine months of 2022. Despite lower production in some areas of the business, FTSE 100-listed mining group expects underlying earnings (EBIT) from its trading unit to reach US$1.6bn in the second half of the year – putting the company on track for record annual performance.

Glencore says output of copper and zinc output fall, trading profits on track for record

Glencore PLC on Friday reported falls in year-to-date production for most commodities and lowered its full year guidance for them.

Glencore cuts guidance as production falls in most commodities for year to date

The Glencore (LON: GLEN) share price held steady on Wednesday as investors wait for the company's earnings. It rose to a high of 509p, which was the highest level since September 15th.

Is Glencore a good stock to buy ahead of earnings?

Colombian coal miner Cerrejon, owned by Anglo-Swiss commodities giant Glencore , said it was able to restart operations late on Tuesday after earlier reporting that production at its mine was halted by some 13 illegal road blocks.

Glencore-owned coal miner Cerrejon restarts operation after roadblocks

Does Glencore PLC (GLNCY) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Glencore PLC (GLNCY) a Strong Momentum Stock: Buy Now?

Glencore PLC (LSE:GLEN) has been the top pick for a number of analysts ahead of its third-quarter this coming Friday.  The commodities and mining giant's shares offer "attractive value", Barclays said, underpinned by the structural shift in coal markets being "ignored by the market".

Glencore's coal attractions being 'ignored' by market ahead of results

Glencore PLC (LSE:GLEN) reportedly delivered "significant amounts" of aluminium mined in Russia to a London Metal Exchange warehouse in South Korea. The FTSE 100 commodity trader delivered an unstated amount of the metal originating from Russian producer Rusal, Reuters reporting, citing various sources.

Glencore delivered Russian aluminium to LME warehouses - report

BHP Billiton

BHP Group lifted production of iron ore in its third quarter helped by Pilbara returning to normal production after Covid, but concerns over China and Australian labour issues overshadowed the numbers. Heavy rainfall also hit coal production though the increases in copper, nickel and iron ore helped to offset this.

BHP coal drop bodes ill for Glencore, suggest brokers

Commodity trader Glencore has delivered significant amounts of Russian-origin aluminium to London Metal Exchange registered warehouses in Gwangyang, South Korea, two sources with direct knowledge of the matter said on Tuesday.

EXCLUSIVE Glencore delivers Russian-origin aluminium into LME system -sources

Here is how Glencore PLC (GLNCY) and Uranium Energy (UEC) have performed compared to their sector so far this year.

Is Glencore (GLNCY) Stock Outpacing Its Basic Materials Peers This Year?

Glencore is the only mining major worth buying currently, according to analysts at Liberum, with sell recommendations on Rio Tinto and BHP PLC. The broker is bearish on the fundamentals in the mining sector with the war in Ukraine, rising US interest rates and the Chinese real estate crisis all putting pressure on prices.

Glencore is the only mining major worth buying, says broker

Largo Resources LTD

Energy Fuels

Europe vanadium pentoxide spot prices were flat the past 30 days. China ferrovanadium prices were slightly higher, Europe ferrovanadium prices were slightly lower. Vanadium market news - With lithium prices hitting records, there isn't enough of the metal (lithium) to power the future, anyway. VRFBs can fill the supply gap and are non-combustible.

Vanadium Miners News For The Month Of September 2022

Glencore (LON: GLEN) share price has pulled back sharply in the past few days as concerns of a global recession continued. The stock slipped to a low of 448p, which was the lowest level since September 2nd of this year.

Glencore share price analysis amid Maike Metals concerns

(Kitco News) - Today, Glencore announced it has reached an agreement with Newmont in which Glencore will acquire Newmont's 18.75% shareholding in the MARA project, located in Argentina.

Glencore to acquire Newmont's interest in MARA project for $125M in cash

JPMorgan Cazenove (JPM) is the latest broker to sing the praises of Glencore PLC (LSE:GLEN) raising its end-2023 price target to 640p from 590p. On Tuesday, Barclays set a 700p price target and painted a scenario where shares in the company could double from current levels.

Glencore in favour as JPMorgan ups price target to 640p

Glencore PLC (LSE:GLEN) received the backing of the research team from Barclays today with analysts painting a scenario where shares in the company could double from current levels. Barclays has set a 700p price target and reiterated its outperform rating on the diversified natural resource company which reported record interim profits in August.

Glencore shares could double according to Barclays

Rio Tinto plc Sponsored

South32 Ltd

Resources companies find there is a deepening pool of buyers for assets that have long been undervalued.

Overlooked by Investors, Royalties Are Fetching Princely Sums

(Kitco News) - On Thursday, Comet Resources (ASX: CRL) announced that it has executed an amended binding agreement to acquire a 100% interest in the Mt Margaret copper project from Mount Isa Mines, a wholly-owned subsidiary of Glencore.

Comet Resources acquires past-producing copper mine from Glencore

After gradually reducing the flow of natural gas to Europe over the past six months, last Friday, Russian President Vladimir Putin completely shut down the Nord Stream 1 pipeline that previously supplied Europe with approximately 40% of its natural gas energy needs. The continent's ongoing efforts to replace the lost natural gas have now reached crisis proportions.

Glencore Profits Handsomely from Europe's Sudden Need for Coal

Britishvolt will not be ready to produce electric vehicle batteries from its plant in north-east England until 2025 – two years later than its previous plans – as high energy plans disrupt the development.  In recent weeks reports emerged that some construction work had been halted and costs slashed as the company awaited its next injection of funding, having already raised cash from FTSE 100 groups Glencore PLC (LSE:GLEN) and Ashtead Group PLC (LSE:AHT), and been promised £100mln by Downing Street.

Glencore-backed EV battery maker Britishvolt further delays production plans

Over the past 10 years, Glencore PLC ( LSE:GLEN , Financial) has underperformed its two main peers, Rio Tinto ( LSE:RIO , Financial) and Anglo American ( LSE:AAL , Financial). This has been because of terrible performance during 2018 through 2020 thanks to its exposure to coal and Department of Justice and U.K. Serious Fraud Office investigations into regulatory and corruption issues.

Structural Changes for Glencore's Value

Glencore is one of the world's leading diversified mining conglomerate, formed through the combination of Glencore and Xstrata in April 2013. The company currently trades at x5.5 P/E and x0.34 EV/Sales.

Glencore: Deeply Undervalued Dividend Gem

(Kitco News) - On Thursday, Wheaton Precious Metals (TSX, NYSE: WPM) announced that it has entered into a definitive agreement with certain subsidiaries of Glencore to terminate its silver stream on the Yauliyacu mine in Peru.

Wheaton agrees to terminate silver stream on Yauliyacu mine for $150 million from Glencore

Britishvolt, which is developing an electric vehicle battery 'gigafactory' in the north-east of England, has been forced to halt some work and slash costs as it awaits its next injection of funding.  A leaked presentation by the company to investors said the company has put some projects on “life support” as it cuts spending on the £3.8bn project.

UK EV battery-maker backed by Glencore forced to cut costs as funding awaited

Switzerland-based Glencore Plc and other major traders have stopped supplying Chinese metals merchant Huludao Ruisheng over a brewing scandal about missing copper inventories in the port of Qinhuangdao, the Financial Times reported on Friday.

News for Glencore PLC Stock (GLNCY)