US Stock MarketDetailed Quotes
GLNCY GLENCORE PLC
- 11.740
- -0.030-0.25%
15min DelayClose Apr 25 15:45 ET
71.35BMarket Cap17.26P/E (TTM)
11.760High11.560Low191.06KVolume11.560Open11.770Pre Close2.23MTurnover0.00%Turnover Ratio17.26P/E (Static)6.08BShares12.11052wk High1.64P/B71.35BFloat Cap9.26052wk Low1.04Dividend TTM6.08BShs Float13.108Historical High8.86%Div YieldTTM1.70%Amplitude1.286Historical Low11.684Avg Price1Lot Size
GLENCORE PLC Stock Forum
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ColumnsCopper Nears 15-Month High: Check Out Why These Copper Stocks Are Skyrocketing
Bank of America's commodities team forecasts a strong copper market due to high demand from energy transitions and limited supply. They have also grown significantly optimistic about gold, expecting its price to be propelled by central banks, Chinese investors, Western macroeconomic influences, and the anticipated conclusion of interest rate increases. They predict gold could reach $3,000 per ounce by the end of 2025, ...
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ColumnsThe Global Copper Supply Landscape: Is a Bull Market on the Horizon?
Since the fourth quarter of 2023, the global copper mining industry has experienced multiple supply disruptions, with recent news of planned production cuts by Chinese smelters intensifying market unease. Supported by expectations of a tight supply, $Copper Futures(JUL4)(HGmain.US$ prices have been fluctuating with an upward trend since the end of October last year, and have recently seen an accelerated increase. Since March, g...
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ColumnsThe Global Copper Supply Landscape: Is a Bull Market on the Horizon?
Since the fourth quarter of 2023, the global copper mining industry has experienced multiple supply disruptions, with recent news of planned production cuts by Chinese smelters intensifying market unease. Supported by expectations of a tight supply, $Copper Futures(JUL4)(HGmain.US$ prices have been fluctuating with an upward trend since the end of October last year, and have recently seen an accelerated increase. Since March, g...
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Glencore's CEO blames the fall in commodity prices on rising interest rates and a normalizing energy market. The firm expects a robust recovery in 2024 due to interest rate reductions and an economic upturn.
RBC believes the market underestimates Glencore's cash-generation potential. Despite coal price retraction, factors like higher copper cash generation, new coal unit, and cash generative marketing business are expected to offset coal weakness.
ColumnsThe copper-to-gold ratio has lagged significantly behind other risk assets. Will copper prices reverse this year?
The latest research report from Goldman Sachs shows that the copper market is expected to experience its highest level of tightness since 2021, facing a projected deficit of 428kt in 2024, with merely 260kt of currently visible stock.
Over the past three months, the market has been impacted by a supply shock due to a succession of downgrades in mine production. Panama's decision to of...
Over the past three months, the market has been impacted by a supply shock due to a succession of downgrades in mine production. Panama's decision to of...
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Analysts opine Glencore's spin off of coal assets would reduce uncertainty and promote its metals expansion. Market conditions might influence the listed value of the spun-off business. Glencore dominates with 5% of global copper and 20% of cobalt supply.
Scotiabank's Orest Wowkodaw expressed positivity on the deal, stating it achieves full business separation at fair value, removing a significant overhang due to future coal business uncertainty.
This move reflects Glencore's strategy to isolate its more pollutant-heavy operations, aligning with ESG investors' preferences and its own emission reduction goals.
Glencore foresees a 9% dip in Nickel production citing an overlong recuperation from the Raglan strike and other issues. While Ferrochrome is down 8%, chrome ore is set to be slightly below 2022 levels.
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