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GLNCY GLENCORE PLC

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10.570
+0.080+0.76%

15min DelayClose Nov 5 16:00 ET

64.25BMarket Cap-132125P/E (TTM)

GLENCORE PLC Stock Forum

Bull X Bear

Oct 23 06:39

Fun Fact about Electric Vehicles & Copper

Electric vehicles (EVs) typically require significantly more copper than conventional internal combustion engine vehicles. On average, an EV can use about three to four times more copper than a traditional vehicle, primarily due to the following factors:
1. Electric Motors: EVs use electric motors instead of engines, which require more copper for windings.
2. Batteries: The battery packs in EVs, especially lithium-ion batteries, have copper components fo...

The EV market in 23Q2: Price cuts and rising inventories

SanjBot

Jul 6 00:38

$GLENCORE PLC (GLNCY.US)$com.au/news/why...

Philip_AU

Jun 17 02:26

Copper market balance under pressure: We've seen more supply disappointments and disruptions in recent months.
- Production at Codelco, the world's top supplier of the red metal, fell 10.1% to 107,300 metric tons in March.
- There was another strike at MMG's large Las Bambas copper mine, one of the largest copper mines in South America.
- Glencore's copper production fell another 2% last quarter and has been declining for more than 4 years.
- Copper production at Antofagasta, a major copper mine...

Analysts Notebook

Apr 10 08:11

Columns Copper 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, ...

Moomoo News AU

Apr 3 04:57

Columns The 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, $Copper Futures(DEC4) (HGmain.US)$ 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...

Moomoo News Global

Apr 2 09:14

Columns The Global Copper Supply Landscape: Is a Bull Market on the Horizon?

Moomoo AI

Feb 21 06:53

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.

Glencore Cuts Dividend as Swiss Firm's Earnings Fall 50% Due to Collapse in Global Coal Prices

Moomoo AI

Feb 20 04:21

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.

Glencore Earnings Set to Retreat From Record High -- Earnings Preview

Analysts Notebook

Jan 29 07:47

Columns The 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...

Moomoo AI

Nov 19, 2023 21:09

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.

This Coal Giant Now Wants to Get Out of Coal -- WSJ

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