Glencore Stock News

ST. LOUIS , Sept. 12, 2024 /PRNewswire/ -- US Strategic Metals ("USSM" or the "Company") is pleased to announce it has entered into a strategic partnership with Glencore AG, a wholly-owned subsidiary of Glencore plc (together, with its subsidiaries, "Glencore") and Chilean Cobalt Corp. (OTCQB: COBA) ("C3") to explore domestic United States ("US") downstream processing of cobalt and copper inter...

Cobalt spot prices were lower for the month. Supply surge pushes Chinese cobalt metal prices to eight-year low. Cobalt market news - US military announces $20m grant to build cobalt refinery in Canada (see Electra news). Cobalt miners news - Glencore H1, 2024 cobalt production was down 27%. Jinchuan Group decided to temporarily cease the cobalt production in late May 2024 due to low prices.

Citi has renewed its enthusiasm for Glencore PLC (LSE:GLEN) describing it as a 'future-facing and cash today story'. After suspending its rating on the miner and commodity trader, it has resumed cover with a 'buy' rating and 530p price target.

Glencore PLC (LSE:GLEN) decision to retain its coal assets was no surprise to broker Panmure Liberum, given its cash generation and plans to wind it down. “The pressures of ESG have evolved and investors approve of its plans to wind down the coal business responsibly.

Glencore PLC (OTCPK:GLCNF) Q2 2024 Earnings Conference Call August 7, 2024 3:00 AM ET Company Participants Martin Fewings - Head, IR & Communications Gary Nagle - CEO & Director Steven Kalmin - CFO Xavier Wagner - Head of Industrial Assets Conference Call Participants Chris LaFemina - Jefferies Liam Fitzpatrick - Deutsche Bank Alain Gabriel - Morgan Stanley Jason Fairclough - Bank of America Me...

Glencore PLC (LSE:GLEN) reported a loss for the first half of the year and said it was keeping hold of its coal business. The miner and commodities trading giant said lower energy prices, particularly for thermal coal, led to underlying earnings (EBITDA) sinking 33% to $6.3 billion, though revenue was up 9% to $117.1 billion.

FTSE 100-listed mining company Glencore PLC (LSE:GLEN) has been ordered by the Attorney General of Switzerland to pay $150 million in compensation claims plus a two million Swiss franc (£1.8 million) fine following a bribery investigation involving a Congolese public official in 2011. Disclosing the judgement in the regulatory statement, Glencore wrote: “The summary penalty order holds (Glencor...

Interims from mining and trading giant Glencore PLC (LSE:GLEN) will add financial colour to a recent production update. The miner and trader said it would also reveal its demerger plans for a coal arm which has now been enhanced with assets acquired from Canadian company Teck.