Glencore Stock News

Glencore PLC's (LSE:GLEN) third-quarter numbers showed a miner in control of its operations and on course for a solid finish to the year. Deutsche Bank's Liam Fitzpatrick, who kept his 'buy' rating and 400p price target, noted that production was strong across the board and guidance unchanged.

Glencore PLC (LSE:GLEN) shares surged almost 7% to their highest since the start of the year after the commodities giant backed its full-year production outlook after reporting a stronger third quarter, particularly in copper and coal output. Copper production increased 36% quarter on quarter, with significant gains at KCC and Mutanda in DR Congo, and Peru's Antamina and Antapaccay.

Copper production was down 17% from the comparable period a year prior, the company said. Gold production also dropped while steelmaking-coal continued to rise.

Shares in London's mining heavyweights and US stock futures rose in early Monday trading, buoyed by renewed optimism about US-China trade relations ahead of a meeting between Presidents Donald Trump and Xi Jinping later this week. Copper prices rose 1.35% and Chinese iron ore prices were up 0.3%.

JP Morgan has downgraded Glencore PLC (LSE:GLEN) to 'neutral' even as it keeps faith with the wider mining rally. The US bank says the sector still has room to run, but picking winners is becoming harder after a 22% surge since the start of August.

RBC is expecting the upcoming third-quarter results season will be a key test for major European miners as companies seek to deliver on full-year guidance. The broker pointed to Glencore PLC (LSE:GLEN), Norsk Hydro and Valterra as its preferred names in the diversified space, with Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) and Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF) standing out ...

Glencore's Lomas Bayas copper mine in Chile is working to control a fire that broke out at a waste yard at midday on Tuesday, sending up a tall column of smoke, the company said in a statement.

China spot vanadium pentoxide prices & ferrovanadium prices were higher the past month. Prices remain very low. Vanadium market news - China pledges 7–10 percent emissions cut by 2035, sixfold boost in renewables. The EU floated a 66–72% reduction goal. Vanadium company news - Glencore plans job cuts at South African ferrochrome and vanadium operations. Vanadium Resources announces a DSO and op...