Glencore Stock News

Five ex-Glencore PLC employees have been charged with corruption by the the UK Serious Fraud Office (SFO). Alex Beard, the billionaire former head of oil at Glencore, was one of those charged by the UK white-collar police.

Glencore PLC (LSE:GLEN) is keeping the market guessing (for a little longer at least) over its aspirations for the strongly performing coal business. In its half-year production update, it said it would wait until its interim results next week before sharing its decision on whether to spin the assets off into a separate business.

Glencore on Tuesday left its 2024 production guidance unchanged for most metals and increased coal to reflect its acquisition of Teck's steelmaking coal unit, saying it will announce whether it will proceed with a demerger of its coal assets at its half-year financial results next week.

Glencore PLC (LSE:GLEN) has received final regulatory approval for its acquisition of 77% of the coking coal business Elk Valley Resources (EVR) from Teck Resources. This was the final regulatory approval for the transaction, which is now expected to close on 11 July 2024.

Gelion PLC (AIM:GELN) shares surged more than 35% higher in Wednesday's early deals as it struck a deal with mining and commodities major Glencore. A new joint development agreement (JDA) aims to advance the commercialization of Gelion's next-generation battery technologies.

ATLANTA--(BUSINESS WIRE)-- #ELOKON--Glencore, a global leader in commodity trading and mining, has reduced safety incidents involving forklifts at its recycling facility in Rhode Island with the use of the ELOshield proximity detection system from ELOKON, Inc., a leading innovator in automated forklift safety and fleet management systems. In a new case study announced by ELOKON on National Fork...

Global commodities trader Glencore has won a tender to supply crude oil to Prax's 113,000-barrel per day Lindsey oil refinery in Britain, replacing rival trader Trafigura, three sources with knowledge of the deal told Reuters.

Deutsche Bank has updated its forecasts for copper prices and earnings estimates for companies in Europe and North America. Since early March, the price of the red metal has surged due to factors such as improving global economic growth, excitement surrounding artificial intelligence, and increased speculative trading.