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Glencore plc (GLEN.L)

474.30

-0.70

(-0.15%)

At close: 5:15 PM GMT+1

Glencore and Trafigura’s Sanctions Games Are Draining the LME

(Bloomberg) -- The world’s two biggest metals traders are moving to withdraw large volumes of aluminum from the London Metal Exchange in a complex trade made possible by new UK sanctions on Russian metal, raising questions about unintended consequences from the new rules.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on Ira

Bloomberg 1 hour ago

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Rusal Fears New Russia Metal Sanctions Put 36% of Sales at Risk

(Bloomberg) -- Russian aluminum giant United Co Rusal International PJSC fears that as much as 36% of its sales may be at risk as a result of sanctions imposed by the UK and US, according to a person close to the company.Most Read from BloombergBeyond the Ivies: Surprise Winners in the List of Colleges With the Highest ROIIran’s Attack on Israel Sparks Race to Avert a Full-Blown WarS&P 500 Breaks Below 5,100 as Big Tech Sells Off: Markets WrapTrump Media’s $5.3 Billion Selloff Deepens as 270% Ra

Bloomberg 4 days ago

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Russian Metal Hit With Sanctions as US Blocks Deliveries to LME

(Bloomberg) -- The US and UK imposed new restrictions on trading Russian aluminum, copper and nickel that will reverberate across global metal markets, in the latest bid to curb President Vladimir Putin’s ability to fund his war machine.Most Read from BloombergIsrael Versus Iran — What All-Out War Could Look LikeTexas Warns of Possible Power Emergency Next WeekIran’s Missile Barrage Was an Error Israel Can Gain FromIsrael Grapples With New Phase in Its Multi-Front War With IranA $150 Billion For

Bloomberg 6 days ago

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Congo Seeks Outside Advice on Imposing Cobalt Export Curbs

(Bloomberg) -- The Democratic Republic of Congo, the top cobalt producer, is sounding out advice from international industry organizations over measures to raise the battery metal’s price, including through potential export quotas.Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesVietnam Tycoon Lan Sentenced to Death Over $12 Billion FraudUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsRussia Destroys Largest Power Plant in Ukraine’s Kyiv RegionApp

Bloomberg 8 days ago

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THE Mining Investment Event of the North, Quebec City - June 4-6, 2024 Announces Keynote Speaker, Maïté Blanchette Vézina, Quebec Minister of Natural Resources and Forests

Special ParticipantGovernment of Québec Platinum SponsorsLaurentian Bank Securities, National Bank Financial MarketsGold SponsorsFirst Phosphate, IBK Capital, O3 Mining Student Sponsors Osisko Mining, Glencore CanadaSilver SponsorsCSE, IR.INC Capital Markets Advisory, Mi3 Financial, PearTree Financial, TMX Group, Stifel Sustainable Sponsor Osisko Gold RoyaltiesCopper SponsorsAlliance Advisors, Amex Exploration, Brooks & Nelson, Cassels, CDPQ, Centre des congrès de Québec, Crux Investor, Digbee,

Newsfile 10 days ago

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Institutional investors have a lot riding on Glencore plc (LON:GLEN) with 41% ownership

Key Insights Institutions' substantial holdings in Glencore implies that they have significant influence over the...

Simply Wall St. 10 days ago

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Teck Resources (TECK) Q1 Steelmaking Coal Sales Fall Y/Y

Teck Resources (TECK) witnesses a year-over-year decline in the sales volume of steelmaking coal. However, the average realized price of steelmaking coal sees an uptick.

Zacks 14 days ago

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Deutsche Bank Says Glencore May Weigh Listing Move to US

(Bloomberg) -- Glencore Plc may consider switching its primary listing from London to New York, analysts at Deutsche Bank AG predicted, in what would be the most high-profile exit from the UK exchange to date.Most Read from BloombergA Million Simulations, One Verdict for US Economy: Debt Danger AheadTrump Media’s Business Doesn’t MatterTrump Sues Truth Social Company Co-Founders to Zero Them OutTrump Got His $175 Million Bond From a Billionaire Fan’s CompanyTesla’s Sales Miss by the Most Ever in

Bloomberg 17 days ago

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Rivers Near Congo Copper and Cobalt Mines are Toxic, Report Says

(Bloomberg) -- River water near some of Democratic Republic of Congo’s biggest copper and cobalt mines is toxic and may be causing widespread health problems.Most Read from BloombergBiden Gains Ground Against Trump in Six Key States, Poll ShowsJapan Amps Up Intervention Threat as Yen Hits Lowest Since 1990Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleUsing Your Premium Credit Card May Cost More After Visa-Mastercard DealLondon Insurers Face Baltimore Bridge Pay

Bloomberg 23 days ago

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Those who invested in Glencore (LON:GLEN) three years ago are up 82%

One simple way to benefit from the stock market is to buy an index fund. But if you choose individual stocks with...

Simply Wall St. 27 days ago

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Li-Cycle Holdings Corp. (NYSE:LICY) Q4 2023 Earnings Call Transcript

Li-Cycle Holdings Corp. (NYSE:LICY) Q4 2023 Earnings Call Transcript March 19, 2024 Li-Cycle Holdings Corp. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day. My name is Todd, and I will be your conference operator. At this time, I […]

Insider Monkey 28 days ago

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More investors push Glencore to keep coal post-Teck deal

A growing group of Glencore investors are keen for it to keep mining coal instead of spinning out the soon-to-be enlarged unit, with one eye on its financial outlook and another on the environmental benefits of keeping the fuel in-house. Echoing a demand last week by activist Tribeca Investment Partners, investors said the polluting fossil fuel would be a lucrative option - for a decade or two at least - even as it is phased out in favour of renewable energy. The Swiss-based miner and trader is set to see its coal unit grow sharply after it completes a $6.9 billion deal to buy the majority of Canadian miner Teck's one, but said it plans to list the combined assets separately in New York.

Reuters 28 days ago

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FOCUS-More investors push Glencore to keep coal post-Teck deal

A growing group of Glencore investors are keen for it to keep mining coal instead of spinning out the soon-to-be enlarged unit, with one eye on its financial outlook and another on the environmental benefits of keeping the fuel in-house. Echoing a demand last week by activist Tribeca Investment Partners, investors said the polluting fossil fuel would be a lucrative option - for a decade or two at least - even as it is phased out in favour of renewable energy. The Swiss-based miner and trader is set to see its coal unit grow sharply after it completes a $6.9 billion deal to buy the majority of Canadian miner Teck's one, but said it plans to list the combined assets separately in New York.

Reuters 28 days ago

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The Golden Age of Miner Dividends Might Be Coming to an End

Mining companies are likely to reduce shareholder dividends as they prioritize investments in finding and developing new resources due to rising commodity prices and potential shortages.

Oilprice.com 30 days ago

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Q4 2023 Li-Cycle Holdings Corp Earnings Call

Q4 2023 Li-Cycle Holdings Corp Earnings Call

Thomson Reuters StreetEvents 30 days ago

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Canadian miner Teck's Elk Valley clean up could cost at least C$6.4 billion, environment group says

TORONTO (Reuters) -The cost of cleaning British Columbia's (B.C.) Elk Valley river from the toxic materials released by Teck Resources' coal mining could be at least C$6.4 billion ($4.7 billion), a report released by not-for-profit group Wildsight on Tuesday said. Selenium, a naturally occurring element that is toxic to fish in high concentrations, has been leaching for decades from the piles of waste rock surrounding Canadian miner Teck's coal mines. Teck has set aside a bond of C$1.9 billion towards Elk Valley operations, in line with the B.C. government's requirement for miners to pay for any future damage arising from their work.

Reuters last month

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UPDATE 1-Activist Tribeca asks Glencore to move main listing to Sydney, FT reports

Activist investor Tribeca Investment Partners has called on Glencore to shift its primary listing from London to Sydney and abandon a plan to spin off its profitable coal business, the Financial Times reported on Wednesday. Tribeca wrote to the Swiss commodity giant's board this week with a list of proposals, including moving its listing to the Australian Securities Exchange to boost its share price, which it said had lagged behind its rivals, according to the report. The Australian hedge fund also recommended increasing dividends by discontinuing share buybacks and divesting a minority stake in Glencore's lucrative trading division via an initial public offering instead of spinning off its coal business, the FT said.

Reuters last month

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Tribeca Investment asks Glencore to move main listing to Sydney, FT reports

Activist investor Tribeca Investment Partners has called on Glencore to shift its primary listing from London to Sydney and abandon a plan to spin off its profitable coal business, the Financial Times reported on Wednesday. Tribeca, an Australian hedge fund, wrote to Glencore's board this week with a list of proposals to boost the share price, which it said had lagged behind rivals since the Swiss commodity giant's public offering in 2011, according to the report, which cited a letter seen by the FT. The hedge fund also recommended increasing dividends by discontinuing share buybacks and divesting a minority stake in Glencore's lucrative trading division via an initial public offering, the FT said.

Reuters last month

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Li-Cycle shares jump on securing $75 million investment from Glencore

Glencore had announced an investment of $200 million into Li-Cycle in 2022 through the purchase of a convertible note, as a strategic commercial partnership to supply both primary and recycled critical battery materials globally. “We are pleased to secure an additional $75 million investment from Glencore, following Glencore’s June 2022 investment, to improve our liquidity position while we continue our ongoing comprehensive review process," said Ajay Kochhar, CEO of Li-Cycle Holdings.

Reuters last month

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Silver Institute Membership Continues to Grow

WASHINGTON, March 12, 2024 (GLOBE NEWSWIRE) -- The Silver Institute is pleased to welcome five companies to its growing roster of members. These companies represent key areas of the broader silver industry and are based in Australia, Switzerland, Singapore, and the United States, further expanding the Silver Institute's global footprint. The new members include: The Australian Bullion Company (ABC Bullion), based in Sydney, is Australia's leading precious metal and bullion specialist. They have

GlobeNewswire last month

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Performance Overview

Return	GLEN.L	FTSE 100
YTD	+0.47%	+2.10%
1-Year	+0.49%	-0.17%
3-Year	+77.33%	+12.48%

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Glencore plc (GLEN.L)

Glencore and Trafigura’s Sanctions Games Are Draining the LME

Rusal Fears New Russia Metal Sanctions Put 36% of Sales at Risk

Russian Metal Hit With Sanctions as US Blocks Deliveries to LME

Congo Seeks Outside Advice on Imposing Cobalt Export Curbs

THE Mining Investment Event of the North, Quebec City - June 4-6, 2024 Announces Keynote Speaker, Maïté Blanchette Vézina, Quebec Minister of Natural Resources and Forests

Institutional investors have a lot riding on Glencore plc (LON:GLEN) with 41% ownership

Teck Resources (TECK) Q1 Steelmaking Coal Sales Fall Y/Y

Deutsche Bank Says Glencore May Weigh Listing Move to US

Rivers Near Congo Copper and Cobalt Mines are Toxic, Report Says

Those who invested in Glencore (LON:GLEN) three years ago are up 82%

Li-Cycle Holdings Corp. (NYSE:LICY) Q4 2023 Earnings Call Transcript

More investors push Glencore to keep coal post-Teck deal

FOCUS-More investors push Glencore to keep coal post-Teck deal

The Golden Age of Miner Dividends Might Be Coming to an End

Q4 2023 Li-Cycle Holdings Corp Earnings Call

Canadian miner Teck's Elk Valley clean up could cost at least C$6.4 billion, environment group says

UPDATE 1-Activist Tribeca asks Glencore to move main listing to Sydney, FT reports

Tribeca Investment asks Glencore to move main listing to Sydney, FT reports

Li-Cycle shares jump on securing $75 million investment from Glencore

Silver Institute Membership Continues to Grow

Performance Overview