GLEN.L - Glencore Plc

LSE - LSE Delayed Price. Currency in GBp
298.50
+2.60 (+0.88%)
As of 1:29PM GMT. Market open.
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Previous Close295.90
Open297.25
Bid298.45 x 1586300
Ask298.35 x 294500
Day's Range295.45 - 299.37
52 Week Range284.40 - 416.90
Volume19,250,074
Avg. Volume50,496,755
Market Cap41.576B
Beta (3Y Monthly)1.27
PE Ratio (TTM)7.11
EPS (TTM)42.00
Earnings DateFeb 19, 2019 - Feb 25, 2019
Forward Dividend & Yield0.15 (5.16%)
Ex-Dividend Date2018-09-06
1y Target Est5.21
  • Reuters2 days ago

    China's CEFC paid out compensation after Rosneft stake deal fell through

    CEFC paid almost 225 million euros (199.91 million pounds) in compensation to a consortium of Qatar Investment Authority and Glencore (GLEN.L) after the Chinese firm's deal to buy a stake in Russian oil firm Rosneft fell through, a document showed. The chief executive of Rosneft (ROSN.MM), Igor Sechin, said in September 2017 that CEFC had signed a deal to buy 14.2 percent of Rosneft from Qatar and Glencore.

  • Financial Times2 days ago

    [$$] Vitol’s first-half profits tumble as volatile energy markets bite

    suffered a sharp drop in profits during the first six months of 2018 as the world’s biggest independent oil trader struggled with volatile energy markets and tough trading conditions. The privately owned company, which is run out of London by chief executive Russell Hardy, posted net income of $250m in the six months to June, down from $450m to $500m in the same period a year ago, according to people familiar with the results. Vitol’s difficult first-half showing adds to evidence that some of the world’s biggest commodity houses have struggled this year, whipsawed by wrong-way trades in volatile oil markets and a broader industry backdrop that has not been conducive to easy profits.

  • Financial Times5 days ago

    [$$] Export ban on Glencore’s Kamoto mine lifted

    Katanga Mining, which is controlled by Glencore, said the DRC’s customs agency, Direction Générale des Douanes et Accises. A review undertaken by Glencore found Katanga had incorrectly reported copper production in 2014 when it overstated output by 6,650 tonnes.

  • Congo Lifts Export Ban on Glencore's Copper and Cobalt Unit
    Bloomberg6 days ago

    Congo Lifts Export Ban on Glencore's Copper and Cobalt Unit

    “They submitted a request,” Jean Baptiste Nkongolo Kabila, director general of Congo’s custom’s agency, said Thursday by phone. Katanga Mining Ltd., which is controlled by Glencore, said in a statement earlier Thursday it had been blocked on Nov.9 from exporting copper and cobalt from Congo over a dispute around payments on copper that was never actually mined years ago. The Congo government is asking for $129.8 million to settle the dispute, a number rejected by Katanga.

  • Glencore's Latest Congo Setback Gets a Shrug From Investors
    Bloomberg6 days ago

    Glencore's Latest Congo Setback Gets a Shrug From Investors

    In the latest twist, Katanga Mining Ltd., in which Glencore owns 86 percent, said it’s been blocked from exporting copper and cobalt from the Congo over a dispute around payments on copper that was never actually mined years ago. Katanga Mining and its Kamoto copper and cobalt mine is one of Glencore’s most important growth projects. The Congo government is asking for $129.8 million to settle the dispute, a number rejected by Katanga.

  • Reuters6 days ago

    GRAPHIC-Global cobalt glut won't be stemmed by Glencore Congo output stoppage

    Disruptions to cobalt supplies in the Democratic Republic of Congo are not expected to eradicate a glut of the material used to make batteries for electric vehicles, thwarting hopes that prices can be boosted from their lowest since March last year. Glencore last week said its subsidiary Katanga Mining had halted cobalt exports from the Kamoto Project in DRC while it builds a facility to remove uranium. Prices of cobalt metal, at around $55,000 a tonne, have barely moved since the announcement on Nov. 6.

  • Reuters6 days ago

    Glencore's Katanga warns of earnings hit if Congo row not resolved

    Katanga Mining expects its earnings to be hit if a row with Democratic Republic of Congo that has prevented it from importing and exporting copper is not resolved soon. Although Glencore's Katanga said on Thursday that copper production was continuing as normal, it warned that its earnings would be affected if the dispute is not settled. "Unless the dispute with the DGDA (customs authority) is resolved and KCC's (Kamoto Copper Company) imports and exports are permitted to resume in the near future, the suspension of imports and exports is expected to negatively impact the Company's production and revenue," it said.

  • Financial Times6 days ago

    [$$] Glencore hits further turbulence in DRC

    Glencore’s key business in Democratic Republic of Congo has become embroiled in a fresh row with government this time over export duties. A subsequent review found Toronto-listed Katanga had incorrectly reported copper production in 2014 when it overstated output by 6,650 tonnes.

  • Reuters7 days ago

    China plumbs ocean depths to extend its cobalt lead

    China, the leading holder of international deep sea exploration licences, has increased its lead in the race for alternative sources of battery minerals by taking samples from cobalt-bearing mountains deep in the Pacific. The cobalt-rich crusts could one day curb the world's dependence on cobalt from Democratic Republic of Congo, but most companies say deep sea mining is a distant prospect. Maersk Supply Service, part of shipping company Maersk , is working with Canada's DeepGreen to harvest metallic rocks from the ocean floor.

  • Global cobalt glut won't be stemmed by Glencore Congo output stoppage
    Reuters7 days ago

    Global cobalt glut won't be stemmed by Glencore Congo output stoppage

    Disruptions to cobalt supplies in the Democratic Republic of Congo are not expected to eradicate a glut of the material used to make batteries for electric vehicles, thwarting hopes that prices can be boosted from their lowest since March last year. Glencore (GLEN.L) last week said its subsidiary Katanga Mining (KAT.TO) had halted cobalt exports from the Kamoto Project in DRC while it builds a facility to remove uranium. Prices of cobalt metal (CBD3), at around $55,000 a tonne, have barely moved since the announcement on Nov. 6.

  • Financial Times7 days ago

    [$$] Pressure cranked up on big commodity traders’ dealmaking

    Campaign groups have cranked up the pressure on the world’s biggest commodity traders, asking regulators to investigate the use of middlemen and well-connected individuals to secure lucrative oil deals in resource-rich countries. “The case of Vitol in Kazakhstan highlights the need of specific regulation of the commodity trading sector,” said Public Eye.

  • Reuters10 days ago

    COLUMN-Glencore's radioactive shock for the cobalt market: Andy Home

    Glencore's Katanga mine in the Democratic Republic of Congo (DRC) was supposed to transform the cobalt market. After two years of being offline, Katanga's ramp-up was going to add 11,000 tonnes to global supply this year. The surge, equivalent to 10 percent of world production last year, would flip the global market from supply shortfall to surplus.

  • Reuters12 days ago

    FTSE falls as Fed stalls election rally; miners sink on weak prices

    LONDON (Reuters) - UK shares fell on Friday, ending two days of gains as weak metals prices weighed, Burberry sank 5 percent and Wall Street opened lower after a hawkish Federal Reserve statement renewed ...

  • Exclusive: Russian state bank secretly financed Rosneft sale after foreign buyers balked
    Reuters12 days ago

    Exclusive: Russian state bank secretly financed Rosneft sale after foreign buyers balked

    MOSCOW/LONDON (Reuters) - It was billed as the deal that proved Russia remained open for business. "I want to congratulate you", Russian President Vladimir Putin told his trusted ally Igor Sechin, after greeting him with a warm handshake in the Kremlin in December, 2016. Sechin had just announced the sale to Qatar's sovereign wealth fund and giant commodity trader Glencore of a 19.5 percent stake in Rosneft, the state oil giant that he runs.

  • Reuters12 days ago

    Exclusive: Russian state bank secretly financed Rosneft sale after foreign buyers baulked

    MOSCOW/LONDON (Reuters) - It was billed as the deal that proved Russia remained open for business. "I want to congratulate you", Russian President Vladimir Putin told his trusted ally Igor Sechin, after greeting him with a warm handshake in the Kremlin in December, 2016. Sechin had just announced the sale to Qatar's sovereign wealth fund and giant commodity trader Glencore of a 19.5 percent stake in Rosneft, the state oil giant that he runs.

  • Financial Times12 days ago

    [$$] Cobalt’s supply shock a painful warning to carmakers

    out of its largest mine in the Democratic Republic of Congo following the discovery of radioactive uranium in the metal, an unfortunate twist for the Swiss-based trader that could give the wider market a recharge. Last year, cobalt prices almost doubled from a year earlier as carmakers scrambled to secure supplies of a metal with which they were not familiar — a race symbolised by Volkswagen’s summoning of producers to its Wolfsburg headquarters in an attempt to hash out a supply deal. This year, however, prices have fallen about 6 per cent, to $33.50 a pound, as Glencore and other large miners ramped up supply.

  • The Wall Street Journal13 days ago

    [$$] Anticorruption Group Accuses Top Commodities Firms of Engaging Risky Middlemen

    The top three global commodity trading firms used or engaged middlemen with links to a massive Brazilian corruption investigation that led to the imprisonment of that country’s former president, according to an anticorruption group. PLC and Trafigura Group Pte. Ltd. were accused by Global Witness of dealing with men accused or convicted of involvement in Brazil’s “Operation Car Wash” investigation, also known as Lava Jato. Global Witness, a London-based anticorruption activist and investigative group, said it dug through hundreds of Brazilian court documents and spoke with sources across Brazil to compile its report.

  • Reuters13 days ago

    Chile copper output hits 4.25 mln tonnes thru September, up 7.3 y/y - Cochilco

    Chile's copper production from January to September this year jumped 7.3 percent from a year earlier, boosted by a sharp increase in production at BHP's Escondida copper mine. Chile, the world's top copper exporter, produced 4.25 million tonnes of copper in the first nine months of 2018. Escondida, in northern Chile, produced 950,900 tonnes through September, up 57.8 percent from the same period in 2017, when a strike shut down the mine for more than 40 days.

  • Why Finding Radioactive Cobalt Is a Good Thing for Glencore
    Bloomberg14 days ago

    Why Finding Radioactive Cobalt Is a Good Thing for Glencore

    “It’s nice to finally have some positive news in the market,” Gordon Buchanan, a senior trader at Stratton Metal Resources, said by phone from London. Glencore has a long history of curtailing supply to meet demand, and has long criticized rivals for producing too much and depressing prices. As supply increased, mined products like cobalt hydroxide traded at widening discounts.

  • Reuters15 days ago

    Uranium levels force Glencore unit Katanga to halt cobalt exports

    Glencore subsidiary Katanga Mining has halted cobalt exports from its Kamoto Project in Democratic Republic of Congo while it builds a facility to remove uranium, it said on Tuesday. Katanga shares, listed in Toronto, fell around 20 percent by 1654 GMT, while Glencore fell nearly 3 percent in London trade. To remove uranium found in levels above the acceptable limit for export, Katanga plans to build an Ion Exchange system, at a cost of around $25 million.

  • Glencore's Congo Unit Halts Sales of Radioactive Cobalt
    Bloomberg15 days ago

    Glencore's Congo Unit Halts Sales of Radioactive Cobalt

    Katanga Mining Ltd., controlled by Glencore, said Tuesday it will build an ion exchange system to remove uranium, which is expected to cost about $25 million and be ready by the end of the second quarter. There has been a supply-side response to a spike in cobalt prices, fueled by bullish expectations of growth in electric vehicles.Katanga accounts for about a quarter of Glencore’s African cobalt production, with 6,500 metric tons of the metal being mined in the first nine months of the year. Glencore produced 25,700 tons in Congo in that period.Glencore has been ramping up cobalt supply this year amid a boom in batteries, boosting production by 44 percent in the first nine months.

  • Reuters15 days ago

    Katanga temporarily suspends cobalt exports from Congo mine

    Glencore subsidiary Katanga Mining Ltd said on Tuesday it would temporarily suspend cobalt exports from its Kamoto Project in Congo after it found excessive levels of uranium in the ore. The company said ...

  • Reuters15 days ago

    (OFFICIAL)-Russia's Rosneft says Qatari fund to pay 3.7 bln euros for Rosneft stake

    Russian oil giant Rosneft said on Tuesday that the Qatar Investment Authority sovereign wealth fund would pay around 3.7 billion euros for a half of a 14.16 percent stake in the company. The QIA would ...