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United Kingdom

Glencore PLC (GLEN.L)

GLEN.L on London Stock Exchange

291.60GBp
14 Nov 2018
Change (% chg)

-3.15 (-1.07%)
Prev Close
294.75
Open
291.80
Day's High
296.75
Day's Low
287.15
Volume
52,152,033
Avg. Vol
43,717,755
52-wk High
416.91
52-wk Low
284.37

Latest Key Developments (Source: Significant Developments)

Glencore PLC Sees A 178 KT Primary Nickel Deficit For 2018
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Glencore PLC ::PROJECTS A 178 KT PRIMARY NICKEL DEFICIT FOR 2018.SEES NPI PRODUCTION IN INDONESIA AT 250-260KT IN 2018, 320-330KT IN 2019, AND 380-400KT IN 2020.INDONESIAN NPI SUPPLY ACCELERATES, BUT CHINESE NPI HAS UNDERPERFORMED YEAR-TO-DATE DUE TO ENVIRONMENTAL RESTRICTIONS."AS EVIDENCED BY SUBSTANTIAL INVESTORY DRAWS, NICKEL PRODUCERS ARE UNABLE TO SERVICE DEMAND"."DO NOT EXPECT MATERIAL NON-NICKEL PIG IRON SUPPLY GROWTH FROM MAIN ACTORS"."STRONG EXPECTATION THAT SIZEABLE DEFICITS WILL CONTINUE IN THE FUTURE EVEN AT/BELOW TREND GROWTH", REFERING TO NICKEL MARKET.  Full Article

Glencore PLC Says China Nickel Pig Iron Production Lower Than Expected At 475 KT For 2018
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Glencore PLC ::NICKEL PIG IRON PRODUCTION IN CHINA IS LOWER THAN EXPECTED AT 475 KT FOR 2018.  Full Article

Century Aluminum Company Reports Q3 2018 Results
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Century Aluminum Co ::MPANY REPORTS THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.02.Q3 LOSS PER SHARE $0.23.Q3 SALES $481.8 MILLION VERSUS I/B/E/S VIEW $476.7 MILLION.Q3 EARNINGS PER SHARE VIEW $0.00 -- THOMSON REUTERS I/B/E/S.  Full Article

Glencore CEO Tells Investors He’ll Retire in 3 to 5 Years- Bloomberg
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Glencore PLC ::GLENCORE CEO TELLS INVESTORS HE'LL RETIRE IN 3 TO 5 YEARS- BLOOMBERG, CITING SOURCES.  Full Article

Glencore Says Martin Gilbert Resumes Position As Senior Independent Director
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - Glencore PLC ::BOARD UPDATE.MARTIN GILBERT HAS RESUMED HIS POSITION AS SENIOR INDEPENDENT DIRECTOR OF GLENCORE PLC WITH IMMEDIATE EFFECT..GILBERT RESUMES POSITION AFTER RESIGNATION YESTERDAY AS DEPUTY CHAIRMAN OF SKY PLC.  Full Article

ACCC Finalises Arbitration in Glencore-Port of Newcastle Dispute
Monday, 8 Oct 2018 

Oct 8 (Reuters) - Australian Competition & Consumer Commission: :FINALISED ARBITRATION OF A DISPUTE BETWEEN GLENCORE COAL ASSETS AUSTRALIA AND PORT OF NEWCASTLE OPERATIONS PTY LTD.DISPUTE WAS ABOUT TERMS AND CONDITIONS FOR ACCESSING THE 'DECLARED' SHIPPING CHANNEL SERVICE AT THE PORT OF NEWCASTLE.DETERMINED THAT PNO SHOULD REDUCE ITS CURRENT CHARGE FOR SHIPS ENTERING THE PORT TO CARRY GLENCORE’S COAL BY AROUND 20% TO $0.61/GT.  Full Article

Glencore Increases Buyback Programme By $1 Bln
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Glencore PLC ::INCREASE AND EXTENSION OF SHARE BUY-BACK PROGRAMME.ANNOUNCES AN INCREASE IN SIZE OF BUYBACK PROGRAMME BY AN ADDITIONAL AMOUNT OF UP TO $1 BILLION.EXTENSION OF DURATION OF BUYBACK PROGRAMME UNTIL CLOSE OF DEALINGS ON 20 FEBRUARY 2019.  Full Article

Glencore Says Consortium Has Completed 14.16 Pct Stake Sale In Rosneft
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Glencore PLC ::ROSNEFT STAKE HELD GLENCORE-QIA COMPLETION OF SALE.CONSORTIUM'S AGREEMENT TO SELL A 14.16 PCT STAKE IN ROSNEFT TO A UNIT OF QIA HAS NOW COMPLETED.  Full Article

Glencore CEO Says Mining Industry Looking At Legal Action On New DRC Mining Code
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Glencore Plc ::GLENCORE'S IVAN GLASENBERG SAYS INDUSTRY LOOKING AT LEGAL ACTION AGAINST DRC MINING CODE, STILL ROOM FOR NEGOTIATION WITH GOVERNMENT - CONF CALL.  Full Article

Glencore Posts HY Marketing Adjusted EBIT Of $1.5 Bln, Up 12 Pct
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Glencore PLC ::AGAINST A VOLATILE BUT FAVOURABLE TRADING AND COMMODITY PRICE ENVIRONMENT, MARKETING PERFORMED TOWARDS UPPER END OF GUIDANCE RANGE IN HY.HY FFO TO NET DEBT RATIO WAS 133.2 PERCENT VERSUS. 108.3 PERCENT REPORTED AS OF DEC. 31.HY ADJUSTED EBITDA OF $8.3 BILLION, UP 23%.HY NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS OF $2.8 BILLION, UP 13%.HY FUNDS FROM OPERATIONS OF $5.6 BILLION, UP 8%.HY NET DEBT OF $9.0 BILLION, DOWN 16%.2ND INSTALMENT OF 2018 DISTRIBUTION OF $1.4 BILLION ($0.10 PER SHARE) PAYABLE IN SEPTEMBER.HY MARKETING ADJUSTED EBIT OF $1.5 BILLION, UP 12%.IN HY LOWER CROP YIELDS IN KEY GEOGRAPHIES REFLECTED IN WEAKER AGRICULTURAL PRODUCTS PERFORMANCE; STRONGER H2 EXPECTED.2018E DISTRIBUTIONS / BUYBACKS NOW TOTAL $4.2 BILLION.GOING FORWARD, ANTICIPATES THAT CO'S ECONOMIC CONTRIBUTION AND PAYMENTS TO GOVERNMENT IN THE DRC WILL BE SIGNIFICANTLY HIGHER.AS PREVIOUSLY INDICATED, FY PERFORMANCE IS EXPECTED TO BE WITHIN THE TOP HALF OF THE LONG TERM $2.2-3.2 BILLION EBIT GUIDANCE RANGE."WHILE THE FINANCIAL MARKET OUTLOOK IS LIKELY TO REMAIN VOLATILE, WE REMAIN HIGHLY CONFIDENT IN THE STRENGTH OF OUR UNDERLYING BUSINESS".GLENCORE PLC SAYS "IN OUR COMMODITIES, DEMAND GROWTH APPEARS HEALTHY AND SUPPLY DISCIPLINE PERSISTS".COMMODITY PRICES IMPROVED OVER H1 2018, SUPPORTED BY HEALTHY DEMAND AND GENERALLY RELATIVELY TIGHT SUPPLY CONDITIONS.  Full Article

China plumbs ocean depths to extend its cobalt lead

LONDON, Nov 14 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.