NEW ARTICLE: Trends and Targets for 12/01/2018 " FTSE FOR FRIDAY (FTSE:UKX) So far this year, our world famous FTSE for FRIDAY freebie has experienced a 100% success rate. Which isn't saying a lot, given this is our 2nd Friday! The reverse limbo dance the markets play continues to fascinate ..."[link]
Re: Come on £4, you can do it And here we go £4.32 next then £4.50 and £4.80 and so on
Re: Come on £4, you can do it reverse head and shoulders would suggest rise to 550p
Re: Come on £4, you can do it anyone got any chart analysis?
Re: Come on £4, you can do it £4.04
Come on £4, you can do it
Big message Electric-Vehicle Boom Is a Boon for Coal King Glencore12/12/2017 5:17pmDow Jones NewsGlencore Plc (USOTC:GLNCY)Intraday Stock ChartToday : Tuesday 12 December 2017Click Here for more Glencore Plc Charts.Scott Patterson LONDON -- Glencore PLC, long known as one of the world's dominant coal traders, in a twist is finding itself the beneficiary of the greening of the global economy.The Swiss mining giant is benefiting from a coming boom in electric-vehicle production, which is driving up the value of copper, cobalt and nickel -- whose demand is expected to surge from production of the vehicles and the lithium-ion batteries that will power their growing fleets."Electric vehicles will be disruptive to the world," Chief Executive Ivan Glasenberg said on an investor call Tuesday, and will boost demand for those three commodities.The shift toward commodities that are likely to benefit from policies meant to curb global warming is a noteworthy shift for a company that once bet its future on coal. Mr. Glasenberg said days after Glencore's 2013 purchase of Xstrata PLC that the deal -- the mining sector's largest ever -- was a "a big play" on coal.But tumbling coal prices in the following years dinged Glencore's earnings, raising concerns that Mr. Glasenberg's bet had gone bust. Coal prices have rallied in the past year along with most other commodities.Now, commodities involved in the production of electric vehicles are becoming a primary earnings driver for Glencore. On Tuesday, the company forecast strong production growth in all three metals over the next few years, primarily due to electric-vehicle demand. It expects copper production to gain 25% by 2020 from 2017, cobalt -- of which it is the world's No. 1 producer -- to more than double and nickel to rise 23%.The company said it has completed an $880 million upgrade of one of its massive copper-mining operations in Congo -- Katanga Mining -- which will help it benefit from rising demand for copper and cobalt.Glencore had suspended production at Katanga in September 2015 so it could refurbish the mine and double annual production of copper to 300,000 metric tons, a goal it expects to reach in 2019. It said Katanga is expected to produce 34,000 tons of cobalt by then, likely making it the most productive cobalt mine in the world.A CRU Group report commissioned by Glencore forecast that by 2020, electric-vehicle related demand -- including grid infrastructure and storage, electricity generation, charging stations and the vehicles themselves -- could require an additional 390,000 tons of copper, 85,000 tons of nickel and 24,000 tons of cobalt.Year-to-date, copper prices have gained 19%, nickel is up 8.5% and cobalt has more than doubled, according to FactSet.Shares of Glencore are up 26% this year and have risen more than fivefold since investors fled the stock in 2015 amid concerns that tumbling commodity prices could strain the miner's debt-laden balance sheet. Since then, Glencore has slashed its net debt to $13.9 billion from nearly $30 billion.Cobalt, a byproduct of copper and nickel mining, is expected to see the biggest increase in demand from electric vehicles. Cobalt demand from electric vehicles could surge to 314,000 tons by 2030, a more than fourfold increase from global supply in 2016, according to the report by CRU, a London-based commodities researcher. Mr. Glasenberg said he doubts there is enough cobalt in the world to meet that demand."Cobalt is basically off the charts," Mr. Glasenberg said. He said metal prices are going to need to increase to provide incentives for miners to start new projects to supply the commodities required for rising electric-vehicle demand "which we believe is sitting around the corner."Analysts say rising demand for cobalt could provide a supply bottleneck for electric vehicles. One concern is over Congo, which supplies about 60% of the world's cobalt -- much of
Re-Suits More Suits on the pay roll.
Re: time to bail Really this bothers you ? Do you know how many share ivan glazenburg owns? Is he selling? I'll answer that NO"
Re: time to bail here you go the biggest trade of day so far - 080 - 06/12 Sell 528448 329.15p £1,739,386.59
Re: time to bail because previously it seemed to like a price around £2.75 and it's been dropping the past few weeks really with the odd blip. Market loves rotting the SP down to something small investors cant fathom out why it's so low. It's lost what 58p now in the past 2 weeks? not that impressive and others are jumping on the bandwagon. there was some major sells yesterday, like £12m, £6m etc. smart money knows its tanking for christmas and bailing. then again surprise smart money didn't sell them at £3.80+!
Re: time to bail Why would it go south of £3? Is it going bust? Coppers dropped from its high plus news from China on 14th December is keeping this low if china report steady then back up she goes
time to bail not letting this go south of £3 again without the profit.
Re: Sold I have no idea but all the miners are down not just glencore maybe they went up too fast or maybe china oulook but it seems very much over done to me
Re: Sold why is it continually sliding then day on day? brokers talk nonsense most of the time I've realised in their targets.