Glencore PLC (GLEN)

Glencore News & Analysis

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  Glencore shares rise after AllianceBernstein upgrades rating

  By Scott Kanowsky  Investing.com -- Shares in Glencore PLC (LON:GLEN) moved higher on Wednesday after analysts at AllianceBernstein raised their rating of the mining giant, citing an...

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  Glencore to sell Australian copper mine to SPAC for $1.1 billion

  (Reuters) – Glencore said on Wednesday that blank-check firm Metal Acquisition Corp (MAC) agreed to an amended agreement to buy the global miner’s Cobar copper mine in Australia in a...

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  Chad agrees debt plan with creditors, including Glencore, says minister

  N’DJAMENA (Reuters) – Chad has reached agreement on a debt plan with creditors, including Swiss commodities trader Glencore, finance minister Tahir Hamid Nguilin said in a statement on...

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  Exclusive-Glencore, Chad creditors agree in principle on terms of debt treatment – source

  By Andrea Shalal WASHINGTON (Reuters) – Switzerland-based Glencore, China and Chad’s other creditors have reached an agreement in principle on a debt treatment plan for the African...

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  Russia’s Sberbank sues Glencore for $116 million over oil supplies

  MOSCOW (Reuters) – Russia’s largest lender, Sberbank, is suing global commodities trader Glencore for around 117 million euros ($116 million) over unpaid oil supplies, the database of...

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  Glencore ordered to pay R5.7bn over African bribes

  The commodities trading giant admitted to seven counts of bribery across five countries.

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  UK court fines Glencore unit 182.9 million pounds for bribery offences

  LONDON (Reuters) – A London court fined the British subsidiary of mining and trading group Glencore 182.9 million pounds ($205.87 million) on Thursday for seven bribery offences in...

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  News24.com | UK court finds Glencore must pay R2bn for bribing African officials

  A London court approved on Thursday a confiscation order of 93.5 million pounds (R2 billion) against the British subsidiary of mining and trading group Glencore for seven bribery offences in...

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  UK court approves $105 million confiscation order against Glencore unit

  LONDON (Reuters) -A London court approved on Thursday a confiscation order of 93.5 million pounds ($105.29 million) against the British subsidiary of mining and trading group Glencore for...

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  Cash, traders and oil: How Glencore bribed its way across Africa

  Glencore admitted its guilt and is due to be sentenced in the UK case on Thursday.

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  Glencore Faces Further Bribery Penalties in the U.K.

  British prosecutors are seeking over $200 million in penalties from Glencore to resolve a probe into bribery in Africa, and they said they now want to prosecute a number of the commodities...

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  Glencore employees moved bribes cash by private jet, London court told

  By Sam Tobin LONDON (Reuters) – Employees and agents of a British subsidiary of mining and trading group Glencore used private jets to transfer cash to pay bribes to oil officials in...

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  News24.com | Glencore flew cash across Africa in private jets to pay bribes

  Glencore officials delivered cash in private jets to officials across Africa, UK prosecutors said as they laid out a web of bribery and corruption orchestrated by the London oil trading...

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  Tesla Talked to Glencore About Buying Stake

  Discussions were preliminary and didn’t result in any deal. Tesla is already a customer of Glencore, a big cobalt producer.

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  Tesla-Glencore Talks, Russia Grain Deal, Lula Victory - What's Moving Markets

  By Geoffrey Smith Investing.com -- Tesla eyes radical steps to lock in supplies of key battery metals, while Apple's main supplier is scrambling to relocate staff away from its biggest...

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  Why Tesla Considered Taking A Stake In Glencore

  Tesla was in talks with Glencore earlier this year about potentially buying a stake in the mining giant, sources with knowledge of the matter told the Financial Times on Monday, as EV...

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  Glencore Shares Slip as Tesla Reportedly Eyes Potential Stake Purchase

  By Scott Kanowsky  Investing.com -- Tesla Inc (NASDAQ:TSLA) has been in talks with Glencore PLC (LON:GLEN) over the electric carmaker potentially taking a stake in the Swiss commodities...

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  Glencore cuts zinc output guidance after production drops 18% in nine months

  LONDON (Reuters) – Glencore produced 18% less zinc in the first nine months compared with the same period a year before, the company said on Friday as it trimmed its full-year output...

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  Glencore set for record 2022 trading profit despite second-half fall

  LONDON (Reuters) – Glencore expects second-half operating profit at its trading arm to fall sharply from the previous six months to $1.6 billion, it said on Friday, but it remains on...

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  Dow Jones Newswires: Glencore cuts guidance as production falls in most commodities for year to date

  The company blamed a number of issues for its performance, including extreme weather in Australia, industrial action at nickel assets in Canada and Norway and supply-chain issues in...

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  Nigeria loses compensation bid over Glencore bribery

  By Sam Tobin LONDON (Reuters) – Nigeria’s bid to claim compensation from a British subsidiary of mining and trading group Glencore over bribes paid to officials at Nigeria’s state oil...

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  Exclusive-Glencore delivers Russian-origin aluminium into LME system -sources

  By Pratima Desai and Mai Nguyen (Reuters) – Commodity trader Glencore has delivered significant amounts of Russian-origin aluminium to London Metal Exchange registered warehouses in...

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  Glencore Slows Zinc Smelting As Energy Prices Sting

  Via AG Metal Miner Glencore plans to place the zinc smelting line at its Nordenham plant in northern Germany on care and maintenance starting November 1. This represents yet another major...

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  News24.com | Glencore faces flood of UK litigation after bribery charges

  Glencore faces a raft of class-action style lawsuits from investment and pension funds in the UK, months after the mining giant pleaded guilty to market manipulation and bribery.

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  Glencore to place Nordenham zinc smelter on care and maintenance from Nov 1

  LONDON (Reuters) – Miner and trader Glencore will place its Nordenham zinc smelter in Germany on care and maintenance from Nov. 1, it said in a memo.

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  Glencore Shares Rise After Miner Unveils Extra Dividend, Buybacks

  By Scott Kanowsky  Investing.com -- London-listed shares in Glencore PLC (LON:GLEN) rose on Thursday after the mining giant pledged to deliver an extra $4.5B to shareholders as...

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  U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 1.15%

  Investing.com – U.K. equities were higher at the close on Thursday, as gains in the Automobiles & Parts, Industrial Metals & Mining and Life Insurance/Assurance sectors propelled shares...

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  Miners Gain on Report of Chinese Fiscal Stimulus Plans

  By Geoffrey Smith  Investing.com -- London-listed mining stocks rallied hard on Thursday after a newswire report suggesting that China is prepared to ramp up infrastructure spending again in...

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  U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.01%

  Investing.com – U.K. equities were higher at the close on Friday, as gains in the Electrical, Industrial Transportation and Food & Drug Retailers sectors propelled shares higher. At the...

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  U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.92%

  Investing.com – U.K. equities were lower at the close on Wednesday, as losses in the Industrial Metals & Mining, Oil & Gas Producers and Life Insurance/Assurance sectors propelled shares...

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  Glencore Rises After Smashing Forecasts with Trading Profit

  By Geoffrey Smith Investing.com -- Glencore (LON:GLEN) stock rose 2.5% in early trading in London on Friday, putting it at the top of the FTSE 100 index, after it said it had cashed in...