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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Glencore plc    GLEN   JE00B4T3BW64

GLENCORE PLC

(GLEN)
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Glencore : LME copper gains, Shanghai copper flat ahead of China Q3 GDP data

10/18/2020 | 09:48pm EST

MANILA, Oct 19 (Reuters) - London copper rose while Shanghai prices were little changed on Monday as investors awaited third-quarter economic growth data from top metals consumer China, as well as monthly production and retail sales numbers.

Three-month copper on the London Metal Exchange rose 0.4% to $6,768.50 a tonne by 0131 GMT, while the most-traded November contract on the Shanghai Futures Exchange was virtually flat at 51,470 yuan ($7,686.45) a tonne.

The Chinese economy will likely expand by about 2% this year as the country has put the COVID-19 pandemic under control, central bank governor Yi Gang said on Sunday.

FUNDAMENTALS

* The union of supervisors at BHP's Escondida mine in Chile has reached an agreement on a labor deal, averting the threat of a strike at the world´s largest copper deposit.

* Glencore is talking with car makers and battery makers about nickel - a key component in electric vehicle batteries which Tesla CEO Elon Musk has asked miners to produce more of.

* For the top stories in metals and other news, click or

MARKETS NEWS

* Asian markets started higher on Monday, buoyed by hopes of a U.S fiscal package before the U.S. presidential elections next month and expectations of a coronavirus vaccine by the end of this year.

DATA/EVENT AHEAD (GMT)

0200 China GDP Q3

0200 China Industrial Output Sept

0200 China Urban Investment (YTD) Sept

0200 China Retail Sales Sept

1400 U.S. NAHB Housing Market Index Oct

1545 Federal Reserve Vice Chair Richard Clarida speaks on "U.S. Economic Outlook and Monetary Policy" before virtual American Bankers Association Convention

PRICES

Three month LME aluminium

Most active ShFE aluminium

Three month LME zinc

Most active ShFE zinc

Three month LME lead

Most active ShFE lead

Three month LME nickel

Most active ShFE nickel

Three month LME tin

Most active ShFE tin

(Reporting by Enrico Dela Cruz in Manila; Editing by Aditya Soni)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
GLENCORE PLC 1.15% 214.65 Delayed Quote.-9.26%
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Financials (USD)
Sales 2020 164 B - -
Net income 2020 -2 041 M - -
Net Debt 2020 33 899 M - -
P/E ratio 2020 -19,6x
Yield 2020 1,62%
Capitalization 37 591 M 37 632 M -
EV / Sales 2020 0,44x
EV / Sales 2021 0,36x
Nbr of Employees 160 000
Free-Float 75,0%
Chart GLENCORE PLC
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Glencore plc Technical Analysis Chart | GLEN | JE00B4T3BW64 | MarketScreener
Technical analysis trends GLENCORE PLC
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 2,97 $
Last Close Price 2,84 $
Spread / Highest target 33,4%
Spread / Average Target 4,33%
Spread / Lowest Target -72,9%
EPS Revisions
Managers
NameTitle
Ivan Glasenberg Chief Executive Officer & Executive Director
Anthony Bryan Hayward Independent Non-Executive Chairman
Steven F. Kalmin Chief Financial Officer
Peter Roland Coates Non-Executive Director
Leonhard Heinrich Fischer Independent Non-Executive Director