Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGlencore Share News (GLEN)

Share Price Information for Glencore (GLEN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 452.50
Bid: 452.45
Ask: 452.55
Change: -6.20 (-1.35%)
Spread: 0.10 (0.022%)
Open: 451.15
High: 453.10
Low: 449.30
Prev. Close: 458.70
GLEN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Nine countries join U.S. strategic minerals initiative

Thu, 26th Sep 2019 16:23

Sept 26 (Reuters) - The United States on Thursday said nine
countries have joined its initiative to help discover and
develop reserves of minerals used to make electric vehicles,
part of an effort to cut the world's reliance on China for the
high-tech materials.

Secretary of State Mike Pompeo on Thursday met with foreign
ministers from the nine countries on the sidelines of the United
Nations General Assembly in New York.

The countries joining the United States include Australia,
Botswana, Peru, Argentina, Brazil, Democratic Republic of the
Congo, Namibia, the Philippines and Zambia.

Under the Energy Resource Governance Initiative (ERGI)
announced in June, the United States will share mining expertise
with member countries to help them discover and develop their
minerals such as lithium, copper and cobalt, as well as advise
on management and governance frameworks to help ensure their
industries are attractive to international
investors.

"What we see is an opportunity to provide a government to
government engagement," Frank Fannon, the top U.S. energy
diplomat, said in an interview. "U.S. companies require a
certain set of above-ground conditions regardless of what's
below ground."

Washington grew more concerned recently about its dependence
on mineral imports after Beijing suggested using them as
leverage in the trade war between the world's largest economic
powers. That could interrupt the manufacture of a wide range of
consumer, industrial and military goods, including mobile
phones, electric vehicles, batteries, and fighter jets.

Mining companies in Congo have struggled to secure their
sites from small scale prospectors digging for minerals. In
June, 43 illegal miners were killed by a landslide at a Glencore
facility in Congo, highlighting the challenge.

When it first introduced ERGI, the State Department said
Canada was part of the initiative, but the U.S. neighbor was not
listed as a member on Thursday because Foreign Minister Chrystia
Freeland stayed at home for the election campaign period.

A U.S. official said the Trump administration "remains
hopeful that Canada will join the initiative in the near
future."

The U.S. Department of Defense is also searching for better
supplies of strategic minerals, including rare earths, around
the globe. Reuters reported in June that the Pentagon held talks
with Malawi's Mkango Resources Ltd, Burundi's Rainbow
Rare Earths Ltd and other miners about securing
supply.
(Reporting by Timothy Gardner and Ernest Scheyder
Editing by Marguerita Choy)

More News
25 Jan 2024 15:06

UK earnings, trading statements calendar - next 7 days

Friday 26 January 
Paragon Banking Group PLCTrading Statement
Record PLCTrading Statement
Superdry PLCHalf Year Results
Taylor Maritime Investments LtdTrading Statement
WH Smith PLCTrading Statement
YouGov PLCTrading Statement
Monday 29 January 
Team Internet Group PLCTrading Statement
Tuesday 30 January 
Diaceutics PLCTrading Statement
Diageo PLCHalf Year Results
Kromek Group PLCHalf Year Results
Luceco PLCTrading Statement
Oxford Cannabinoid Technologies Holdings PLCHalf Year Results
Pets at Home Group PLCTrading Statement
Renewi PLCTrading Statement
Saga PLCTrading Statement
SSP Group PLCTrading Statement
SThree PLCFull Year Results
Synthomer PLCTrading Statement
Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Thursday 1 February 
Airtel Africa PLCTrading Statement
AG Barr PLCTrading Statement
BT Group PLCTrading Statement
Cranswick PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
Rank Group PLCHalf Year Results
Shell PLCFull Year Results
TClarke PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
25 Jan 2024 13:54

Second-largest US aluminum plant to lay off most staff -local news

Jan 25 (Reuters) - The second-largest U.S. aluminum smelter in southeast Missouri will not require "most employees" after curtailing its operations by Jan. 28, according to a local news report on Wednesday, citing a letter from plant management.

Read more
25 Jan 2024 13:26

Second-largest US aluminum plant to lay off most staff -local news

Jan 25 (Reuters) - The second-largest U.S. aluminum smelter in southeast Missouri will not require "most employees" after curtailing its operations by Jan. 28, according to a local news report on Wednesday citing a letter from plant management.

Read more
24 Jan 2024 17:15

British equities hit one-week high as China pledges boost sentiment

China stimulus hopes lift miners

*

Read more
24 Jan 2024 16:31

London close: Stocks rise on positive news from China

(Sharecast News) - London markets finished with a positive performance on Wednesday, driven by gains in the mining sector following China's announcement of an upcoming reduction in the reserve requirement ratio for banks.

Read more
24 Jan 2024 10:25

Tullow Oil annual revenue grows as production surges; outlook strong

(Alliance News) - Tullow Oil PLC on Wednesday said it has maintained a positive outlook for the year ahead, as higher production drove its annual revenue.

Read more
23 Jan 2024 17:46

London close: Stocks slip as focus shifts to US earnings

(Sharecast News) - London's stock markets experienced a downturn on Tuesday, despite the release of favourable UK borrowing figures as investors turned their focus to earnings from prominent US companies on Wall Street.

Read more
23 Jan 2024 17:10

FTSE 100 ends flat as insurers overshadow miners boost

Miners rise after talks of China stimulus

*

Read more
19 Jan 2024 21:34

Viterra workers in Saskatchewan agree to new contract - union

WINNIPEG, Manitoba, Jan 19 (Reuters) - More than 400 Saskatchewan workers at grain handler Viterra have agreed the Rotterdam-based company's contract offer, their union said on Friday, averting a potential strike.

Read more
18 Jan 2024 16:51

Glencore, Trafigura target spot prices for mined copper sales, sources say

LONDON/BEIJING, Jan 18 (Reuters) - Glencore and Trafigura are pushing Asian smelters to accept low spot prices for turning their mined copper into metal this year, as opposed to industry benchmarks that are much higher, three sources with knowledge of the matter said.

Read more
18 Jan 2024 11:00

China widens South America trade highway with Silk Road mega port

CHANCAY, Peru, Jan 18 (Reuters) - In September, a group of Brazilian farmers and officials arrived in the Peruvian fishing town of Chancay. The draw: a new Chinese mega port rising on the Pacific coast, promising to turbo charge South America's trade ties with China.

Read more
17 Jan 2024 19:12

Transnet plans to partially reopen coal line after derailment

Jan 17 (Reuters) - South African freight rail operator Transnet plans to reopen the first of two coal lines to the country's major coal export terminal on Thursday after it was blocked following a train collision last weekend, the company said on Wednesday.

Read more
17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

Read more
17 Jan 2024 12:00

LONDON MARKET MIDDAY: UK inflation uptick, weak China data hits stocks

(Alliance News) - Stock prices in London were lower at midday Wednesday, as hotter-than-expected UK inflation data served as a setback to early rate cut expectations.

Read more
17 Jan 2024 09:10

LONDON BROKER RATINGS: UBS cuts Shell, Admiral and M&G to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.