Roundtable Discussion; The Future of Mineral Sands. 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: 453.50
Bid: 453.50
Ask: 453.65
Change: -5.20 (-1.13%)
Spread: 0.15 (0.033%)
Open: 451.15
High: 454.95
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
29 Dec 2023 14:13

Europe Gasoline/Naphtha-Margins rise on Friday but close 2023 down nearly 9%

LONDON, Dec 29 (Reuters) - Northwest European gasoline refining margins rose to about $8.59 a barrel in the year's final session, down by around 8.6% from the final session of 2022.

Trades   Bids     Offers   Prev.    Sellers  Buyers
(vol.) Trades
Ebob
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob
Barges
E10
Platts(fo
b ARA)
Ebob $719.25 $730.30 Varo Petroin
Barges on 10KT (10KT) eos, BP
Argus
E5(fob
AR)
Ebob $717.50 $734.45 Exxon Totsa,
Barges on 14KT (21KT) Varo,
E10 Argus Shell,
(fob AR) Gunvor
Jan. swap $723.50 $733.5
fob ARA 0
Premium $776-78 $805 Petroin Trafigu
Unleaded 0 eos ra
(fob ARA)
<PU-10PP-
ARA>
Cargoes
(fob MED)
Cargoes
(cif NEW)
Naphtha Jan +$2
(cif NEW)
<NAF-C-NW
E>

Ebob crack (per barrel) $8.59 Prev. $7.85
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Robert Harvey; Editing by Kirsten Donovan)

Read more
28 Dec 2023 17:36

Europe Gasoline/Naphtha-Margins firm as Atlantic basin inventories fall

LONDON, Dec 28 (Reuters) - Northwest European gasoline refining margins rose to about $7.85 a barrel on Thursday amid a fall in inventories on both sides of the Atlantic.

Trades   Bids     Offers   Prev.    Sellers  Buyers
(vol.) Trades
Ebob
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob
Barges
E10
Platts(fo
b ARA)
Ebob $730.30 $737-$7 Varo Trafigu
Barges (10KT) 39.50 ra, BP
Argus
E5(fob
AR)
Ebob $734.45 $733-$7 Shell, Totsa,
Barges (21KT) 47 Exxon Varo,
E10 Argus BP
(fob AR)
Jan. swap $733.5 $745
fob ARA 0
Premium $805 $817 Totsa Trafigu
Unleaded ra
(fob ARA)
<PU-10PP-
ARA>
Cargoes
(fob MED)
Cargoes $812
(cif NEW) (cif
Thames)
Naphtha Jan +$8 Jan
(cif NEW) +$10
<NAF-C-NW
E>

Ebob crack (per barrel) $7.85 Prev. $7.07
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Ahmad Ghaddar; Editing by Kirsten Donovan)

Read more
27 Dec 2023 17:08

Europe Gasoline/Naphtha-Margins steady as Red Sea concerns ease

LONDON, Dec 27 (Reuters) - Northwest European gasoline refining margins were little changed at $7 a barrel on Wednesday amid thin trading and easing concerns over supply disruptions in the Red Sea.

Trades   Bids     Offers   Prev.    Sellers  Buyers
(vol.) Trades
Ebob
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob
Barges
E10
Platts(fo
b ARA)
Ebob $737-$7 $734.50 Varo, Trafigu
Barges 39.50 (8KT) Shell ra
Argus
E5(fob
AR)
Ebob $733-$7 $733.75 Exxon, Total,
Barges 47 (10KT) Shell Varo
E10 Argus
(fob AR)
Jan. swap $745 $738.75
fob ARA
Premium $817 $805 Total Trafigu
Unleaded ra
(fob ARA)
<PU-10PP-
ARA>
Cargoes Jan +$1
(fob MED) (fob
Barcelo
na);
Jan +$8
(fob
Tangier
)
Cargoes $812 Gunvor Vitol
(cif NEW) (cif
Thames)
Naphtha Jan +$4 Jan +$8
(cif NEW)
<NAF-C-NW
E>

Ebob crack (per barrel) $7.07 Prev. $7.01
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Ron Bousso; Editing by Emelia Sithole-Matarise)

Read more
27 Dec 2023 12:06

LONDON MARKET MIDDAY: Stocks hold onto gains amid US rate cut hopes

(Alliance News) - London's FTSE 100 index was outperforming other European stock-price measures at midday on Wednesday, boosted by gains for miners and industrials.

Read more
27 Dec 2023 11:02

Horizonte shares soar on USD20 million interim fundraise

(Alliance News) - Horizonte Minerals PLC on Wednesday celebrated securing a USD20 million package to provide liquidity, while it works towards a full funding solution.

Read more
27 Dec 2023 08:48

LONDON MARKET OPEN: FTSE 100 gains led by miners and industrials

(Alliance News) - Stock prices in London opened in the green on Wednesday, as hopes for US interest rate cuts in the new year continued to propel global equities higher.

Read more
22 Dec 2023 10:48

Abu Dhabi's IRH to invest $1.1 bln in Zambia's Mopani Copper Mines

UAE investor to take 51% stake in Mopani

*

Read more
21 Dec 2023 17:48

Europe Gasoline/Naphtha-Margins edge lower, ARA stocks fall

LONDON, Dec 21 (Reuters) - Northwest European gasoline refining margins fell by 13 cents to $7.05 a barrel on Thursday as stocks in ARA fell 6.7% during the week to Thursday, according to Dutch consultancy Insights Global.

Trades   Bids     Offers   Prev.    Sellers  Buyers
(vol.) Trades
Ebob
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob
Barges
E10
Platts(fo
b ARA)
Ebob $737.75 $742 Varo, Trafigu
Barges on 10KT (8KT) Shell ra,
Argus Mabanaf
E5(fob t,
AR) Gunvor
Ebob $731.25 $742 Exxon, Totsa,
Barges on 18KT (10KT) Shell Mabanaf
E10 Argus t,
(fob AR) Sahara,
Varo
Jan. swap $735.75 $748.50
fob ARA
Premium $792
Unleaded Dec.
(fob ARA) 30-Jan.
<PU-10PP- 3, $761
ARA> Jan.
1-5
Cargoes
(fob MED)
Cargoes
(cif NWE)
Naphtha 2H Dec Balmo MOP +$1
(cif NWE) +$10 Dec +$5
<NAF-C-NW
E>

Ebob crack (per barrel) $7.05 Prev. $7.18
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Robert Harvey. Editing by Jane Merriman)

Read more
21 Dec 2023 10:14

Middle East Crude-Benchmarks dip in thin trade; Rongsheng closes tenders

SINGAPORE, Dec 21 (Reuters) - Benchmark Dubai crude slipped back into a discount on Thursday amid relatively quiet trade, while Oman and Murban also softened.

Read more
19 Dec 2023 17:15

Europe Gasoline/Naphtha-Margins drop as ample supplies offset Red Sea concerns

LONDON, Dec 19 (Reuters) - Northwest European gasoline refining dropped to $7.2 a barrel on Tuesday as ample supplies in the Atlantic basin offset concerns due to tanker disruptions in the Red Sea.

Trades   Bids     Offers   Prev.    Sellers  Buyers
(vol.) Trades
Ebob $727.50
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob $728
Barges
E10
Platts(fo
b ARA)
Ebob $729-$7 $735.50 Shell, Trafigu
Barges 44 (4KT) Varo, ra, BP,
Argus Sahara Mabanaf
E5(fob t
AR)
Ebob $728, $727 Shell, Varo,
Barges $745.50 11KT Exxon, Total
E10 Argus BP
(fob AR)
Jan. swap $742.50 $741.25
fob ARA
Premium
Unleaded
(fob ARA)
<PU-10PP-
ARA>
Cargoes
(fob MED)
Cargoes
(cif NEW)
Naphtha Jan
(cif NEW) +$14
<NAF-C-NW
E>

Ebob crack (per barrel) $7.2 Prev. $8.6
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Ron Bousso; editing by David Evans)

Read more
18 Dec 2023 17:40

Europe Gasoline/Naphtha-Margins slip as Red Sea attacks push oil higher

LONDON, Dec 18 (Reuters) - Northwest European gasoline refining slipped by about $1 to $8.6 a barrel as underlying crude prices rose 3% on mounting attacks on ships in the Red Sea.

Trades   Bids     Offers   Prev.    Sellers  Buyers
(vol.) Trades
Ebob $727.50
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob $728
Barges
E10
Platts(fo
b ARA)
Ebob $735.50 Varo, Trafigu
Barges (4KT) Glencor ra
Argus e
E5(fob
AR)
Ebob $727 Shell, Varo,
Barges 11KT Exxon Totsa
E10 Argus
(fob AR)
Jan. swap $741.25 $725.25
fob ARA
Premium
Unleaded
(fob ARA)
<PU-10PP-
ARA>
Cargoes
(fob MED)
Cargoes
(cif NWE)
Naphtha Jan
(cif NWE) +$14
<NAF-C-NW
E>

Ebob crack (per barrel) $8.6 Prev. $9.7
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Ahmad Ghaddar; Editing by Mark Porter)

Read more
15 Dec 2023 08:53

LONDON MARKET OPEN: Stocks edge higher ahead of slew of PMIs

(Alliance News) - Stock prices in London opened slightly higher on Friday, with the Bank of England and European Central Bank going against the Federal Reserves dovish policy twist.

Read more
14 Dec 2023 21:19

Freepoint settles US charges over multi-year bribery scheme

NEW YORK, Dec 14 (Reuters) - Freepoint Commodities LLC has agreed to pay over $98 million to settle U.S. charges in connection with a scheme to misappropriate material non-public information and bribe Brazilian officials, authorities said on Thursday.

Read more
14 Dec 2023 14:00

Sustainable Finance Newsletter - FERC spotlight looms for BlackRock & Vanguard

Dec 14 (Reuters) - Last May I wrote about efforts by Republican elected officials in proceedings before a U.S. utility regulator to question the role that big index funds had taken in their ownership of major utilities.

Read more
13 Dec 2023 13:48

Glencore faces green questions over proposed Teck acquisition

(Alliance News) - Glencore PLC said on Wednesday its shareholders have raised questions about how the company intends to integrate Teck Resources Ltd's steelmaking coal business into its green plan.

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.