Member Info for billybigwig

Yeah craig you going to buy tesco?

Scoop a couple of weeks? Dam your impatience! more like 6 weeks ;-)

Yeah good times coming for glencore

Glencore moving forward at a rapid pace and it's still stuck at this bullsh.it price I reckon glencore will get a rerate at some point soon ...under £4 is cheap with all glencore has got going for it

Glencore Is Top Codelco Customer as Copper-Trading Reach Expands By Jack Farchy and Laura Millan Lombrana 9 April 2019, 00:00 GMT+1 Updated on 9 April 2019, 07:00 GMT+1 Company accounts for 11% of sales at Chilean copper giant Glencore has doubled copper trading in the past six years SHARE THIS ARTICLE Share Tweet Post Email In this article GLEN GLENCORE PLC 330.35GBp-0.65-0.20% HG1 Generic 1st 'HG' Future 293.35USd/lb.-0.05-0.02% 1693732D KITE Private Company HSBA HSBC HOLDINGS PL 655.30GBp+3.10+0.48% For evidence of Glencore Plc’s growing heft in the global copper market, look no further than the customer list of No. 1 miner Codelco. The commodities giant was easily Codelco’s biggest buyer last year, according to a Bloomberg analysis of data from the Chilean state copper producer. Codelco is a prized relationship among traders as it sells in large volumes and its copper is in high demand among buyers in key markets like China and Japan. Five years ago, Glencore didn’t even rank among Codelco’s top 10 clients. The data, which show that Glencore accounted for more than a tenth of Codelco’s sales last year, highlight how the miner and trader has expanded its already market-leading position in the copper market since it bought Xstrata Plc in 2013. Buying Power Glencore was Codelco's biggest customer by far in 2018 Source: Codelco, Bloomberg Glencore has doubled its copper-trading volumes in the past six years, to 4.5 million tons in 2018. In recent years, the company has aggressively pushed into the Chinese market, according to traders, challenging rivals such as Red Kite and Trafigura Group Ltd. It also buys significant volumes of copper concentrates from Codelco for its own smelting operations. "Glencore’s copper strategy hinges on the assumption that copper‘s demand is bound to increase significantly," said Jean-Francois Lambert, a former commodity trade finance banker at HSBC Holdings Plc and industry consultant. "A supply shortage is in the making against this backdrop." MORE ON THE COPPER MARKET: A Million Tons of Copper Is on the Way: It May Not Be Enough Copper Seen Extending Gains as Goldman Touts Tightening Supplies By 2018, Glencore’s purchases from Codelco accounted for 11 percent of the Chilean company’s total revenue, with its Swiss and Chilean units together accounting for $1.56 billion of Codelco’s sales. "Glencore is the world’s largest smelting company, with 1.3 million tons of refined copper, and is a client of Codelco in the commercialization of non-refined copper," a Codelco official said in an emailed response to questions, declining to explain further the increase in sales to Glencore. A Glencore spokesman declined to comment. Top Trader Glencore's copper marketing business has doubled in size over the past six years

https://www.bloomberg.com/news/articles/2019-04-07/a-million-tons-of-copper-is-on-the-way-it-may-not-be-enough

Giant mines currently under construction will churn out an additional 1 million tons of copper through 2023, but that won’t be enough to fully close an expected gap between supply and demand in the next few years. Industry analysts and executives descending on Santiago this week for the Cesco conference, one of the industry’s biggest events, are in bullish spirits: a key indicator of the market for semi-processed copper ore — known as concentrates — is pointing to the tightest market in more than five years, and banks and brokers such as Morgan Stanley and Macquarie Group Ltd. rank the metal as one of their top picks.

Aether it's a disgrace that's for sure

Glen farage shouldn't affect the ftse the only thing that affects markets are economic elements

https://www.businesslive.co.za/bd/companies/energy/2019-04-09-glencores-chevron-deal-is-done-and-dusted/

Glen. it's not farage we need to worry about its trump starting another trade war with the EU he just about gets china sorted then bang he's threatening the euro muppets.. granted it does need sorting the EU take the pish out of the yanks ...that's the real worry glen

Yeah always about somewhere

Hahaha Tom good man ;-)

AGAIN :-)

You've not bought any BP have you? Tom your not related to pete/ifonly are you he had a similar effect on shares,especially ones I was holding

Tom I demand you sell immediately ;-)

GIT!

I see iii have changed their charges to £19.99 a month ..on the plus side £3 99 a trade

£6 coming to a screen near you come on ya beauty ;-) the share that just keeps on giving ...tbey say don't fall in love with a share but this is quickly becoming one of my loves

Rio tint up 2%