Glencore Unsp ADR
Latest Glencore Unsp ADR News and Updates
Copper Weaker on August 19 Due to Weaker Demand Signs
After starting the day with decreased momentum, copper prices remains mixed on Friday, August 19. At 1:50 PM EDT on August 19, the COMEX copper futures contract for September delivery was trading at ~$2.17 per pound, a gain of ~0.16%.
All of the Base Metals Recovered Except for Tin
After a string of losing days, base metals recovered on January 13, 2016. Except for tin, all of the base metals rose on January 13 in the LME.
Is Future Growth Driving the Divergence between Freeport and SCCO?
Southern Copper (SCCO) is aggressively expanding its copper mining operations while Freeport-McMoRan (FCX) is selling its crown copper assets to repay some of its debt.
Base Metal Miners Recover
In the week ended December 26, the equities of all major base metal miners gained, recovering from losses in the week prior.
Copper Rose to 1-Month High Price Levels on September 20
At 1:15 PM EST on September 20, the COMEX copper futures contract for December delivery rose ~0.35%. It was trading at $2.16 per pound.
Can Freeport-McMoRan’s 2Q16 Earnings Justify Its Rally?
Freeport-McMoRan (FCX) is expected to release its 2Q16 earnings on July 26. In this series, we’ll explore what Wall Street analysts expect from FCX’s 2Q16 earnings.
Freeport or Glencore: Which Company Looks Set for 2017?
According to data compiled by Thomson Reuters, analysts expect Freeport-McMoRan (FCX) to post an adjusted EBITDA of $5.3 billion in 2017, compared to $4.9 billion in 2016.
Copper Weakened amid Recovery in Dollar on August 3
After starting the day on a weaker note on Wednesday, August 3, copper maintained the same sentiment throughout the day and declined lower.
Copper Remains Stable as Brexit Fears Eased
Although the fundamentals are not as supportive of the Market’s sentiment, the weakness of the dollar and decreased anxiety over the Brexit vote helped copper on Friday.
Why Did Copper Ignore Stimulus from China?
Copper prices experienced a roller coaster ride on Monday after important market-moving news from China.
Base Metal Miners Declined the Week Ended January 2, 2016
The equities of major base metal mining companies fell in the week ended on January 2. Freeport-McMoRan, one of the leading copper producers, fell last week and ended in a loss.
Base Metal Miners on Tuesday, March 22: Some Up, Some Down
Freeport-McMoRan (FCX), one of the largest copper miners, rose for the second consecutive trading day on Tuesday, March 22, 2016. It closed the day at $10.99, a rise of 1.8%.
Why Did Merrill Lynch Resume Coverage of Freeport-McMoRan?
On Wednesday, March 2, 2016, Merrill Lynch resumed Freeport-McMoRan’s (FCX) coverage, with a neutral rating and a price target of $9.
Base Metal Miners Freeport-McMoRan and Glencore Fell Last Week
Freeport-McMoRan is one of the largest copper miners in the world. It fell for the second consecutive trading week. In the week ending on April 2, it fell 2.2%.
Must Know: Goldman Provided Fodder to Copper Bears
Goldman Sachs (GS) now expects copper prices to fall to $4,000 per metric ton this year. In its previous guidance, Goldman had expected copper to fall to $4,500 per metric ton in 2016.
Why Did Base Metals Fall in the Second Week of March?
LME nickel fell to lower price levels last week and stood as the biggest loser in base metals. It fell 5.5% and ended the week at $8,830 per metric ton.
Base Metals Dive after Opening the Week on a Surge
All base metals declined that day on the LME, and LME nickel was the biggest loser of the day in base metals with a decline of 2.8%.
Why Is Copper Trading High in the Early Hours on September 14?
At 6:20 AM EST on September 14, the COMEX copper futures contract for December delivery was trading at $2.13 per pound—a gain of ~1.2%.
Base Metals Continue to Rise in the London Metal Exchange
The base metals found some relief on January 13, 2016. They carried the same positive sentiment to January 14. All of the base metals rose in the LME.
Copper Dove in July 22 Due to a Stronger Dollar
At 1:15 PM EDT on July 22, major copper producers Freeport-McMoRan (FCX), Billiton (BHP), and Rio Tinto (RIO) fell by ~1.7%, ~1.7%, and ~1.19%, respectively.
Freeport-McMoRan Sees More Room to Cut Costs
Freeport-McMoRan expects its copper unit cash costs after by-product credits to be $1.10 per pound in 2016, a year-over-year reduction of more than 28%.
Could the OPEC Meeting Have an Impact on Alcoa?
It could be déjà vu for Alcoa (AA) investors after the OPEC meeting on December 4, 2015. Last year’s decision to maintain daily crude output had a negative impact on all commodities.
What Does Freeport-McMoRan’s Rebound Mean for Investors?
The upward momentum in Freeport could keep bears at bay for some time.
Attention Freeport-McMoRan Investors: Here’s What to Watch in 2016
There’s a long road ahead for Freeport-McMoRan’s asset sales program. The company is looking to raise between $5 billion and $10 billion in 2016.
Will Teck Resources Have a Merry Christmas in 2017 Also?
Higher commodity prices and an improved risk-on sentiment were Teck Resources’ key drivers in 2016.
Understanding Glencore’s Metals and Mining Business
Glencore’s metals and mining segment was the second-biggest contributor to its 1H15 revenues.
Will Freeport Follow Glencore and Restore Its Dividend?
Freeport-McMoRan and Glencore suffered from the same issues last year. While Glencore restored its dividend, Freeport hasn’t restored its dividend yet.
Is the Projected Surplus Weighing on Copper This Year?
Copper’s apparent demand has been better-than-expected this year on the rise in Chinese construction activity coupled with an increase in the country’s bonded stocks.
Why October Could Be a Crucial Month for Freeport-McMoRan
In the previous parts of this series, we looked at some of the macro developments that could impact Freeport-McMoRan (FCX) in October.
Can BHP Maintain Its Dividends in 2016?
BHP Billiton is facing pressure in all the commodity businesses it’s involved in. At spot prices, free cash flow doesn’t cover the company’s dividends.
How Can Century Aluminum Manage the Current Downtrend?
Fortunately for Century Aluminum, its leverage ratios are currently much lower than other companies in this space. CENX has $123 million in cash that should help it manage its operations over the next few quarters
Global Supply to Rise as China Eases Aluminum Export Taxes
In its latest move, China has removed the export duty on several products, including rods and strips made from primary aluminum.
Inside Rio Tinto’s Copper Outlook
Rio reported a loss of $69 million in 1H17, compared with its loss of $56 million in 1H16.
How Do Analysts Rate Glencore after 2016 Earnings?
Glencore has come a long way since September 2015 when the stock fell to multiyear lows.
Freeport-McMoRan’s Debt Reduction Plan: Key Takeaways
During its 4Q15 earnings conference call, Freeport-McMoRan (FCX) mentioned a debt reduction program to raise $5 billion–$10 billion to shore up its balance sheet.
Why Commodity Stocks Surged on April 18—All You Need to Know
On April 18, commodity stocks saw their highest one-day gains in months. Iron ore, copper, and aluminum helped these stocks.
The Key Risks Facing Southern Copper
The biggest risk facing the entire mining industry (XME) is the way Chinese demand will play out. Concerns over the Chinese slowdown could continue to weigh heavily on metal prices.
Why Freeport’s 2017 Guidance Could Be in Disarray
Freeport’s 2017 guidance could be in disarray because of Grasberg issues. Freeport’s debt reduction plan would be impacted due to the Grasberg impasse.
Base Metals Fell Last Week: FCX, AA, GLNCY, BHP
In the week ended on January 9, all base metals on the London Metal Exchange (LME) declined. The LME 3M Lead was the biggest loser of base metals last week with a loss of 9.6%.
How Much Are Supply-Side Factors Helping Copper Prices?
Producers like Freeport-McMoRan and Glencore announced production cuts last year in response to falling metal prices. There were also unplanned outages.
Inside Copper’s 2017 Demand-Supply Dynamics
Copper’s 2017 demand-supply dynamics As noted previously, copper prices have shown strength recently, piggybacking the weak US dollar. However, we should remember that in the medium-to-long term, demand-supply dynamics are a key driver of copper prices (TECK) (GLNCY). In this article, we’ll see how copper’s demand-supply balance looks in 2017. Demand China’s car sales regained momentum […]
Copper Miners’ First-Quarter Report Card: Hits and Misses
We’re now reaching the end of the first quarter earnings season, and most mining companies have already released their quarterly earnings results.
Glencore’s Upcoming Debt Maturities: Key Investor Takeaways
Between June 30, 2016, and December 2017, Glencore has debt maturities of $5.8 billion.
Why Southern Copper Is Trading at a Premium to Freeport-McMoRan
Southern Copper has historically traded at a premium to Freeport.
Chinese Copper Imports: Can Freeport’s Good Run Continue?
Previously in this series, we’ve looked at China’s July steel and aluminum exports. In this final part of the series, we’ll look at Chinese copper imports.
The Tension Surrounding Freeport’s 1Q17 Earnings Call
Along with the industry outlook, markets will be looking for some clarity on a few company-specific issues during Freeport’s 1Q17 earnings call.
What a Complete Shutdown at Grasberg Could Mean for Freeport
If Freeport-McMoRan completely shuts down its Grasberg mine, there could be a significant impact on the company.
Which Base Metal Saw the Biggest Inventory Drop?
LME tin fell the most of all base metals on Tuesday, February 16. The tin inventory level fell 4.2% to 4,085 tons.
How Are Analysts Rating Freeport amid Trade War Fears?
Among other factors, the concerns over escalating frictions between the United States and China have contributed to copper’s downfall.
Global Copper Demand Contracts as Slowdown Looms
According to the (International Copper Study Group) ICSG, global apparent copper demand fell 1.5%, or 250,000 metric tons, in the first nine months of 2015, as compared to the corresponding period last year.