Glencore International Plc (GLNCY)
$7.38 0.19 (2.45%)
15:57 EST GLNCY Stock Quote Delayed 30 Minutes
Previous Close -
Market Cap 53.79B
PE Ratio -
Volume (Avg. Vol.) 734,500
Day's Range 7.31 - 7.40
52-Week Range 2.51 - 7.77
Dividend & Yield 0.34 (4.61%)
GLNCY Stock Predictions, Articles, and Glencore International Plc News
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From Seeking Alpha
Glencore (OTCPK:GLCNF, OTCPK:GLNCY) says it will spend A$500M (US$356M) to extend the life of its copper smelter and refinery in the Australia's Queensland beyond 2022, after reaching a funding agreement with the state government.The miner says it secured a one-off incentive from the Queensland government for the business which includes its Mount Isa copper smelter and Townsville refinery, ahead of a state election at the end of October.The state government says it offered "multi-million dollar" support but does not provide details.Glencore says the incentive "will partially mitigate the negative costs of continuing these assets which face high fixed costs and struggle to compete internationally."Glencore's plans for a giant new coal mine in Australia's Bowen Basin may suffer a setback after key stakeholder UniSuper Management says it will not support the A$1.5B project.
From Seeking Alpha
Glencore's (OTCPK:GLCNF, OTCPK:GLNCY) plans for a giant new coal mine in Australia's Bowen Basin may suffer a setback after key stakeholder UniSuper Management says it will not support the A$1.5B project."I can't think of a more tangible way of us demonstrating how seriously the risks are that are posed by decarbonization" than by withholding support for Glencore's mine, says UniSuper Chief Investment Officer John Pearce.