Page 47 - Ivan Glasenberg News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Minister’s Gupta jaunt to Zurich broke security rules 09 May 2021 - 00:00 By THANDUXOLO JIKA Former mineral resources & energy minister Mosebenzi Zwane’s unregistered 2015 trip to Switzerland to meet the Guptas and Glencore CEO Ivan Glasenberg could have put his security and that of SA at risk, as there is no record at the embassy in Zurich of his visit. Last month, Zwane told the Zondo commission of inquiry into state capture that he had gone to Zurich in December 2015 at Glasenberg’s invitation to negotiate how to keep the Optimum coal mine in operation and to save about 3,000...

US$12.3 TRILLION out of thin air… And if you click here we’ll show you something that could be key to unlocking 5G’s full potential... Cheap blue-chip Glencore began life as a trading business. Commodity trading requires a lot of money and resources. Shipping commodities around the world can be profitable, but only in large volumes. Over the past few decades, Glencore has become the largest commodity trader globally, a quality that’s rare among UK shares. As it’s grown, it’s achieved economies of scale and built connections to help reinforce its position in the market. The company...

SHARE Copper soared to an all-time high as optimism about a global rebound from the pandemic boosts commodities markets. The metal - an economic bellwether - is front and center in a rally that’s driven raw materials from lumber to iron ore to multiyear highs or records. Stimulus measures and vaccine rollouts are fuelling prospects for a resurgence in demand that’s set to strain supply, while copper’s crucial role in the green-energy transition is set to underpin longer-term gains. Big banks and others including trader Trafigura Group have rolled out a list of lofty price targets, with ...

China and electric cars drive new commodities 'supercycle' Demand from the world's second-biggest economy China has sent metal prices soaring, but some investors want even bigger rises gains first 8 May 2021 • 12:01pm The price of iron ore, a key ingredient in making steel, rose above $200 a tonne for the first time this week Credit: AFP PHOTO / RIO TINTO  In his latest quest to find buried riches, Anglo-American boss Mark Cutifani has turned to the desolate mountains of southern Peru. Here, among the dusty roads of Moquegua, work is underway on the $5.3bn (£3.6bn) Quellaveco copper mine,...

MONEYWEB app instead? Copper topped $10 000 a metric ton last week for the first time in a decade. By Thomas Biesheuvel, Bloomberg 7 May 2021  08:46  Image: Ivan Glasenberg. Copper will need to rise 50% further from its current near record high to encourage enough new mined supply to meet rampant demand, according to Ivan Glasenberg, the billionaire chief executive officer of Glencore Plc. Copper topped $10 000 a metric ton last week for the first time in a decade and has been among the best performers in a scorching surge in metals prices. The rally is being fueled by stimulus measures...