$POS (+1,45%) got it today, but has been doing well for the last few weeks 😅

Before the freed-up capital gathers dust, we went straight back into the market today.

In addition to a first tranche $STZ (-0,91%) Constellation Brands ...

... there was also a little bit of $GLEN (-0,55%)

There's always something under €4👆

Let's see what happens 😉

Who is also invested in $STZ (-0,91%) invested?

- Oil

- gas

- EU emissions trading

- Copper

- Aluminum

- Gold

- Silver

Link: https://shorturl.at/5VrEF

#gold
#silber
#öl
#oiel
#kupfer
#aluminium
#metall
#edelmetalle
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$RIO (-1,8%)
$RIO (+1,21%)
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The commodities world could be facing one of its biggest changes: Rio Tinto $RIO (-1,8%) and Glencore $GLEN (-0,55%) are said to have held talks about a possible merger, reports the US news channel Bloomberg. The aim would be to create a new industry giant that could take on the market leader BHP Group. The deal would go down as the biggest merger in mining history.

Talks between Rio Tinto, the world's second-largest mining group with a market value of 104 billion US dollars, and Glencore, whose value is estimated at 56 billion US dollars, took place at the end of last year. However, insiders report that there are currently no further talks.

By comparison, its largest competitor BHP is valued at 126 billion US dollars.

However, a merger would pose considerable challenges. Glencore is strongly positioned in the copper segment, an important raw material for the energy transition. At the same time, the company has a large coal business, which could become problematic for Rio Tinto due to its strategic focus on more sustainable raw materials.

The mining sector has been experiencing a wave of consolidation for years, driven by the desire of the largest producers for growth in the copper market. Copper is seen as a key material for electrification and the energy transition, but existing mines are outdated and new projects are expensive and difficult to implement. A merger with Glencore would give Rio Tinto access to some of the best copper mines in the world, including the coveted Collahuasi mine in Chile.

Despite strategic synergies, a merger would face cultural and regulatory hurdles. While Glencore is known for its aggressive business policies, Rio Tinto has focused on a more sustainable corporate culture in recent years, especially after the scandal surrounding the destruction of an Aboriginal sacred site. In addition, the market power of a merged company could lead to scrutiny from antitrust authorities.

Rio Tinto has moved away from fossil fuels and is focusing on growth in copper and lithium. Glencore, on the other hand, remains one of the world's largest coal producers and has recently decided against a spin-off of this division. These opposing strategies could complicate the negotiation process.

Should the merger go ahead, it would create the world's largest copper producer - a milestone in the industry. However, both cultural differences and strategic differences raise the question of whether Rio Tinto and Glencore will fit together in the long term. Industry observers remain skeptical as to whether the two companies can agree on a common vision.

$GLEN (-0,55%)
$RIO (-1,8%) A mega-merger could be in the offing in the commodities sector:

Representatives from both companies have discussed whether they should merge their businesses, the Bloomberg news agency reported on Thursday evening, citing people familiar with the matter.

This evening there has already been a small swing at Glencore, let's see what happens tomorrow 👆😬

https://de.investing.com/news/stock-market-news/kreise-glencore-und-rio-tinto-haben-uber-fusion-gesprochen-2841763

⬆️⬆️⬆️

- BERENBERG raises the price target for SIEMENS from EUR 215 to EUR 245. Buy. $SIE (+3,19%)

- BERNSTEIN raises the price target for SIEMENS ENERGY from EUR 15 to EUR 22. Underperform. $ENR (+2,01%)

- JPMORGAN PUTS SARTORIUS ON 'POSITIVE CATALYST WATCH' - 'OVERWEIGHT' $SRT (-0,21%)

- GOLDMAN raises the price target for FRAPORT from EUR 87 to EUR 90. Buy. $FRA (+1,28%)

- UBS raises the price target for NORDEA from EUR 145 to EUR 146. Buy. $NDA FI (+1,21%)

- BERNSTEIN raises the target price for SCHNEIDER ELECTRIC from EUR 275 to EUR 280. Outperform. $SU (+2,74%)

- UBS raises the target price for WPP from GBP 6.80 to GBP 7.20. Sell. $WPP (-1,87%)

- BERNSTEIN raises the price target for ALSTOM from EUR 17 to EUR 24. Market-Perform. $ALO (+1,49%)

- STIFEL upgrades HERMES from Hold to Buy and raises target price from EUR 2150 to EUR 2560. $RMS (-0,06%)

- INFINEON +4.2% - 'TOP PICK' OF THE UBS $IFX (+1,84%)

⬇️⬇️⬇️

- RBC downgrades UNILEVER from Sector-Perform to Underperform and lowers target price from GBP 48 to GBP 40. $ULVR (-1,71%)

- BERNSTEIN downgrades ABB from Market-Perform to Underperform and lowers price target from CHF 46 to CHF 45. $ABBN (+1,8%)

- BERNSTEIN downgrades SIGNIFY from Outperform to Market-Perform and lowers price target from EUR 30 to EUR 24. $LIGHT (+2,87%)

- DEUTSCHE BANK RESEARCH lowers the price target for UMICORE from EUR 10.50 to EUR 10. Hold. $UMICY (+3,16%)

- DEUTSCHE BANK RESEARCH lowers the price target for DOCMORRIS from CHF 45 to CHF 25. Hold. $DOCM (-0,32%)

- BERENBERG lowers the price target for HORNBACH HOLDING from EUR 100 to EUR 94. Buy. $HBH (+2,11%)

- CITIGROUP downgrades ROLLS-ROYCE from Buy to Neutral. $RR. (+2,69%)

- JEFFERIES lowers the target price for BHP GROUP from GBP 22.50 to GBP 21.50. Hold. $BHP (-0,5%)

- JEFFERIES lowers the price target for GLENCORE from GBP 5.50 to GBP 4.50. Buy. $GLEN (-0,55%)

- JEFFERIES lowers the target price for RIO TINTO from GBP 64 to GBP 60. Buy. $RIO (-1,8%)

- BERENBERG lowers the target price for NOVO NORDISK from DKK 975 to DKK 725. Hold. $NOVO B (-0,7%)

$GLEN (-0,55%) After the trailing SL at €5 recently struck again, the position will be built up again from today.

The first 500 shares went into the portfolio at €4.521. Let's see if the price stays in the range again 🫣

If things go as planned, the position will be built up at this level. The trading SL will be set again at over €5.

Let's see what happens 😅

Edit 15.11.24: Position increased to 1,000 shares

Edit 27.11.24: Position increased to 1,200 shares

Edit 13.12.24: Position increased to 1,400 shares

Edit 23.12.24: Position expanded to 1,600 units

Positive signals at $GLEN (-0,55%) Glencore 🚀💡💪

What is your opinion of Glencore $GLEN (-0,55%) ?

Personally, I have increased my position somewhat, given what I think is a favorable price at the moment. 🚀💪

What does Glencore actually do?

We produce, recycle, source, market and distribute transition metals and minerals that are critical to the transition to a low-carbon economy and to meeting the needs of everyday life.

⛏️ Titans of the deep: Rio, Glencore, BHP, Vale - who will dig up the biggest profits? 💎

Company presentation

Rio Tinto, BHP and Vale are among the three largest iron ore producers in the world, while Glencore plays a key role in global commodity trading as a leading commodity trader and producer.

- Rio Tinto: An Anglo-Australian mining group with dual headquarters in London and Melbourne.

- BHP: Australia's largest industrial group, headquartered in Melbourne.

- Glencore: A Swiss commodities trading and mining company headquartered in Baar.

- Vale: A Brazilian mining group specializing in iron ore.

Historical development

Rio Tinto was founded in 1873 and developed into a global mining giant through the development of deposits in Africa, Australia and Canada. The current structure as a dual company was created in 1995.

BHP goes back to Charles Rasp's silver discovery in Broken Hill in 1883. With the diversification into iron ore, coal and oil and the merger with Billiton in 2001, BHP created one of the world's largest commodity groups.

Glencore, founded in 1974 as Marc Rich + Co AG, grew to become one of the most important commodity traders in the world and went public in 2011.

Vale was founded in 1942 as a state-owned company and privatized in 1997. The company's focus has always been on iron ore production in Brazil.

Business model and core competencies

Rio Tinto focuses on the extraction of iron ore, copper, aluminum and other metals. Efficient production and the operation of large-scale mines are among the company's core competencies.

BHP is active in the iron ore, copper, coal and oil sectors and has a diversified product range and an extensive global presence.

Glencore combines commodity production and trading and controls the entire value chain, from extraction to distribution. This vertical integration is one of the company's greatest strengths.

Vale specializes in iron ore exports, complemented by activities in nickel and copper.

Future prospects and strategic initiatives

- Rio Tinto is increasingly investing in copper, lithium and aluminum, which play a key role in electromobility and renewable energies.

- BHP is focusing on "future-proof" raw materials such as copper and nickel, which are needed for batteries and green technologies.

- Glencore is positioning itself as an important supplier to the battery industry and is investing in cobalt and nickel.

- Vale is increasing its involvement in the nickel business in order to benefit from the growing demand in the electric automotive sector.

Market position and competition

- Rio Tinto, BHP and Vale together control around 70% of the world's seaborne iron ore trade.

- Glencore is a leader in global commodity trading and is one of the largest producers of copper and cobalt.

Competition in this industry is focused on cost efficiency, the development of new resources and positioning in the growing market for metals that are essential for the energy transition.

Total Addressable Market (TAM)

The total addressable market (TAM) of the global mining industry is estimated at over USD 1.5 trillion. This figure is expected to rise further in the coming years, particularly due to the increasing demand for critical raw materials such as battery metals, which are essential for the expansion of green technologies.

Share performance

Mining company share prices are strongly linked to commodity prices, leading to high volatility. Glencore's TR over 5 years is 120%, Rio Tinto's TR is 92%, BHP's TR is 101% and Vale's TR is 116%.

For the development (company figures), a better view and more, check out the free blog: https://topicswithhead.beehiiv.com/p/titanen-der-tiefe-rio-glencore-bhp-vale-wer-gr-bt-den-gr-ten-gewinn-aus

Conclusion

Vale, BHP and Rio Tinto are not significantly different. Although BHP has clearly outperformed in some cycles, it has always subsequently adjusted to the average. Vale could be unfavorable from a regulatory perspective, but the industry is facing challenges anyway, and it's not as if the others are any better, as the mines are not exactly in the cleanest regions.

Looking at the individual stock data, BHP does seem like the best candidate, but I would never bet on just one when it comes to mining companies. Therefore, I would consider a combination of BHP and Rio Tinto, and if you want, you can also include Vale.

Glencore is large and well positioned, but the figures are not really convincing. Even after countless announcements about certain strategies, I don't like the results. The growth is impressive, but when the results deteriorate like this - especially in terms of sales - it doesn't help much. For me, Glencore is more of a trading candidate, as every year you experience a brief decline, then recover and then fall again.

So if you want to position yourself in mining and thus include the anti-cyclicals in your portfolio, it is best to look at BHP and Rio Tinto. In view of China's most important customer, however, you should also be aware that 50% of sales here also come from one country, which no longer seems so abnormal these days.

For myself, I am going with Vale, Rio Tinto and a possible entry into BHP as far as the situation allows. Entry prices for me are 24 euros for BHP, 10 euros for Vale and 60 euros for Rio Tinto and then down in 10-15% jumps.

$RIO (-1,8%)
$ABHPG
$BHP (-0,5%)
$VALE3 (-2,44%)
$GLEN (-0,55%)