UBS has initiated coverage of Glencore PLC's new Australian listing with a Buy rating and a price target of A$13.40, suggesting a 19% upside from its recent price of A$11.23. The positive outlook is driven by strong trading performance, better-than-expected commodity prices, and a copper project pipeline expected to become less risky within one to two years. UBS expects copper's contribution to earnings to grow significantly by 2030, supported by projects in Africa and Peru. Additionally, Glencore's trading division is seen as a stable earnings source, and progress on asset sales alongside potential larger cash returns to shareholders from 2027 further supports the outlook. Risks include commodity price volatility and project approvals, but UBS believes Glencore is well-prepared for these challenges.
Glencore's new Australian listing is highlighted by UBS with a Buy rating and a price target of A$13.40. For readers following basic materials, here is Pluang's market snapshot as of Oct 16, 2026 06:11 WIB: out of 83 priced US stocks, 62 rose and 21 fell. Notable movers include KGC at USD 23.81 with a 7.06% increase and Pluang order activity heavily skewed to sell at 99%, IP at USD 34.09 with a 6.78% rise and 100% buy activity, and HYMC at USD 17.45 with a 6.76% gain and a typical hold time of 1 day on Pluang.
Hansae Mobility inaugurated a new automotive parts factory in Fergana, Uzbekistan, expanding its global manufacturing network. The Turan plant will supply brake and steering components for over 310,000 vehicles annually, enhancing local production an...
Hansae Mobility inaugurated its Turan plant in Fergana, Uzbekistan, marking a strategic move to enhance local manufacturing and supply for global automakers. The facility will produce braking and steering components for over 310,000 vehicles annually...
Hansae Mobility inaugurated its new Turan factory in Fergana, Uzbekistan, expanding its global manufacturing footprint. This facility will produce brake components and steering parts for over 310,000 vehicles annually, enhancing supply responsiveness...
September's Consumer Price Index (CPI) increased by 0.6% from August, with a yearly rise of 3.7%, driven largely by a 9.1% increase in gasoline prices. Excluding food and energy, inflation rose 0.3% in September and 2.6% over the year. Following an o...
Zcash (ZEC) surged 11.56% over a four-hour period to reach $1,214 as of 1:10 p.m. ET on October 15, up from $1,088 four hours earlier. This increase also marked a 3.76% rise compared to its price 24 hours earlier, indicating a strong short-term gain....
