RE: GLEN7 Jan 2022 08:40
Will glencore benefit from EV revolution Yes we can can
And during the past year, competitor Rio Tinto is down 14%, while Polymetal is down 31%. And while Anglo American has risen 20%, it’s down 10% from its August high to 3,100p. Similarly, Evraz is up 24% over the past year, but has fallen 12% to 611p from its high in May. These four FTSE 100 miners have been volatile compared to Glencore’s steady climb over the past twelve months. This is especially impressive as the miner was also one of the FTSE 100’s highest volume stocks last year.
Moreover, unlike its competitors, Glencore is currently matching its 2021 high of 390p. And it’s backed as a long-term investment by Qatar’s sovereign wealth fund and asset management titan Blackrock.