RE: Newsflow23 Nov 2020 12:32
As for companies that benefit most of the ever-changing intersect between science, public policy linked to climate control, and commercial reality, it is thought Glencore and Anglo American are well positioned.
“In our European coverage, the clear winner in our view for mining exposure based on the EV theme is Glencore,” said RBC Capital Markets. The Swiss miner and trader produces about 1.3 million tons of copper and just over 100,000 tons of nickel, as well as 36,000 tons of cobalt a year with potential to expand.
Anglo American “… will reach across the value chain with its 670,000 tons of copper production and 2.1 million ounces of platinum as well as 41,000 tons of nickel production”, it said.