During an investor update call held last week, Glencore emerged as the first miner (under our coverage) to quantify the (huge?) potential that the electric vehicle (EV) revolution holds for the mining sector. Apart from positioning itself as a direct beneficiary (via its cobalt, copper and nickel exposure) of the EV euphoria, in general the trader-miner also sounded optimistic about the prospects of its diversified portfolio. As a result, aggressive output growth is being targeted through to

19 Dec 2017
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Glencore plc (GLEN:LON) | 345 -39 (-3.2%) | Mkt Cap: 40,858m
- Published:
19 Dec 2017 -
Author:
Varun Sikka -
Pages:
3 -
During an investor update call held last week, Glencore emerged as the first miner (under our coverage) to quantify the (huge?) potential that the electric vehicle (EV) revolution holds for the mining sector. Apart from positioning itself as a direct beneficiary (via its cobalt, copper and nickel exposure) of the EV euphoria, in general the trader-miner also sounded optimistic about the prospects of its diversified portfolio. As a result, aggressive output growth is being targeted through to