There have been news reports suggesting that Tesla has tried to buy a significant minority stake in Glencore. Given the EV giant’s material green transition metal requirements, such an interest wouldn’t be surprising. Note that the Swiss trader-miner is amongst the world’s leading producers of copper, cobalt and nickel. Also, by virtue of its better-positioning to navigate the brewing macro challenges, Glencore remains our preferred sector bet and, hence, another attempt by Tesla cannot be ruled ....
31 Oct 2022
Tesla eyeing a stake in Glencore?
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Tesla eyeing a stake in Glencore?
Glencore plc (GLEN:LON) | 467 -29.9 (-1.3%) | Mkt Cap: 57,029m
- Published:
31 Oct 2022 -
Author:
Varun Sikka -
Pages:
2
There have been news reports suggesting that Tesla has tried to buy a significant minority stake in Glencore. Given the EV giant’s material green transition metal requirements, such an interest wouldn’t be surprising. Note that the Swiss trader-miner is amongst the world’s leading producers of copper, cobalt and nickel. Also, by virtue of its better-positioning to navigate the brewing macro challenges, Glencore remains our preferred sector bet and, hence, another attempt by Tesla cannot be ruled ....