2020 ended on a strong note. While trading remained solid, meaningful improvements materialised in metal industrial. Moreover, with ‘reported’ net debt falling within management’s targeted range, the dividend was reinstated. As performance improvement measures are expected to continue, and the much-needed re-calibration of coal strategy is underway, Glencore now stands a better chance to leverage its ‘green’ proposition, i.e. copper, cobalt and nickel mining dominance. This also lays out an apt ....
17 Feb 2021
Operating performance revival drives dividend re-instatement
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Operating performance revival drives dividend re-instatement
Glencore plc (GLEN:LON) | 475 26.6 1.2% | Mkt Cap: 57,953m
- Published:
17 Feb 2021 -
Author:
Varun Sikka -
Pages:
3
2020 ended on a strong note. While trading remained solid, meaningful improvements materialised in metal industrial. Moreover, with ‘reported’ net debt falling within management’s targeted range, the dividend was reinstated. As performance improvement measures are expected to continue, and the much-needed re-calibration of coal strategy is underway, Glencore now stands a better chance to leverage its ‘green’ proposition, i.e. copper, cobalt and nickel mining dominance. This also lays out an apt ....