Glencore witnessed a tough 2019, with trading (yet again) being the sole support. While weakness in metal industrial was largely due to prices – which should normalise sooner or later, the issue with energy industrial (primarily coal) is more structural in nature. Although 2020 operationally may not be ‘materially’ better vs. 2019 – also due to Coronavirus uncertainties, the expected change in leadership and, hence, new strategic measures could facilitate the much-awai
20 Feb 2020
Weak full-year results; 2020 – a critical (transition) year
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Weak full-year results; 2020 – a critical (transition) year
Glencore plc (GLEN:LON) | 436 28.6 1.5% | Mkt Cap: 53,204m
- Published:
20 Feb 2020 -
Author:
Varun Sikka -
Pages:
4
Glencore witnessed a tough 2019, with trading (yet again) being the sole support. While weakness in metal industrial was largely due to prices – which should normalise sooner or later, the issue with energy industrial (primarily coal) is more structural in nature. Although 2020 operationally may not be ‘materially’ better vs. 2019 – also due to Coronavirus uncertainties, the expected change in leadership and, hence, new strategic measures could facilitate the much-awai