Glencore Xstrata (LSE: GLEN) is probably the best UK play on nickel and, according to its 2013 results, Glencore stands to earn an extra $170 million for every 10% rise in the nickel price. Even for a company of Glencore’s size, a 30% move in the nickel price is therefore quite significant. As former BP boss Tony Hayward joins the company as chairman, Owain Bennallack delves into this mining opportunity…
1 Great Reason To Consider Buying Glencore Xstrata PLC
VIDEO: One Fool puts Glencore Xstrata PLC (LON:GLEN) under the spotlight.
The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.