1 Great Reason To Consider Buying Glencore Xstrata PLC

VIDEO: One Fool puts Glencore Xstrata PLC (LON:GLEN) under the spotlight.

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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…

https://youtu.be/2PXwdv4rU2Y

Owain owns shares in BP.

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