1 Great Reason To Consider Buying Glencore Xstrata PLC

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…

Of course, an income investor should spread their money between different companies and sectors, rather than putting too much faith in the notoriously cyclical commodity sector for their future income. To learn more about securing an income stream from dividends, download our free report now!

Owain owns shares in BP.