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Posted by
Two Blokes Jun 18 -
Filed in
Stock
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4 views
Glencore is deeply undervalued, trading at sub-4x EV/EBITDA and a 60% discount to sum-of-the-parts valuation, despite robust cash generation. The business model's integration of marketing and mining provides resilience across commodity cycles, supporting stable free cash flow and shareholder returns. Key upside catalysts include a copper output rebound, strong cobalt pricing, integration of new steelmaking coal assets, and potential U.S. listing or restructuring.
