Glencore PLC (LSE:GLEN) was the top pick for a number of analysts ahead of next Friday’s third quarter.
The commodities and mining giant’s shares offer “attractive value,” Barclays said, underpinned by structural changes in coal markets that are “ignored by the market.”
Stock markets overlook the “structurally changed energy landscape” following the Russia-Ukraine war, with Glencore’s share price forever implying $66/t thermal coal versus $280/t…
