2024-02-12 23:04:00 ET
Summary
- Glencore is focusing on recycling metals and batteries to position itself as a future battery and metals recycling company.
- The company's financial situation, including low margins and high debt, may hinder its transition to a recycling-focused business.
- Glencore has the advantage of early entry into the metals recycling market but faces competition from other mining companies entering the space.
Introduction
To paraphrase the famous Wayne Gretzky quote, one should not skate to where the puck is, but to where the puck is going. Whether it knows it or not, Glencore ( GLNCY ) ( GLCNF ) is taking this advice to heart by making recycling an integral part of its operations. While it is still essentially a mining company at its core, recycling metals and batteries gives the company a leg up on some of its mining and recycling competitors, and positions Glencore to prosper in perpetuity as a future battery and metals recycling company. However, its financial situation may be a roadblock to achieving this goal....
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For further details see:
Glencore: A Financially Strained Miner Incorporating Recycling Into Its Operations