January 11, 2019 - 2:14 PM EST
Glencore Should Spin Off Its New Tech Assets

Glencore Should Spin Off Its New Tech Assets

Glencore's Peer Comparison

Glencore (OTCPK:GLNCY, OTCPK:GLCNF) is one of the world's largest natural resource companies. It essentially has three core businesses: (1) mining and refining of metals, (2) coal (coking and thermal), and (3) agricultural products that are all integrated with its marketing division which handles logistics and trading of the commodities.

The following tables show how Glencore stacks up against its two closest peers — BHP (BHP) and Rio Tinto (RIO):

*source: Morningstar

Despite having a similarly sized capital base to BHP, Glencore's market cap is less

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Source: SeekingAlpha (January 11, 2019 - 2:14 PM EST)