Anglo American, Glencore, Rio Tinto: metals & mining stocks to watch out for

Highlights 

• Industrial metals prices rose to a new high on Monday, raising concerns about disruption in the supply of commodity exports and soaring energy prices.
• Russia is a major global exporter of commodities, including palladium, copper, aluminium, and nickel.

Industrial metals prices rose new high on 7 March as tougher sanctions on Russia after its invasion of Ukraine threatened to disrupt the supply of commodity exports, besides soaring energy prices.

Russia is a major global exporter of commodities, including palladium, copper, aluminium and nickel, with around 14% of the world’s palladium supply, 6% of aluminium, 7% of nickel and accounts for 3.5% of copper supplies. The global aluminium market is already facing a supply deficit due to production cuts in Europe.

On Monday, the copper prices rose as much as 1.5% to US$10,835 a ton, on the London Metal Exchange, which is higher than the previous record high from May 2021. Aluminium prices also hit a fresh all-time high of US$4,000, meanwhile, Nickel surged to over US$33,000 per ton, the highest since March 2008.

Let us look at five FTSE-listed metal stocks that you may consider:

Anglo American Plc (LON: AAL)

The market cap of the global mining company with a portfolio that spans platinum, copper, diamonds, iron ore and more stood at £51,202.48 million as of 7 March 2022. The company has delivered a return of 38.70% over the last one year as of 7 March 2022. Since the start of this year, it has performed well as its year-to-date return stands at 33.95%. Anglo American Plc’s shares were trading at GBX 4,037.00, up by 5.46%, at 8:10 AM (GMT) on 7 March 2022.

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Glencore Plc (LON: GLEN)

The market cap of Anglo-Swiss multinational commodity trading and mining company Glencore Plc stood at £60,727.95 million as of 7 March 2022. The company has delivered a return of 72.58% over the last one year as of 7 March 2022. Since the start of this year, it has performed well as its year-to-date return stands at 30.10%.

Glencore Plc’s shares were trading at GBX 488.35, up by 6.01%, at 8:10 AM (GMT) on 7 March 2022. 

Rio Tinto Plc (LON: RIO)

The market cap of the world’s second-largest metals and mining company, Rio Tinto Plc, stood at £75,302.72 million as of 7 March 2022. The company has delivered a return of 7.23% over the last one year as of 7 March 2022. Since the start of this year, it has performed well as its year-to-date return stands at 28.31%. Rio Tinto Plc’s shares were trading at GBX 6,271.00, up by 4.03%, at 8:10 AM (GMT) on 7 March 2022.

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Antofagasta Plc (LON: ANTO)

The market cap of one of the leading copper-producing companies, Antofagasta Plc, stood at £15,103.32 million as of 7 March 2022. The company’s share value has depreciated by 8.75% over the last one year as of 7 March 2022. Since the start of this year, it has performed well as its year-to-date return stands at 17.67%. Antofagasta Plc’s shares were trading at GBX 33.95, down by 3.00%, at 8:10 AM (GMT) on 7 March 2022.

South32 Limited (LON: S32)

The market cap of an Australia-based diversified mining and metals company, South32 Limited stood at £12,826.38 million as of 7 March 2022. The company has delivered a return of 77.85% over the last one year as of 7 March 2022. Since the start of this year, it has performed well as its year-to-date return stands at 30.65%.  South32 Limited’s shares were trading at GBX 33.95, down by 3.00%, 8:10 AM (GMT) on 7 March 2022.

Note: The above content constitutes a very preliminary observation or view based on industry trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.