|Bid||167.02 x 0|
|Ask||167.06 x 0|
|Day's range||164.08 - 169.82|
|52-week range||109.76 - 264.12|
|Beta (5Y monthly)||1.41|
|PE ratio (TTM)||N/A|
|Earnings date||06 Aug 2020|
|Forward dividend & yield||0.15 (12.82%)|
|Ex-dividend date||03 Sep 2020|
|1y target est||4.95|
The global nickel market is likely to be boosted by rising electrification of vehicles. Nickel players including BHP Group (BHP), Vale S.A. (VALE) and Glencore (GLNCY) appear promising picks.
Glencore CEO Ivan Glasenberg said on Friday that the company is talking with carmakers and battery makers about nickel - a key component in electric vehicle batteries which Tesla CEO Elon Musk has asked miners to produce more of. "A lot of the automobile guys and the battery guys are talking to us about nickel," Glasenberg said, speaking during the Financial Times Mining Summit. Glencore this year signed an agreement with Tesla to supply it with cobalt from the Congo.
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