{"id":104332,"date":"2026-08-15T23:00:08","date_gmt":"2026-08-15T23:00:08","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/104332\/"},"modified":"2026-08-15T23:00:08","modified_gmt":"2026-08-15T23:00:08","slug":"glencore-is-a-top-sector-pick-for-citi-after-standout-performance-3","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/104332\/","title":{"rendered":"Glencore is a top sector pick for Citi after standout performance"},"content":{"rendered":"<p>    <a href=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/063F231ACCD2EC4D0F92414F1BAA7FE330602F27878D8A307C8AD56660C2D4D6\/subgraphmysterio\/resizefit_w960;quality_80;format_webp\/https:%2F%2Fmedia.zenfs.com%2Fen%2Fproactive_uk_164%2Fb66e4ce69684af782e01e64763acfd72.jpg\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Glencore is a top sector pick for Citi after standout performance\" height=\"540\" width=\"960\" class=\"yf-j98iil loader\"\/><\/a> Glencore is a top sector pick for Citi after standout performance Proactive uses images sourced from Shutterstock           <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Citi has raised its price target for <a href=\"https:\/\/finance.yahoo.com\/quote\/GLEN.l\" data-ylk=\"slk:Glencore%20PLC%20(LSE%3AGLEN);elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Glencore PLC (LSE:GLEN)&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"nofollow noopener\">Glencore PLC (LSE:GLEN)<\/a> to 780p, naming the commodities group its top large-cap pick as another standout performance from its marketing arm strengthens the investment case.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Attention is now shifting towards growth, Citi\u00a0highlighted\u00a0in a note, with\u00a0Glencore increasing capital expenditure behind a copper strategy targeting a doubling of production over the next decade, which Citi described as a compelling growth narrative.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The miner and commodity trader&#8217;s &#8216;Marketing&#8217; unit, which handles physical trade and supply chains, showed earnings (EBIT) which were described as comparable to those seen\u00a0in prior &#8220;disproportionately less volatile&#8221; periods.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Citi highlighted that Glencore delivers with capital efficiency that many\u00a0investors continue to underappreciate.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Glencore&#8217;s industrial business also performed, Citi noted, with support from higher commodity prices, more than offsetting the miner&#8217;s cost inflation.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Crucially, according to Citi,\u00a0additional investment should still leave &#8220;ample room for significant shareholder returns&#8221;.  <\/p>\n","protected":false},"excerpt":{"rendered":"Glencore is a top sector pick for Citi after standout performance Proactive uses images sourced from Shutterstock Citi&hellip;\n","protected":false},"author":2,"featured_media":104333,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21233],"tags":[13099,21244,43764],"class_list":["post-104332","post","type-post","status-publish","format-standard","has-post-thumbnail","category-glencore","tag-citi","tag-glencore","tag-standout-performance"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117102013499314773","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/104332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=104332"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/104332\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/104333"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=104332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=104332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=104332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}