Currently viewing Global edition

Why Glencore backs London's nickel stand-out

Brazil nickel developer Horizonte Minerals has seen its share price rise 84% this year and, almost overnight, brokers are taking notice of a company that counts Glencore and Teck Resources among its largest stakeholders - with 6% and 14.5%, respectively.

Why Glencore backs London's nickel stand-out Why Glencore backs London's nickel stand-out Why Glencore backs London's nickel stand-out Why Glencore backs London's nickel stand-out Why Glencore backs London's nickel stand-out

London-to-a-brick.jpg

CEO Jeremy Martin let slip a few weeks ago that Horizonte has been in advanced discussions with Glencore, among others, for equity and project financing.