Anglo American PLC ADR
NGLOY: PINX (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$48.00 | Ypsz | Xjzgwtkz |
Anglo American's Valuation Increased by 3% on Stronger Copper and Platinum Group Metals Prices
Business Strategy and Outlook
As China rebalances away from infrastructure and construction-led growth, Anglo American is likely better positioned than most diversified peers. The company has greater exposure to consumption-oriented commodities like platinum and diamonds, which should enjoy better demand growth than investment-oriented commodities like iron ore and copper that prospered most in the past decade.