Antofagasta plc

Glencore (GLEN-L) has the highest percentage of “buy” or higher recommendations in our select group of mining stocks.

As copper market conditions have improved, companies have also taken another look at their capital allocation strategies.

The repercussions of the equity market carnage are evident in commodity markets. Copper, which some analysts see as an indicator of the global economy’s health, has come off its 2018 highs.

Copper, like other metals, is widely recycled. Last year, we saw improved scrap flows as copper prices moved to higher price levels.

Last week was broadly positive for industrial metals (DBC). Copper rose 3.6%, while aluminum prices rose 1.3% in the week ending November 24.