Global major diversified natural resource group Glencore has a solid outlook for the next few years, because, among others things, of its diversified portfolio, its conservative financial policy and likely rising prices for the main metals and coal that it produces. But clouds on the horizon exist in the forms of major legal investigations into its activities and transactions, being undertaken by authorities in the US, Brazil and India. And there is also the risk that trade wars and possible recession could drive commodity prices down.
