Glencore is an Anglo-Swiss commodity mining company that was formed in 2013 by the merger of Glencore and Xstrata. It has headquarters in Baar, Switzerland, with worldwide offices across 35 countries. It operates through two industrial and marketing business segments and has sites in 150 locations. The company produces and markets more than 60 commodities, including gold, silver, copper, crude oil, natural gas, iron ore, nickel, cobalt, and thermal coal. Glencore is also a market leader in the recycling of precious metals such as copper. Glencore is a constituent of the FTSE 100 index.
Despite dropping in value at the start of the global pandemic in 2020, Glencore recovered the following year and began trading at almost the same levels of its IPO back in 2011. This could be attributed to the rising demand of coal, as well as the company’s ability to profit from volatile commodity prices.
Glencore is one of the world’s largest commodities traders, active in markets for metals and minerals, energy products, and agricultural goods. The firm’s marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. The 2013 merger with diversified miner Xstrata propelled the company to become one of the world’s largest commodity producers. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel and ferroalloys.One of the world’s largest energy, metals, and agricultural products companies, Glencore is active at every stage of commodity supply chain. With presence in approximately 35 countries, and a diversified portfolio of upwards of 90 commodities, its operations span some 150 sites and facilities from crude oil production and coal mining, to custom metallurgical products, biofuels, and storage and handling of grains. Customers include the automotive,
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