Glencore PLC

Company Profile

• Business description

  Glencore is one of the world’s largest commodities traders, active in markets for metals and minerals, and energy products. Its marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Its mining or industrials business produces thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners who are generally reducing their exposure to coal, it plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. We agree. It also expanded its coking coal exposure via the purchase of 77% of Teck's metallurgical coal business in July 2024.

• Contact

  Baarermattstrasse 3
  BaarCH-6340
  CHE

  T: +41 417092000

  E: [email protected]

  https://www.glencore.com

• Sector

  Basic Materials

  Stock type

  Cyclical

• Industry

  Other Industrial Metals & Mining

  Fiscal Year End

  31 December 2026

  Employees

  140,000