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Company Profile

  • Business description

    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. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners, Glencore 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. It has also agreed to buy Teck's metallurgical coal business, with the deal likely closing in the third quarter of 2024.

  • Contact

    Baarermattstrasse 3
    Baar CH-6340
    CHE

    T: +41 417092000

    E: info@glencore.com

    https://www.glencore.com

  • Sector

    Basic Materials

    Stock type

    Cyclical

  • Industry

    Other Industrial Metals & Mining

    Fiscal Year End

    31 December 2024

    Employees

    83,426

Glencore PLC News & Analysis

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The cheapest opportunity in mining

Morningstar updates commodity forecasts and our fair value for miners including BHP, Fortescue and Rio.
stocks

Black gold: Rising coal prices lead to increase in fair value estimates

Higher royalties are more than offset by improved near-term thermal and metallurgical coal prices and weaker exchange rates.
video

Queensland government hikes royalty rates: What does this mean?

Morningstar equity analyst Jon Mills explains royalty rate hikes and how the changes impact Australian miners.

Markets

Index
Last price
Change
% Change
All Ordinaries 7,863.10 31.20 0.40%
CAC 40 7,984.93 80.22 -0.99%
DAX 40 17,932.17 186.15 -1.03%
Dow JONES (US) 37,903.29 87.37 0.23%
FTSE 100 8,121.24 22.89 -0.28%
HKSE 18,199.31 436.28 2.46%
NASDAQ 15,605.48 52.34 -0.33%
Nikkei 225 38,270.41 3.64 -0.01%
NZX 50 Index 11,874.04 6.46 0.05%
S&P 500 5,018.39 17.30 -0.34%
S&P/ASX 200 7,601.00 31.10 0.41%
SSE Composite Index 3,104.82 8.22 -0.26%

Market Movers

Name
Last price
Change
% Change
Tietto Minerals Ltd TIE 0.68 0.01 0.74%
Telstra Group Ltd TLS 3.59 0.05 -1.37%
BrainChip Holdings Ltd BRN 0.25 0.04 -12.28%
Mesoblast Ltd MSB 1.07 0.03 -2.73%
Pantoro Ltd PNR 0.09 0.00 1.19%
Sayona Mining Ltd SYA 0.03 0.00 0.00%
Melbana Energy Ltd MAY 0.05 0.01 -9.09%
The Star Entertainment Group Ltd SGR 0.41 0.01 2.50%
South32 Ltd S32 3.55 0.05 1.43%
Pilbara Minerals Ltd PLS 4.06 0.01 -0.25%