Glencore

Glencore is a multinational commodity trading and mining company headquartered in Baar, Switzerland, with significant operations in London, UK. Founded in 1974 by Marc Rich, it is one of the world’s largest traders of agricultural products, metals, mining, and energy commodities. The company plays a key role in global supply chains, facilitating the movement of raw materials between producers and consumers.

Glencore operates through two main divisions: Trading and Production. The Trading division handles the buying and selling of commodities like copper, cocoa, coal, and wheat, while the Production division manages mining and agricultural assets, including mines and plantations. The company’s extensive network spans over 30 countries, with a focus on emerging markets in Africa, Latin America, and Asia.

In 2014, Glencore merged with Xstrata, a Swiss-based mining company, to form a larger entity, expanding its production capabilities. The merger strengthened its position in metals and mining, particularly in copper and zinc. The company has faced scrutiny over labor practices, environmental impact, and tax avoidance in some jurisdictions, leading to regulatory investigations and controversies.

Glencore is listed on the London Stock Exchange and the Swiss Stock Exchange, with its shares also traded on the New York Stock Exchange. The company has been recognized for its influence in global commodity markets but has also been criticized for its role in shaping prices and supply dynamics. It remains a major player in the commodities sector, adapting to market trends and sustainability demands.