Glencore plc
About Glencore plc
Overview
Glencore plc is one of the world's largest global diversified natural resource companies with a unique business model combining mining production with marketing activities. The company produces and markets over 60 commodities from a network of assets and has marketing offices on six continents. Glencore is a leading producer of zinc, copper, cobalt, and thermal coal.
Operations
Glencore operates major mining and metallurgical assets including copper mines in Chile, Peru, Argentina, and Zambia; zinc-lead operations in Australia, Kazakhstan, Peru, and Canada; nickel operations in Australia, New Caledonia, and Norway; and coal operations in Colombia, South Africa, and Australia. The company also has significant cobalt production supporting the battery materials supply chain.
Strategy
Glencore's strategy leverages its integrated model of mining, processing, and marketing to optimize value throughout commodity cycles. The company focuses on maintaining a diversified commodity portfolio, disciplined capital allocation, operational excellence, and progressive decarbonization with a target to reduce total emissions by 50% by 2035 and achieve net-zero by 2050.
Key Projects
Key development projects include the Mutanda copper-cobalt restart in DRC, Collahuasi expansion in Chile, McArthur River zinc expansion in Australia, and Katanga copper expansion in DRC. Glencore is also investing in battery recycling, carbon capture technology, and renewable energy projects at mining operations.
Primary Commodities
Financial Metrics
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Quick Facts
- Ticker Symbol
- GLNCY
- Market Cap
- Large Cap
- Category
- Diversified
- Commodities
- Copper, Zinc, Nickel, Coal
- Headquarters
- Baar, Switzerland
- Founded
- 1974
- Employees
- ~135,000
Operating Countries
Producing Assets
- •Collahuasi Copper (Chile)
- •Antamina Copper (Peru)
- •Kazzinc Operations (Kazakhstan)
- •Katanga Copper (DRC)
- •Mopani Copper (Zambia)
- •Coal Operations (Australia, Colombia)
Development Assets
- •Mutanda Copper Restart (DRC)
- •Multiple brownfield expansions
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.