What is the core business of Glencore?
Founded in the 1970s as a trading company, we have grown to become a major producer and marketer of commodities – employing 135,000 people around the world. Our operations comprise around 150 mining, metallurgical and oil production assets.
What materials does Glencore mine?
We produce and market a diverse range of metals and minerals – such as copper, cobalt, zinc, nickel and ferroalloys – and also market aluminium/alumina and iron ore from third parties. We are one of the world’s largest producers and marketers of copper.
Is Glencore a good stock?
Glencore PLC – Hold Valuation metrics show that Glencore PLC may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of GLNCY, demonstrate its potential to outperform the market. It currently has a Growth Score of A.
Is cobalt mined ethically?
Currently, about 65% of the world’s cobalt is mined in the Democratic Republic of Congo, much of it by hand and employing children and young men. New cobalt mines outside the DCR could become the preferred source of ethically-mined cobalt in the medium-term.
What is Glencore doing with coal?
Along with several other major coal producers, Glencore is also a large shareholder in globalCOAL, the online physical coal trading platform. The board of globalCOAL contains a number of power utility shareholders.
Is Glencore going to cut production at major copper mines?
“Glencore to Cut Production at Major Copper, Cobalt Mine”. Wall Street Journal. ISSN 0099-9660. Retrieved 7 March 2019. ^ a b “Glencore’s Glasenberg dismisses coal divestment as pointless”. Financial Times. 16 October 2020.
Does Glencore operate in Australia?
Read about Glencore’s Australian operations. Read about Glencore’s Australian operations. Evolution Mining to acquire Ernest Henry Mining from Glencor Glencore’s Maryann Wipaki named Exceptional Woman in Austral Queensland Indigenous Pathways Employment Program graduates
How did Glencore manage to reduce its debt?
The company reduced its debt by selling off stock and assets. Along with several other major coal producers, Glencore is also a large shareholder in globalCOAL, the online physical coal trading platform. The board of globalCOAL contains a number of power utility shareholders.