Glencore plc (GLCNF) Research

Glencore plc, founded in Baar, Switzerland, in 1974 (and known as Glencore Xstrata plc until May 2014), operates as a global commodity giant. Its core business involves the full spectrum of activities from producing, refining, and processing to storing, transporting, and marketing metals, minerals, and various energy products. These operations are structured into two main segments, Marketing Activities and Industrial Activities, and extend across the Americas, Europe, Asia, Africa, and Oceania. Within its industrial operations, Glencore handles a diverse array of metals and minerals, including copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore. On the energy side, the company explores for and produces oil, in addition to distributing, storing, and bunkering petroleum products. It also actively trades in coal, crude oil, refined products, and natural gas. Furthermore, Glencore distributes both its own output and physical commodities acquired from other producers to a broad base of industrial customers. These include vital sectors such as battery manufacturing, electronics, construction, automotive, steel production, and the wider energy and oil industries. The company also offers crucial supplementary services, such as financing and logistics, to both commodity producers and consumers.

Market snapshot

Symbol
GLCNF
Price
$7.53
Day change
-2.27%
Market cap
$86.2B
P/E ratio
240.53x
52-week range
3.7-8.3
Sector
Basic Materials
Industry
Industrial Materials
Next earnings
in 2 months
Analyst price target
$12.90

Recent news

  • Glencore's South African smelter cancels planned job cuts after electricity deal

    Glencore's South African ferrochrome smelting unit said on Monday it has cancelled plans to lay off as ​many as 1,500 workers after the country's energy ‌regulator approved discounted electricity costs for the sector.

  • AustralianSuper says possible Glencore listing on ASX would be positive

    Pension fund AustralianSuper on Wednesday said if Glencore decides to list shares on the Australian Securities Exchange, it would ​be "positive" for both the bourse and the Swiss-based commodities trader and miner.

  • Glencore Sees Trading Boost From Middle East Conflict

    Glencore's quarterly copper production jumped 19% while production for steelmaking and energy coal declined.

Peer companies

  • Anglo American plc (AAUKF)
  • CMOC Group Limited (CMCLF)
  • Fortescue Metals Group Limited (FSUGY)
  • Fortescue Metals Group Limited (FSUMF)
  • Grupo México, S.A.B. de C.V. (GMBXF)
  • Holcim Ltd (HCMLF)
  • Holcim Ltd (HCMLY)
  • Anglo American plc (NGLOY)

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