Glencore plc (GLNCY) Research

Glencore plc is a global diversified natural resources company actively involved in the production, refinement, processing, storage, transport, and marketing of a wide array of metals, minerals, and energy products. Its extensive operations span continents, reaching the Americas, Europe, Asia, Africa, and Oceania. Structured into two primary divisions, Marketing Activities and Industrial Activities, the company is a significant producer and supplier of various industrial metals like copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore. Its energy portfolio encompasses oil exploration, production, distribution, storage, and bunkering activities, alongside a broad offering of coal, crude oil, refined products, and natural gas. Beyond its proprietary output, Glencore also sources and trades physical commodities from third-party producers, supplying them to diverse industrial consumers across sectors such as battery manufacturing, electronics, construction, automotive, steel, and the energy and oil industries. Furthermore, it provides vital ancillary services, including financing and logistics solutions, to both producers and end-users of commodities. Established in 1974, Glencore plc, headquartered in Baar, Switzerland, adopted its current name in May 2014, having previously been known as Glencore Xstrata plc.

Market snapshot

Symbol
GLNCY
Price
$14.94
Day change
-1.26%
Market cap
$86.2B
P/E ratio
240.53x
52-week range
7.4-16.62
Sector
Basic Materials
Industry
Industrial Materials
Next earnings
in 2 months
Analyst price target
$9.30

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)
  • BHP Group Limited (BHP)
  • Fortescue Metals Group Limited (FSUGY)
  • Ivanhoe Mines Ltd. (IVPAF)
  • Lithium Americas Corp. (LAC)
  • MP Materials Corp. (MP)
  • Anglo American plc (NGLOY)
  • Rio Tinto Group (RIO)

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