Glencore plc (GLEN)

Profile

https://www.glencore.com

Glencore plc is an Anglo-Swiss multinational commodity trading and mining company headquartered in Baar, Switzerland. One of the world's largest diversified natural resource companies, it produces, sources, markets, and distributes more than 60 commodities essential to everyday life and the transition to a low-carbon economy, including metals like copper, nickel, cobalt, zinc, coal, crude oil, oil products, natural gas, and agricultural goods. Founded in 1974 as Marc Rich & Co., it evolved from a trading firm into a vertically integrated giant through key acquisitions, such as merging with Xstrata in 2013, and operates across over 30 countries with approximately 150,000 employees and contractors. Glencore plc serves industrial consumers in sectors like automotive, steel, power generation, battery manufacturing, and oil, while providing financing, logistics, and other services. Its industrial and marketing segments drive significant market presence, with a focus on responsibly sourcing materials for global decarbonization efforts and net zero ambitions by 2050. In 2024, it reported $14.4 billion in adjusted EBITDA, underscoring its scale in the commodities market.