About Glencore (GLEN)

Company Description:

Glencore plc is a multinational commodity trading and mining company. It is involved primarily in the production and marketing of commodities that include metals and minerals, energy products, and agricultural products.

The company was founded in 1974 by Marc Rich and is headquartered in Baar, Switzerland. It has grown to become one of the world's largest globally diversified natural resource companies.

Main Product(s):

Glencore's main products include copper, cobalt, zinc, nickel, ferroalloys, aluminum, iron ore, coal, and oil. They also trade in agricultural products such as grains, oils/oilseeds, and cotton.

Short History of Glencore plc:

1974 - Founded by Marc Rich as Marc Rich & Co AG.
1994 - Company was renamed Glencore after a management buyout.
2011 - Glencore went public on the London and Hong Kong stock exchanges.
2013 - Merged with Xstrata, significantly expanding its mining operations.
2018 - The U.S. Department of Justice subpoenaed Glencore for compliance with money laundering and corruption laws, affecting its market value.
2021 - Glencore committed to a net-zero total emission goal by 2050, aligning with global climate goals.