Glencore plc (GLCNF)
Glencore plc operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Baar, ZG, CH. The stock last traded at $7.44, up 1.64% on the session, giving a market capitalisation of $87.04B. On trailing twelve-month figures it carries a trailing P/E of 16.33, a net margin of 1.8%. Its beta of 0.51 implies it has historically moved less than the broad market.
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.
Glencore plc is most often compared with the following Basic Materials names: