# Glencore

> metals and minerals, and energy products company

**Wikidata**: [Q169339](https://www.wikidata.org/wiki/Q169339)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Glencore)  
**Source**: https://4ort.xyz/entity/glencore

## Summary

Glencore is a public limited company founded on January 1, 1974 . The company was established by Marc Rich and Pincus Green . As of 2015, Glencore employed approximately 156,000 people [1]. The current CEO of Glencore is Gary Nagle [2].

## Summary
Glencore is a publicly traded metals and minerals, and energy products company founded in 1974. It is headquartered in Baar, Switzerland, and operates in the mining industry, trading commodities such as copper, cobalt, and coal. The company is listed on multiple stock exchanges, including the London Stock Exchange, Hong Kong Stock Exchange, and Johannesburg Stock Exchange.

## Key Facts
- **Founded**: 1974
- **Headquarters**: Baar, Switzerland
- **Industry**: Mining, metals and minerals, energy products
- **Legal Entity**: Public company offering securities to the public
- **Stock Exchanges**: London Stock Exchange, Hong Kong Stock Exchange, Johannesburg Stock Exchange
- **Key Products**: Copper, cobalt, coal, and other minerals
- **Revenue**: $170.5 billion (2020), $221.1 billion (2021), $142.3 billion (2022), $203.8 billion (2023), $255.9 billion (2024)
- **Employees**: 156,468 (as of latest data)
- **Net Profit**: Varies annually, including losses in some years (e.g., -$8.1 billion in 2020, $4.97 billion in 2023)
- **Total Assets**: $128.5 billion (2020), $152.2 billion (2021), $128.7 billion (2022)
- **Ownership**: Controlled by major investors including Qatar Investment Authority, BlackRock, and individual shareholders like Ivan Glasenberg and Daniel Maté
- **Notable Operations**: Cerrejón coal mine in Colombia, Mutanda Mine in the Democratic Republic of the Congo, and Kattiniq/Donaldson Airport in Canada

## FAQs
- **What kind of company is Glencore?**
  Glencore is a publicly traded company specializing in the mining and trading of metals, minerals, and energy products. It operates as a global commodity trader and producer.

- **Where is Glencore headquartered?**
  Glencore is headquartered in Baar, Switzerland, a municipality in the canton of Zug.

- **What are Glencore’s key products?**
  Glencore trades and produces copper, cobalt, coal, and other minerals, serving industries such as energy, construction, and manufacturing.

- **On which stock exchanges is Glencore listed?**
  Glencore is listed on the London Stock Exchange, Hong Kong Stock Exchange, and Johannesburg Stock Exchange.

- **Who are Glencore’s major shareholders?**
  Major shareholders include Qatar Investment Authority, BlackRock, Ivan Glasenberg, and Daniel Maté.

- **What are Glencore’s notable mining operations?**
  Glencore operates the Cerrejón coal mine in Colombia, the Mutanda Mine in the Democratic Republic of the Congo, and the Kattiniq/Donaldson Airport in Canada.

- **What is Glencore’s revenue history?**
  Glencore’s revenue has fluctuated over the years, reaching $255.9 billion in 2024, with previous highs of $221.1 billion in 2021 and $170.5 billion in 2020.

- **Has Glencore faced financial challenges?**
  Yes, Glencore has reported net losses in some years, including -$8.1 billion in 2020 and -$1.9 billion in 2024, alongside profitable years like 2023 with a net profit of $4.97 billion.

## Why It Matters
Glencore plays a critical role in the global supply chain for essential metals and minerals, supporting industries such as energy, construction, and manufacturing. As a major player in commodity trading, the company influences prices and availability of resources like copper and cobalt, which are vital for renewable energy technologies and infrastructure development. Its operations span multiple countries, including Colombia, the Democratic Republic of the Congo, and Canada, impacting local economies and labor conditions. The company’s financial performance and market influence make it a key entity in the mining and energy sectors, with implications for global trade and economic stability.

## Notable For
- **Global Commodity Trading**: Glencore is one of the largest traders of copper, cobalt, and coal, shaping market dynamics.
- **Diversified Operations**: The company operates mines and trading hubs across multiple continents, including Africa, South America, and Canada.
- **Stock Exchange Listings**: Glencore is listed on three major stock exchanges, providing liquidity and investment opportunities.
- **Investor Ownership**: Major investors like Qatar Investment Authority and BlackRock hold significant stakes, reflecting its financial importance.
- **Environmental and Social Impact**: Glencore’s operations in resource-rich regions have raised concerns about environmental degradation and labor practices.

## Body
### History
Glencore was founded in 1974 and has since grown into a global commodity trading and mining company. The company was originally headquartered in Baar, Switzerland, and has expanded its operations through acquisitions and strategic partnerships. Over the years, Glencore has become a key player in the mining industry, with a focus on metals and minerals.

### Operations and Products
Glencore specializes in the trading and production of copper, cobalt, coal, and other minerals. The company operates mines and trading hubs in multiple countries, including Colombia, the Democratic Republic of the Congo, and Canada. Key operations include the Cerrejón coal mine in Colombia and the Mutanda Mine in the Democratic Republic of the Congo.

### Financial Performance
Glencore’s financial performance has varied over the years, with revenue fluctuating between $142.3 billion and $255.9 billion in recent years. The company has reported both significant profits and losses, with net profits ranging from -$8.1 billion to $4.97 billion. Total assets have also fluctuated, reaching $152.2 billion in 2021.

### Ownership and Investors
Glencore is owned by major investors, including Qatar Investment Authority, BlackRock, and individual shareholders like Ivan Glasenberg and Daniel Maté. These investors have played a significant role in shaping the company’s strategic direction and financial stability.

### Stock Exchanges
Glencore is listed on multiple stock exchanges, including the London Stock Exchange, Hong Kong Stock Exchange, and Johannesburg Stock Exchange. This listing provides the company with access to global capital markets and investment opportunities.

### Notable People
Key figures associated with Glencore include Ivan Glasenberg, who served as the company’s CEO, and Daniel Maté, a Spanish billionaire investor. These individuals have contributed to the company’s growth and success.

### Environmental and Social Impact
Glencore’s operations have raised concerns about environmental degradation and labor practices, particularly in regions like the Democratic Republic of the Congo. The company has faced criticism for its role in supporting mining activities that have environmental and social consequences.

### Related Entities
Glencore is affiliated with various entities, including the FTSE 100 Index, which includes companies with significant market capitalization. The company is also connected to the mining industry and has partnerships with organizations like Katanga Mining, which operates in the mining sector.

## References

1. GRID
2. [Source](https://www.lobbyfacts.eu/datacard/glencore-plc?rid=869729025581-78)
3. [Source](https://www.bnamericas.com/es/perfil-empresa/glencore-plc)
4. [annual report](http://www.glencore.com/investors/reports-and-results/reports/p/2015-annual-report)
5. [annual report](http://www.glencore.com/assets/GLEN-2016-Annual-Report.pdf)
6. [Source](https://www.glencore.com/who-we-are/our-leadership)
7. [Source](https://www.glencore.com/media-and-insights/insights/meet-our-new-ceo-gary-nagle)
8. GRID Release 2017-01-10
9. Virtual International Authority File
10. [Source](https://www.msn.com/en-za/news/other/un-report-names-48-multinational-corporations-allegedly-profiting-from-palestinian-occupation/ar-AA1HVa63)
11. [Source](https://www.hkex.com.hk/eng/invest/company/profile_page_e.asp?WidCoID=0805&WidCoAbbName=&Month=&langcode=e)
12. Freebase Data Dumps. 2013
13. [Alexa Internet](https://www.alexa.com/siteinfo/glencore.com/)
14. Google Knowledge Graph
15. [Glencore Annual Report 2020. annual report](https://www.glencore.com/.rest/api/v1/documents/3505497f3cb94b24f0c79f5ba32b293b/Glencore_AR20_Interactive+%281%29.pdf)
16. [Glencore Annual Report 2021. annual report](https://www.glencore.com/.rest/api/v1/documents/ce4fec31fc81d6049d076b15db35d45d/GLEN-2021-annual-report-.pdf)
17. [Preliminary Results 2022. 2023](https://www.glencore.com/.rest/api/v1/documents/7ce9527cb786528b7016cd495780a4af/GLEN-2022-Preliminary-Results.pdf)
18. [Register of other numbers. Australian Communications and Media Authority](https://www.acma.gov.au/sites/default/files/2022-02/Register%20of%20other%20numbers.xlsx)
19. [Glencore: bénéfice net de 1,3 md USD. 2017](http://www.lefigaro.fr/flash-eco/2017/02/23/97002-20170223FILWWW00084-glencore-benefice-net-de-13-md-usd.php)
20. [Annual Report 2018. Glencore. 2019](https://www.glencore.com/dam:jcr/b4e6815b-3a2c-43ca-a9ef-effe606bb3c1/glen-2018-annual-report--.pdf)
21. GRID Release 2016-12-06
22. Quora
23. Aligned ISNI and Ringgold identifiers for institutions
24. [Source](https://golden.com/wiki/Glencore-EP3J3R)
25. Name Suggestion Index
26. YouTube API
27. Wikirate