Glencore

Glencore, a Swiss multinational since 1974, is a leading commodity trader and mining company operating in over 35 countries. Specializing in essential battery materials and recycling solutions, Glencore supports electric vehicles and renewable energy. Committed to sustainability, it aims for net-zero carbon emissions by 2050.

Company Location

Country:

Switzerland

City:

Baar, Zug

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Company Overview

Glencore is a Swiss multinational commodity trading and mining company founded in 1974. It manages production and marketing of over 60 commodities across more than 35 countries, employs approximately 150,000 people, operates through Industrial and Marketing segments, and aims to achieve net-zero carbon emissions by 2050.

Battery Technology

Glencore supplies critical battery materials including cobalt, nickel, and copper and offers recycling solutions. It partners with Li-Cycle and Britishvolt on battery recycling facilities, collaborates with Sandvik on second-life battery energy storage systems using electric mining vehicle modules, and works with Gelion on next-generation Lithium-Sulfur and Zinc hybrid battery technologies.

Products

Recent Projects

2024: agreed to acquire a 77% stake in Teck Resources’ steelmaking coal business for $6.93 billion; engaged in discussions with Rio Tinto on a potential merger.

Investors

Qatar Investment Authority was the largest shareholder until 2022, when it sold a $1.1B stake. Aabar Investments invested $850M for a 1.4% stake in the 2011 IPO. Today, shares trade across multiple exchanges and are held by institutional and individual investors.

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