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.

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Glencore is a Swiss multinational commodity trading and mining company established in 1974. As one of the world’s largest diversified natural resource companies, Glencore manages the production and marketing of over 60 commodities across more than 35 countries. The company employs approximately 150,000 people worldwide and operates through two main segments: Industrial operations for commodity production and Marketing for trading and distribution. Glencore’s extensive global network enables it to serve various industries, including automotive, steel manufacturing, power generation, and electronics. The company maintains a strong commitment to sustainability and aims to achieve net-zero carbon emissions by 2050.

Battery Technology

Glencore’s contribution to battery technology centers on its role as a major supplier of essential battery materials and recycling solutions. The company produces and processes critical metals including cobalt, nickel, and copper, which are fundamental components in battery manufacturing. Their operations support the growing demand for electric vehicle batteries and renewable energy storage systems.

The company has developed significant battery recycling capabilities through strategic partnerships. Their collaboration with Li-Cycle involves combining primary and recycled battery materials to create battery-grade products. This initiative supports circular economy principles in the battery supply chain. Additionally, Glencore partnered with Britishvolt to establish a battery recycling facility in the UK, focusing on recovering valuable metals from end-of-life batteries.

In partnership with Sandvik, Glencore is implementing second-life battery energy storage systems, utilizing modules from electric mining vehicles. The company also collaborates with Gelion to advance next-generation battery technologies, including Lithium-Sulfur and Zinc-based hybrid cells for various applications.

Recent Projects

In late 2024, Glencore secured a binding agreement to acquire a 77% stake in Teck Resources Limited’s steelmaking coal business for $6.93 billion. The company has engaged in preliminary discussions with Rio Tinto regarding a potential merger, which could result in the creation of the largest mining company globally. Glencore will release its 2024 Full Year Production Report on January 30, 2025, followed by its Preliminary Annual Results on February 19, 2025.

Investors

The Qatar Investment Authority previously held position as Glencore’s largest shareholder until March 2022, when it sold a stake worth $1.1 billion. Aabar Investments, part of Abu Dhabi’s state-owned United Arab Emirates International Petroleum Investment Company, became a significant shareholder during Glencore’s IPO in 2011, investing $850 million for a 1.4% stake. Currently, Glencore’s shares trade on multiple exchanges, with ownership distributed among institutional and individual investors.

Business Details

Location: Baar, Zug, Switzerland
Website: https://glencore.com
LinkedIn: https://www.linkedin.com/company/glencore/

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