Glencore PLC
Glencore plc is a leading Anglo-Swiss multinational commodity trading and mining company headquartered in Baar, Switzerland. Founded in 1994 via the management buyout of Marc Rich + Co AG (established in 1974), Glencore became one of the world's largest integrated producers and marketers of commodities, especially after its merger with Xstrata in 2013. The firm operates globally, maintaining major offices in London and Jersey, and serves customers in industries such as automotive, power generation, steel production, and food processing. As of recent years, Glencore employs approximately 135,000 people worldwide, including contractors.
Investment Strategy
Glencore combines commodity production, recycling, sourcing, marketing, and distribution to supply critical raw materials fundamental to modern life and the low-carbon transition. They focus on responsible sourcing and supply chain transparency, balancing coal mine production with increased output of transition metals such as copper, nickel, and cobalt. Their strategy actively integrates mining and trading, leveraging global scale and diversity across industrial and marketing businesses to maximize value for shareholders while aiming to meet environmental and social governance goals.
Top Holdings
Equity Positions (2)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
C CENX | Century Aluminum Co. | 85.65% | $721.8M | 40,054,508 | $18.22 | $18.02 | -$21.3M |
M MTAL | MAC Copper Limited | 14.35% | $120.9M | 10,000,000 | $10.62 | $12.09 | +$25.5M |