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Glencore is a globally prominent Anglo-Swiss multinational commodity trading and mining company based in Baar, Switzerland. Established in 1974 as a commodities trading firm, Glencore has since grown into one of the world’s largest commodity traders, encompassing various sectors such as metals, minerals, energy, and agricultural products. The company’s operations extend across all stages of the commodity value chain, including production, processing, storage, refining, transportation, and distribution. Glencore operates a vast network of mines, oilfields, and agricultural facilities in numerous countries worldwide. It also owns and operates its own infrastructure, including ports, ships, and storage facilities. As a commodities trader, Glencore engages in global sourcing and marketing activities, securing vast quantities of commodities, primarily metals and minerals, from producers worldwide and distributing them to industrial consumers. The company’s diverse customer base includes sectors such as automotive, electronics, oil and gas, power generation, and agriculture. Glencore is listed on both the London Stock Exchange and the Johannesburg Stock Exchange, allowing investors to participate in its operations. The company prides itself on its commitment to sustainable practices and environmental responsibility, actively engaging in initiatives to reduce its carbon footprint and promote responsible sourcing. Boasting a workforce of over 160,000 employees across more than 50 countries, Glencore’s operations have a significant impact on global commodity markets. The company has garnered both acclaim and criticism for its dominant position in the industry, often in debates regarding transparency in commodity trading.
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Oct 24, 2022