Glencore plc, headquartered in Baar, Switzerland, is one of the world’s largest diversified natural resource companies. Listed on the London Stock Exchange under the ticker GLEN, Glencore is a leading producer and marketer of more than 60 commodities, including copper, cobalt, nickel, zinc, lead, coal, and oil. The company’s integrated business model spans the entire commodity value chain, from mining and smelting to trading and marketing.
Vision, Mission, and Values
Glencore’s mission is to source the commodities that advance everyday life responsibly. Its vision is to create long-term value for shareholders and stakeholders by meeting global demand for raw materials in a safe, efficient, and sustainable manner. The company values responsibility, openness, simplicity, and entrepreneurialism.
Mining Operations
Glencore operates more than 60 mining and metallurgical sites worldwide. In copper and cobalt, its key operations include Katanga and Mutanda in the Democratic Republic of Congo, Collahuasi in Chile (a joint venture), and Antapaccay in Peru.
In coal, Glencore is one of the largest seaborne suppliers globally, with operations in Australia, South Africa, and Colombia. Its zinc and lead assets include Mount Isa Mines and McArthur River in Australia, as well as the Nordenham smelter in Germany.
Projects and Growth Pipeline
The company is advancing copper and cobalt expansions in the DRC, assessing new projects in nickel and battery metals, and focusing on coal mine life extensions in Australia. Glencore has also committed to reducing its coal portfolio over time, aligning with global decarbonisation targets, while investing in recycling and secondary metals recovery.
Geographic Presence
Glencore’s assets are located in more than 35 countries across six continents. Key regions include Africa (DRC, South Africa), South America (Chile, Peru, Colombia), Australia, and Europe. The global footprint ensures broad market access and supply chain integration.
Financial Performance
For 2024, Glencore reported adjusted EBITDA of approximately 17.1 billion US dollars, reflecting strong copper and coal earnings despite softer zinc and nickel prices. The company continues to generate robust cash flows from its trading division, which complements its industrial assets.
Sustainability and Corporate Social Responsibility
Glencore has set a target to achieve net-zero greenhouse gas emissions by 2050. It is focusing on reducing Scope 1, 2, and 3 emissions, with interim targets for 2035. The company invests in community initiatives in education, healthcare, and local economic development while enhancing transparency through sustainability reporting.
Partnerships and Customers
Glencore is a major supplier of raw materials to global steelmakers, energy producers, and battery manufacturers. Its partnerships include joint ventures with Anglo American and BHP at Cerrejón (coal) and with Anglo American and Mitsui at Collahuasi (copper). Customers span the automotive, electronics, power generation, and construction industries.
Recent Developments
In 2025, Glencore advanced negotiations for the acquisition of Teck Resources’ steelmaking coal business, strengthening its coal portfolio. It also announced new investments in cobalt recycling in Europe and renewable energy sourcing for its Australian operations.
Challenges and Opportunities
Glencore faces challenges related to commodity price volatility, regulatory scrutiny, and the transition away from coal. However, opportunities lie in the rising demand for copper, cobalt, and nickel to support electric vehicles and renewable energy, as well as in recycling and supply chain diversification.
Contact Information
Glencore’s headquarters are located at Baarermattstrasse 3, 6340 Baar, Switzerland. Further information and investor resources are available at https://www.glencore.com.
