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Glencore

Glencore

Glencore International is the world's largest commodities trading company. It was formed in 1974 by a management buyout of Marc Rich & Co. In May 2013, it completed the US$29 billion acquisition of Xstrata to create the world's fourth-biggest mining company, with a market value of about US$68 billion.

Chairman / President

Gary Nagle

CEO / Managing Director

Gary Nagle

CFO / Finance Director

Steven Kalmin

Industry

Metal and Minerals Energy

Website

glencore.com

Headquarters address

Baarermattstrasse 3, Baar, Zug, 6340, Switzerland

Stock Code

LSE:GLEN
JSE:GLN

Year founded

1974

New cars, including electric vehicles by Chinese firm BYD, are seen parked in the port of Zeebrugge in Belgium on October 24, 2024. Photo: Reuters

Electric & new energy vehicles

As Chinese EV makers expand in Europe, are local suppliers set to benefit?

Rising protectionism in Brussels could support demand for local inputs including batteries, lithium and other raw materials, industry insiders say.

25 May 2026 - 6:07PMvideocam

US-China trade war

Exclusive | US defends new minerals alliance, rejecting claims it targets China

6 Feb 2026 - 7:50AMvideocam

China’s Chuangxin rides Hong Kong IPO wave with US$707 million fundraising

14 Nov 2025 - 3:07PM

Hong Kong economy

Opinion | Can Hong Kong be the Switzerland of the East for commodities?

The city must supplement its financial expertise with a careful consideration of the needs of the real economy.

4 Nov 2025 - 10:46AM

A worker stands by a stream of molten steel at a steel factory in Huai’an, in China’s eastern Jiangsu province, on July 22. Photo: AFP

Oil giant Shell sells off Singapore refinery it built over 60 years ago

The sale of Shell’s assets in Singapore include the refinery on Bukom island, which opened in 1961, and a plant that produces mono-ethylene glycol on Jurong island.

8 May 2024 - 3:28PM

Electric & new energy vehicles

Hong Kong-listed Chinese miner CMOC leads world in cobalt output in 2023

The company’s output of the key metal in EV batteries exceeded its own guidance by more than 20 per cent as it surpassed Glencore as the world’s top producer.

5 Jan 2024 - 1:24PM

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China-Australia relations

Exclusive | Light seen at end of China-Australia trade tunnel after 3 dark years

Sources say a Beijing visit by Australian PM Anthony Albanese is already being prepared, but they do not expect a formal invite until after Beijing’s leadership reshuffle is finalised next month.

14 Feb 2023 - 11:16AM

By potentially visiting China this year, Australia’s prime minister hopes to show that Beijing and Canberra have restarted their normal relationship, sources say. Photo: Reuters

Australia coal exporters to China accused of bribery, lying about quality

The alleged misconduct also included exports to Japan, South Korea and India, according to a lawmaker citing thousands of documents from a whistle-blower.

22 Nov 2022 - 10:07AM

US-China relations

As US and China vie for Pacific clout, tiny New Caledonia can play outsize role

Far-flung French territory holds 7.1 million tonnes of high-grade nickel vital for making lithium-ion batteries to power electric vehicles.

16 Sep 2022 - 11:36PMvideocam

China-Africa relations

Congo troops to guard Chinese-owned copper mine amid human rights fears

Military says soldiers are to ward off illegal miners but watchdog group says move is dangerous and could be counterproductive.

20 Jun 2019 - 2:54AM

The Tenke Fungurume mine is one of the biggest in the Democratic Republic of Congo. Photo: Reuters

HNA dumps vanity buys for Silk Road commodity deals to please Beijing

28 Jan 2018 - 8:40AM

CWT Commodities Pte. Ltd in Singapore. Photo: SCMP/Handout

Glencore to issue 1.3b new shares to pay debt

16 Sep 2015 - 12:21PM

China Minmetals near US$5b deal to acquire Glencore copper mine in Peru

A group led by China Minmetals is nearing an agreement to purchase Glencore Xstrata's Las Bambas copper project in Peru for more than US$5 billion, according to people with knowledge of the matter.

8 Feb 2014 - 5:12AM

Miners bid to develop Australian bauxite project

Glencore Xstrata and China's Australian Indigenous Resources have submitted proposals to Australia's Queensland government to develop the Aurukun bauxite project in the northeastern state.

19 Sep 2013 - 4:14AM

Miners bid to develop Australian bauxite project

Glencore sees China bids for US$5b Peru copper mine

Glencore Xstrata, the global commodity trader and metals producer run by Ivan Glasenberg, expects as many as four Chinese bidders for a Peruvian copper mine that may be valued at more than US$5 billion.

12 Sep 2013 - 3:33AM

Glencore expects up to four Chinese bidders for its mine. Photo: Reuters

Update | Glencore squeezes US$2 billion out of Xstrata deal

11 Sep 2013 - 9:50AM

Glencore cuts budget at Tampakan copper-gold mine in the Philippines

Glencore Xstrata will cut up to 920 jobs and take the axe to spending at its US$5.9 billion Tampakan copper-gold project in the Philippines, one of several future mines under review since the company was formed in a record-breaking takeover.

14 Aug 2013 - 3:37AM

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Glencore, JPMorgan sued over warehouse aluminium prices

8 Aug 2013 - 12:33PM

End-users complain that aluminium prices are artificially inflated. Photo: SCMP

NY regulator asks foreign reinsurers about Iran links

2 Jul 2013 - 12:40PM

Rio, Glencore in talks over Australian coal assets -sources

13 Jun 2013 - 2:01PM

Australia coal firms dig in for years of mine closures, job cuts

24 May 2013 - 11:24AM

Australia relies heavily on China as a market for its coal. China is both the world’s largest producer and consumer of coal. Photo: Reuters

Glencore's aluminium chief in shock exit

Glencore Xstrata's head of aluminium, Gary Fegel, is set to leave the company, sources said, the first high-profile departure since commodity trading giant Glencore closed its purchase of miner Xstrata this month.

23 May 2013 - 4:41AM

Glencore Xstrata's head of aluminium, Gary Fegel, is set to leave the company. Photo: Reuters

Glencore shareholders dump chairman Bond

John Bond, the chairman of Glencore Xstrata, the world's largest exporter of power-station coal, was deposed by his shareholders yesterday, with the former chief executive of BP, Tony Hayward, appointed as interim chairman in his place.

17 May 2013 - 3:33PM

Talking Points

2 May 2013 - 1:23AM

Sluggish demand for raw materials drags down Glencore profit by 25pc

6 Mar 2013 - 5:41AM

Glencore's net income attributable to shareholders fell 75 per cent to US$1 billion. Photo: Reuters

Talking points

8 Nov 2012 - 2:08AM

Marilyn Monroe

Glencore's offer gets Xstrata board nod

2 Oct 2012 - 4:03AM

Glencore puts its cards on the table

21 Aug 2017 - 9:12AM

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