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Glencore

Glencore is a commodity trading and mining company with four headquarters in London, UK, Baar, Switzerland, Rotterdam, Netherlands, and Saint Helier, Jersey. Its oil and gas headquarters is in London, UK, its main headquarters is in Baar, Switzerland, and it has a registered office in Saint Helier, Jersey. 

Glencore was founded in 1974 as Marc Rich & Co. AG by two commodity traders, Pincus Green and Marc Rich. In 1994, Rich was forced to sell his majority share to Glencore International after he lost $172 million trying to corner the zinc market. 

The company has been accused of corrupt dealings with rogue governments and even had one of its payments seized as proceeds of corruption. The company has also faced accusations of manipulating its accounts, including tax evasion. 

Is Glencore a good investment?

Glencore is a good investment given the projected high demand for commodities over the next few years from a pure investment perspective. Most analysts predict that demand for commodities such as copper, iron, zinc, and lithium, among others, will skyrocket in the future. 

However, as an ethical investor, I would avoid a company with such a long list of violations, including paying bribes to corrupt government officials. We need to care about businesses’ impact on our environment in the world we live in, and Glencore doesn’t have a good history. Furthermore, Glencore is a company with a valuation of £53 billion; hence, I do not see much growth in its future.  

Glencore share price news

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·Jan 25, 2023, 08:14 GMT

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·Dec 19, 2022, 07:50 GMT

Glencore Share Price: Is it Safe to Buy This Unethical Mess?

Glencore share price has had a mixed performance in 2022 as higher commodity prices intersected with huge corruption fines. The...
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·Sep 26, 2022, 12:20 BST

Glencore Share Price Nosedives After $486 million US Fine

The Glencore share price is down this Monday but has pared some earlier losses to trade 1% lower. This follows...
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·Sep 19, 2022, 08:54 BST

Here’s Why Glencore Share Price is at Risk of a 20% Crash

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·Sep 12, 2022, 07:52 BST

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·Sep 09, 2022, 08:47 BST

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·Sep 01, 2022, 13:07 BST

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·May 30, 2022, 06:42 BST

Glencore Share Price Forecast: What Next After the $1.1B Fine?

Glencore share price is holding steady close to its all-time high even after the company agreed to pay $1.1 billion...
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·May 24, 2022, 08:13 BST

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Financial market and cryptocurrency trading and investing carry a high degree of risk, and losses can exceed deposits. Ensure you fully understand the risks involved. Any opinions, news, research, analysis, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. Read the “Risk Disclosure Statement” for further details.

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