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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
The Glencore share price is approaching its all-time high even as copper prices have plunged to the lowest level since...
The Glencore share price looks set to snap a 4-day losing streak as it trades 0.16% higher on the day....
Glencore share price has made a steady recovery in the past few weeks even as concerns about a global recession...
Glencore share price has been in a tight range in the coming weeks amid heightened concerns about the global economy....
Glencore share price has consolidated from a recent high near 400p in October as the market weighs the prospects for commodities.
The Glencore share price has rallied in the past three consecutive days as interest in mining stocks and commodity prices...
The Glencore share price is trading 7.19% lower this Thursday, opening with a downside gap on another bearish day which...
The Glencore share price has moved sideways in the past few weeks as investors assess the company’s performance. The stock...
The Glencore share price has been in a tight range in the past few days. The stock is trading at...