Since its 2011 stock market debut, the Glencore share price has never surpassed its opening day high. However, GLEN may...
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
Thursday’s crazy Glencore share price action precedes a more muted performance, with bulls managing to engineer a 0.27% gain. This...
Glencore share price is holding steady close to its all-time high even after the company agreed to pay $1.1 billion...
Glencore share price has had a mixed performance in 2022 as higher commodity prices intersected with huge corruption fines. The...
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The Glencore share price has been in a tight range in the past few days. The stock is trading at...
The Glencore share price is hovering near its highest level since March 2012 as investors focus on the commodities sector....
The Glencore stock price is up this Friday after Morgan Stanley indicated that investors in the mining company could be...
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The Glencore share price is trading 7.19% lower this Thursday, opening with a downside gap on another bearish day which...