Glencore share price moved sideways this week as investors worry about the global economic slowdown. GLEN, one of the biggest...
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 has made a spectacular recovery in the past few days. GLEN shares are trading at 513p,...
Glencore share price has had a mixed performance in 2022 as higher commodity prices intersected with huge corruption fines. The...
The Glencore share price has rallied in the past three consecutive days as interest in mining stocks and commodity prices...
The Glencore share price looks set to snap a 4-day losing streak as it trades 0.16% higher on the day....
The Glencore share price is trading 7.19% lower this Thursday, opening with a downside gap on another bearish day which...
Glencore share price has consolidated from a recent high near 400p in October as the market weighs the prospects for commodities.
The Glencore stock price is up this Friday after Morgan Stanley indicated that investors in the mining company could be...
Glencore share price has been in a tight range in the coming weeks amid heightened concerns about the global economy....
The Glencore share price is trying to hang on to intraday gains, which would keep it just shy of the...