The price of Glencore shares has drifted from highs near 400p to trade at 350p but the cooling in price...
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
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 been in a strong bullish trend this week as the prices of key commodities surged. The stock...
On Thursday, the Glencore share price posted its best one-day performance since May, following a sharp rebound in Chinese property...
Glencore share price is holding steady close to its all-time high even after the company agreed to pay $1.1 billion...
The 2.29% rise in the Glencore share price has pushed the Glencore stock to the 4th position on the gainers’...
The Glencore share price has found a ceiling after outgoing CEO Ivan Glasenberg doubles down on the Anglo-Swiss commodity traders...
Glencore share price has been in a tight range in the coming weeks amid heightened concerns about the global economy....
The Glencore share price has rallied in the past five straight days as investors reflect on the rising coal prices....
The Glencore share price has been moving sideways recently as investors watch the performance of the commodities sector. GLEN is...