Glencore

Glencore

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Glencore

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Description:
Glencore International plc is a multinational mining and commodities trading company headquartered in Baar, Switzerland and with its registered office in Saint Helier, Jersey. It is the world's largest commodities trading company, with a 2010 global market share of 60 per cent in the internationally tradeable zinc market, 50 per cent in the internationally tradeable copper market, 9 per cent in the internationally tradeable grain market and 3 per cent in the internationally tradeable oil market.

Glencore has production facilities around the world and supplies metals, minerals, crude oil, oil products, coal, natural gas and agricultural products to international customers in the automotive, power generation, steel production and food processing industries. The company was formed in 1974 by a management buyout of Marc Rich & Co AG.

Glencore listed on the London Stock Exchange in May 2011 and is a constituent of the FTSE 100 Index. It has a secondary listing on the Hong Kong Stock Exchange.

History

Early history

According to an Australian Public Radio report, "Glencore's history reads like a spy novel". The company was founded as Marc Rich & Co. AG in 1974 by now-billionaire commodity trader Marc Rich, who was...
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