Glencore International AG (Glencore) is involved in the production, marketing and distribution of energy, agricultural and metal commodities. With its head office based in Baar, Switzerland, Glencore and its subsidiaries have operations in 30 countries and over 56,000 employees.
Founded in 1974 as Marc Rich + Co AG, what is now Glencore originated as a metal, minerals, and crude oil marketing company. During the 1980s, it expanded operations to include agricultural and energy products. In 1994 the company was renamed Glencore International after a management buyout.
The company went public in 2011 and in 2013 merged with Xstrata to form the world's largest commodities trading company.
Glencore is involved in the automotive, oil, power, steel, and food processing industries. The company and its subsidiaries are directly involved in the production of many commodities, but also sources and markets materials from third party companies. Glencore's operations can be divided into three commodity segments.
Glencore's metals and minerals operations are involved in the production and trading of alumina, aluminum, zinc, copper, lead, ferroalloys, nickel, cobalt, and iron ore.
Glencore's energy segment encompasses the production of oil, gas, coal, and coke, as well as value-added materials, including liquefied petroleum gas, jet fuel, and naphtha.
Glencore's agricultural operations are involved in the trading and distribution of wheat, corn, barley, rice, oilseeds, meals, edible oils, biodiesel, and sugar.
According to TERENCE BELL. Source: thebalance.com