Glencore Plc acquired warrants last year that would have given it a minority stake in Radiant World, an iron ore trader currently under scrutiny for allegedly providing falsified documents to banks.
President Trump has demanded that Iran pay compensation for those killed and injured, escalating tensions as hopes for an agreement on the Strait of Hormuz fade and oil prices surge. This demand comes after Iran reportedly sought reparations from the U.S.
The Democratic Republic of Congo, the world's poorest country and largest raw material Eldorado, is implementing a ban on the export of cobalt and copper concentrates, a move expected to hit the massive profits of Chinese companies, Switzerland's Glencore, and a Kazakhstani group.
Glencore Plc will launch a secondary listing in Australia as soon as October as the mining giant seeks to tap new investment in the nation’s fast-growing A$4.4 trillion ($3.1 trillion) pension system.
Glencore announced a significant increase in its first-half earnings and revealed plans to pursue a secondary listing on the Australian stock exchange.
Glencore has announced that it has taken a provision on its exposure to the trader Radiant World. This financial adjustment reflects the company's assessment of the risks associated with its dealings with the firm.
Vitol Group and Cargill Inc. have ceased trading with Radiant World, a major iron ore trader, while Glencore Plc is also halting new business, all due to concerns over fake invoices.
Glencore Plc announced that its trading division generated approximately $3.3 billion in profit during the first half of the year, positioning the company for one of its best trading years ever.
AustralianSuper, a major superannuation fund, has expressed a positive outlook on the potential listing of Glencore on the Australian Securities Exchange (ASX).
A fireworks factory in China's Hunan province experienced a devastating explosion, resulting in the deaths of at least 26 people and injuring dozens more. Authorities have launched an investigation into the incident.
Falcon Copper and Glencore are collaborating to enhance the United States' minerals supply chain. This partnership aims to boost the availability and security of critical minerals in the US.
Glencore's stock has seen a significant 120% increase over the past year, raising questions about its ability to maintain this performance and navigate potential impacts from the Iran war.
Ahead of earnings reports, Lynas, Glencore, and Rio Tinto have been highlighted as leading large-cap stock selections within the materials sector by SA Quant.
Glencore reported a decrease in overall earnings, even as its metal trading division achieved a record-breaking performance, indicating mixed results across its operations.
Korea Eximbank has provided a $1 billion loan to Glencore to secure copper supplies, particularly for the growing demand in AI-related industries. This strategic move aims to ensure a stable supply of the critical metal for South Korea.
A consortium backed by Glencore is reportedly seeking to rescue Sherritt, North America's sole cobalt refinery, becoming the second major investor to show interest in gaining control.
Ahold Delhaize reported non-GAAP EPS of €0.63 and revenue of €23.2B, while Glencore reported non-GAAP EPS of $0.31 and revenue of $174.43B. Both companies reaffirmed their respective financial and production outlooks for fiscal year 2026.
Oil and diesel prices are high, creating a lucrative environment for trading businesses. The largest supply crisis in the oil market has proven to be highly profitable for companies like Shell and Glencore amidst the Iran war.
Lundin Gold signed a hydroelectric deal in Ecuador to power its Fruta del Norte mine, while Larvotto secured a seven-year gold offtake agreement with Glencore for Hillgrove gold.
The UK's tax authority, HMRC, is reportedly at risk of losing a £1.5 billion tax dispute with the mining giant Glencore, with details of the case remaining confidential.
Glencore's trading division has achieved substantial profits, capitalizing on the instability and price fluctuations currently affecting global energy markets due to ongoing conflicts.
Following a ceasefire, Glencore and a Taiwanese refiner have reportedly booked tankers to load oil from the Middle East, indicating a resumption of oil logistics.
Centaurus has achieved a significant milestone at its Jaguar project by securing an offtake deal with Glencore, as announced at the ASX SMIDcaps Conference.
Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi, has been applauded for his aggressive asset recovery drive and successful negotiations, including a 50 million dollar deal with Glencore International A.G.
Glencore announced plans to return $2 billion to shareholders, even as it reported lower full-year core earnings, and also finalized a significant land deal in Congo.
Glencore reported a decline in overall earnings, even as its metal trading division achieved record performance, highlighting a mixed financial quarter for the commodities giant.
The basic materials sector is a subject of market discussions, with companies like Glencore reporting earnings that show a fall despite a second-half recovery.
A consortium of investors, including an unnamed U.S. anchor investor, Kyma Capital Ltd., Trifon Natsis, and Glencore Ltd., has submitted a non-binding recapitalization proposal to Sherritt International Corp. This potential lifeline comes after U.S. sanctions against Cuba impacted the Canadian company.
Mining giant Glencore is struggling to maintain control over its key mines in Congo, as Kinshasa seeks to curb the power of foreign mining companies despite Glencore's exploding profits from the country's mineral resources.
Glencore has reported a significant jump in profits, driven by a booming trading division and record copper production. The company's energy trading profits were particularly boosted by the Iran war.
Glencore reported a significant increase in its trading profits, reaching $3.3 billion, with figures doubling due to the turmoil in the Middle East. The company's success is attributed to the volatility in oil markets caused by the ongoing regional conflict.
The World Health Organization has issued an alarm regarding the Ebola outbreak in the Democratic Republic of Congo, stating it is the third-largest in history and spreading faster than previous outbreaks, with over 2,100 cases and 828 deaths. This comes as Uganda officially declares an end to its own Ebola epidemic, with no remaining patients.
Glencore is recognized as a strategically important asset in the copper market, driven by the increasing demand from artificial intelligence and electrification industries.
Swiss commodity traders like Trafigura and Glencore are reportedly profiting significantly from the Iran war, with Trafigura achieving one of its best half-year results, though caution remains about potential crisis escalation.
Willy Strothotte, the former CEO of Glencore who famously ousted Marc Rich, has passed away at the age of 82. Strothotte was a pivotal figure in the history of the commodities giant.
Glencore has chosen Fidelity National Information Services (FIS) supply chain finance platform for a new $2.55 billion program, indicating a significant business partnership.
Glencore has announced the acquisition of a 45% stake in an aluminium recycling facility located in South Carolina, expanding its presence in the recycling sector.
Commodity traders Glencore and Mercuria have reached an agreement to purchase additional liquefied natural gas (LNG) from Commonwealth. This deal signifies an expansion in their energy trading portfolios.
Swiss firms like Glencore, Mercuria, and Vitol, based in Geneva and Zug, dominate the global trade of oil, metals, and grain. A commentary argues that their significant influence exposes Switzerland and makes it vulnerable, calling for greater transparency.
Glencore reported a decline in earnings despite achieving record performance in metal trading, while its Congo copper mine secured a land deal to boost output.
Swiss mining group Glencore announced a dip in its earnings, attributing the decline to languishing coal prices. This marks the first set of results since the company's talks with Rio Tinto fell apart.