Producer

Glencore

GLEN.LHQ CHwebsite ↗

Swiss-British commodity giant, second-largest cobalt miner globally. Operates Mutanda and Kamoto Copper Company mines in DRC, plus Murrin Murrin (Australia). Produced 38,200 tonnes cobalt in 2024.

2

Inputs supplied

2

Goods downstream

3

Facilities

0

Stories

What they make

2 inputs Glencore supplies

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Where it shows up

Goods downstream

Essential goods that depend on something Glencore makes, pick one to see the full supply chain.

What else they do

Business segments

The company's full revenue map, where this supply-chain role fits within their broader business.

  • Metals + Minerals Mining and Trading

    55%
  • Coal and Energy Commodities

    25%
  • Agricultural Commodities

    10%
  • Commodity Trading

    10%

Intelligence

What's known

Sourced claims about this company's role in supply chains, chokepoints, concentration, incidents, dual-use connections.

  • Origin2023

    Glencore was founded as Marc Rich + Co. AG in 1974 in Zug, Switzerland by Marc Rich, a commodities trader who had built his fortune at Philipp Brothers (PhiBro). Rich fled the United States in 1983 after being indicted for tax evasion and trading oil with Iran during the hostage crisis — becoming one of America's most wanted white-collar fugitives. His ex-wife Denise Rich made large donations to the Clinton Library and Democratic Party; Bill Clinton pardoned Marc Rich on his last day in office (January 20, 2001) in one of the most controversial presidential pardons in US history. Rich's company had been renamed Glencore in 1994 after a management buyout. Glencore went public in 2011 at a $60 billion valuation on the London Stock Exchange. In 2022, Glencore paid $1.5 billion in criminal settlements to the US DOJ, UK Serious Fraud Office, and Brazil for bribery and market manipulation in DRC, Venezuela, Nigeria, and Ivory Coast — the largest commodity trader corruption settlement in history. The company founded by a fugitive paid its corruption fine and continued operating as one of the world's most important commodity suppliers.

    Glencore PLC
  • Did you know2023

    Glencore is the world's largest seaborne thermal coal trader (~18% of global seaborne thermal coal) AND simultaneously the world's second-largest cobalt producer (~14% of global supply used in EV batteries). Glencore uniquely profits from both sides of the energy transition: they sell the coal that generates the electricity that currently powers the world, AND they mine the cobalt that goes into the EV batteries intended to replace petroleum in transportation. Glencore CEO Gary Nagle has argued that the world needs both coal for baseload power during the energy transition AND cobalt for the EV batteries at the end of it. ESG investors and climate activists targeted Glencore's coal mining as incompatible with Paris Agreement goals. Glencore's response: divesting the coal business would simply transfer ownership to non-ESG buyers, not reduce global coal supply. The same company holds the largest single-firm positions in both the major input to carbon-intensive electricity generation AND the major input to zero-emission vehicle batteries.

    Glencore PLC