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UBC - Glencore Faces Its Biggest Challenge Since 2016
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Commodities are global assets that are essentials for people around the world. Glencore PLC (OTCPK:GLNCY) is both a merchant trading and producing company with interests across the globe. The company has been around since the 1970s, is the successor company from Marc Rich AG, and has its headquarters in Barr, Switzerland.
Glencore has 160,000 employees around the globe. Its operations include 150 mining and metallurgical sites and oil production assets. When it comes to raw materials, Glencore either markets, or produces most commodities. The company merged with Xstrata in 2013, right after the