Glencore Faces Its Biggest Challenge Since 2016 [Seeking Alpha]
GLENCORE PLC UNSP/ADR (GLNCY)
US:NASDAQ Investor Relations:
glencore.com/investors
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Source: Seeking Alpha
are global assets that are essentials for people around the world. Glencore PLC (OTCPK:GLNCYGlencore 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 peak in commodity prices in 2011. A mountain of debt sent the stock to a low of $1.95 in early 2016. At the end of last week, the price of GLNCY shares was less than $1 above that low as the impact of the global pandemic weighed on commodity prices.I last wrote onThe CEO will need to put off retirementIvan Glasenberg became the CEO of Glencore in 2002. He began working at the predecessor company run by his mentor Marc Rich in 1984, working in the coal department in South Africa and Australia. He managed the company’s Hong Kong and Beijing offices from 1989 to 1990 and became the head of the coal trading and marketing depa
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News
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- Glencore (OTCMKTS:GLNCY) had its "overweight" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
- Glencore (OTCMKTS:GLNCY) was downgraded by analysts at Sanford C. Bernstein from a "strong-buy" rating to a "hold" rating.MarketBeat
- Glencore (OTCMKTS:GLNCY) was downgraded by analysts at Berenberg Bank from a "strong-buy" rating to a "hold" rating.MarketBeat