Glencore operates in more than 50 countries around the world; they divide their activities up by region: Australasia, South Africa, Africa, North America, South (Latin) America and Europe & CIS.
Their global operations comprise over 150 mining & metallurgical, oil production and agricultural assets, supported by more than 90 offices world-wide.
Glencore produces and trades more than 90 commodities derived from natural resources.
Its products are copper, zinc, nickel, ferroalloys, aluminum, coal, oil and agricultural products.
Glencore trades in and distributes physical commodities sourced from third party producers as well as its own production. It also provides financing, processing, storage, logistics and other services to commodity producers and consumers.
Its business model
Glencore is one of the world’s largest diversified and vertically-integrated commodity producers, processors and traders. It markets and distributes to a wide customer base that includes the industrial, automotive, construction, steel, power generation, oil and food processing industries.
Explore, acquire & develop
It carries out exploration activities near to our current assets, to support development of brownfield sites. This approach lowers its risk profile and lets it use existing infrastructure, realise synergies and control costs.
Glencore evaluates each industrial investment opportunity on its own merits as well as on its potential to strengthen its existing marketing activities or industrial assets.
Thus Glencore can build on its economies of scale, its familiarity with its host political and cultural landscapes and its understanding of commodity dynamics.
Extract & produce
Its mineral mining and beneficiation activities cover a wide range of commodities, mining techniques and countries. Glencore produces products for processing and refining at its own facilities, or for sale to third parties.
Commodity extraction and production involves long-term commitment and exposure to risks that include commodity prices, project development, changes in sovereign legislation and community acceptance.
Earning our social licence to operate from local communities and host governments is integral to its business.
Process & refine
Glencore has a great deal of expertise in processing and refining activities, as well as advantages in terms of the technology we use. This allows Glencore to optimise its end products for a wider customer base and produce in significant volume.
Having access to high volumes of product is an advantage for its marketing teams, as well as increasing our flexibility and optionality, providing security of supply and giving it valuable market knowledge. Glencore purchases and processes additional products as required from smaller operators that do not enjoy the same economies of scale.
Blending & optimising
Its presence at every stage of the commodity chain enables the company to blend and optimise products. These come both from its own production and from third parties. making the company better placed to meet the exact requirements of its customers.
Working with third-party suppliers allows it a fuller oversight of supply, plus valuable market and local knowledge leading to a better understanding of the balance between supply and demand in our markets.
Logistics & delivery
Its logistics assets around the world handle large volumes of commodities, fulfilling our marketing obligations and allowing it to capitalise on demand and supply imbalances.
Glencore has storage and logistics assets in key strategic locations, including metal warehouses accredited by the London Metal Exchange and numerous oil and grain storage facilities.
Its value-added services fulfil customer needs and make us a preferred long-term counterparty as well as strengthening our long-term relationships.
Glencore’s business is divided into three business segments: metals & minerals, energy products and agricultural products, as well as marketing & logistics.