What does Glencore mean?
Definitions for Glencore
glen·core
This dictionary definitions page includes all the possible meanings, example usage and translations of the word Glencore.
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Wikipedia
Glencore
Glencore plc is an Anglo–Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland, and a registered office in Saint Helier, Jersey. The current company was created through a merger of Glencore with Xstrata on 2 May 2013. As of 2015, it ranked tenth in the Fortune Global 500 list of the world's largest companies.As Glencore International, the company was already one of the world's leading integrated producers and marketers of commodities. It was the largest company in Switzerland and the world's largest commodities trading company, with a 2010 global market share of 60% in internationally tradable zinc, 50% in internationally tradable copper, 9% in the internationally tradable grain market and 3% in the internationally tradable oil market.Glencore had a number of production facilities all around the world and supplied metals, minerals, crude oil, oil products, coal, natural gas and agricultural products to international customers in the automotive, power generation, steel production and food processing industries. The company was formed in 1994 by a management buyout of Marc Rich + Co AG (itself founded in 1974). It was listed on the London Stock Exchange in May 2011 and was a constituent of the FTSE 100 Index. It had a secondary listing on the Hong Kong Stock Exchange, but it has withdrawn from January 2018. Glencore's shares started trading on the Johannesburg Stock Exchange in November 2013. The Qatar Investment Authority is its biggest shareholder.
Numerology
Chaldean Numerology
The numerical value of Glencore in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of Glencore in Pythagorean Numerology is: 7
Examples of Glencore in a Sentence
We don't have to single out anyone, if we do that for China, we have to do that for (Freeport-McMoRan's) Tenke Fungurume. We have to do that for Glencore.
I don't think that's unique to Glencore and I don't think it necessarily reflects poorly on management.
Bargain-hunting traders and investors might well be eyeing up some very reasonably priced stocks that have been the victims of recent China-inspired volatility, while the fact remains that commodities are still under immense pressure and those who dig them up are too, blue-chip stocks trading at a discount like Glencore's provide an ideal vehicle for riding price swings.
The difficult thing now is that Glencore are forced sellers and if I was buying something off them, I wouldn't give them a very good price, because I would know they were desperate.
This is a lot of negative news, that is for sure ... We have a double-whammy happening, meaning copper prices continue to soften, and production targets are really at risk because of Glencore news, you could see a double-digit fiscal deficit very easily this year.
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"Glencore." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/Glencore>.
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