Glencore's revised coal strategy and resilient marketing segment support a compelling risk-reward profile, despite lower Q1 production. The valuation remains attractive with over 25% upside, driven by normalized EBITDA and solid, strong free cash flow yields. Ongoing share buybacks, Bunge monetization, and resilient cash returns reinforce our buy rating.
Glencore's long-term strategy of owning commodity assets and trading expertise makes it a unique and undervalued player in the mining sector. Despite recent volatility and bearish trends, scale-down buying of GLNCY shares could be optimal, especially with the potential for higher commodity prices ahead. Restructuring and asset shifts suggest Glencore is positioning itself for a mega-merger, which could unlock significant shareholder value.
Glencore PLC (LSE:GLEN) shares were higher after a leading bank reported that the miner and commodities trader is holding its ground in coking coal despite some shifts in the market story. Citi, in a research note, points out that coking coal prices have swung wildly every few years, often driven by changing narratives about supply and demand.
![]() GLCNF In 2 months Announced | Other | $0.05 Per Share |
![]() GLCNF 1 month ago Paid | Other | $0.05 Per Share |
![]() GLCNF 9 months ago Paid | Other | $0.07 Per Share |
![]() GLCNF 10 months ago | Other | $0.07 Per Share |
![]() GLCNF 2 May 2024 Paid | Other | $0.07 Per Share |
6 Aug 2025 (In 1 month) Date | | - Cons. EPS | - EPS |
19 Feb 2025 Date | | - Cons. EPS | - EPS |
30 Oct 2024 Date | | - Cons. EPS | - EPS |
7 Aug 2024 Date | | - Cons. EPS | - EPS |
29 May 2024 Date | | - Cons. EPS | - EPS |
![]() GLCNF In 2 months Announced | Other | $0.05 Per Share |
![]() GLCNF 1 month ago Paid | Other | $0.05 Per Share |
![]() GLCNF 9 months ago Paid | Other | $0.07 Per Share |
![]() GLCNF 10 months ago | Other | $0.07 Per Share |
![]() GLCNF 2 May 2024 Paid | Other | $0.07 Per Share |
6 Aug 2025 (In 1 month) Date | | - Cons. EPS | - EPS |
19 Feb 2025 Date | | - Cons. EPS | - EPS |
30 Oct 2024 Date | | - Cons. EPS | - EPS |
7 Aug 2024 Date | | - Cons. EPS | - EPS |
29 May 2024 Date | | - Cons. EPS | - EPS |
Industrial Materials Industry | Basic Materials Sector | Mr. Gary Nagle C.A. CEO | OTC PINK Exchange | JE00B4T3BW64 ISIN |
CH Country | 84,146 Employees | 29 Aug 2025 Last Dividend | - Last Split | - IPO Date |
Founded in 1974 and headquartered in Baar, Switzerland, Glencore plc stands as a global leader in the commodities sector, specializing in the acquisition, production, refinement, processing, storage, transportation, and marketing of metals, minerals, and energy products. With operations sprawling across the Americas, Europe, Asia, Africa, and Oceania, Glencore operates under two main segments: Marketing Activities and Industrial Activities. This dual-structure enables the company not only to produce and market a diverse range of commodities but also to offer an array of services to both third-party producers and industrial consumers, encompassing financing, logistics, and more.
Glencore is involved in the production and marketing of a wide array of base and industrial metals, and minerals. This includes copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore. These products are pivotal in various industries, including battery manufacturing, electronics, construction, and automotive, indicating Glencore's integral role in global supply chains.
The company's energy portfolio encompasses coal, crude oil, refined oil products, and natural gas. Glencore is also engaged in oil exploration and production, as well as refining and distribution. These energy products support a wide spectrum of industries, from steel production to energy provision and oil industries, marking Glencore as a key player in global energy markets.
Glencore's marketing and distribution arm operates to supply physical commodities sourced both from third-party producers and from its own production. Specialized in catering to the needs of the battery, electronic, construction, automotive, steel, energy, and oil industries, the company's marketing efforts ensure the efficient distribution of essential commodities worldwide.
Beyond mere production and marketing, Glencore provides a suite of additional services that are critical to the functioning of the commodities market. This includes financing options for producers and consumers of commodities, logistical support ensuring the efficient transport and delivery of goods, and various other services designed to facilitate the seamless trade of commodities across the globe.