Glencore is a leading global diversified natural resource company based in Baar, Switzerland, with significant operations in oil and gas based in London, UK. Founded in 1974, Glencore has grown to employ around 150,000 people across more than 30 countries. Initially focused on commodities trading, the company has expanded into mining, smelting, logistics, and marketing through strategic acquisitions and organic growth.
Glencore produces and markets over 60 commodities, including metals like copper, cobalt, and zinc, as well as thermal coal and crude oil. The company operates key assets such as Katanga Mining and Mopani in the metals sector, and various coal mines in Australia and South America. Additionally, Glencore is recognized as one of the largest physical commodities marketers globally and engages in recycling operations for copper and precious metals.
Anglo American's mining portfolio spans many commodities and continents. Like other large diversified miners, Anglo has significant exposure to copper, iron ore and metallurgical coal, but it is unique among the global majors given its significant platinum group metals and diamonds output. The company accounts for about one third of the world's platinum supply and around 30% of palladium supply. Anglo also owns 85% of De Beers, in most years the world's largest supplier and marketer of rough gem diamonds by value. Anglo also plans to move back into the crop nutrients business via its Woodsmith polyhalite project in the United Kingdom. In May 2024, Anglo announced thatmore
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2024. We expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.