Glencore

Major Australian Coal Mine Underreported Methane Emissions: A Deep Dive into Glencore's Environmental Impact

2 months ago

A recent investigation has revealed alarming discrepancies in the reported methane emissions from one of Glencore's coal mines located in Australia. The research, conducted by a team of scientists and environmental analysts, indicates that the mine, known for its controversial environmental record, is emitting significantly more methane—an extremely potent greenhouse gas—than the company has disclosed.

Glencore Undertakes Major Revamp of Canadian Smelters Amid Falling Margins

2 months ago

In a bold move to respond to plummeting profit margins, Glencore plc has announced a comprehensive overhaul of its Canadian smelting operations. The energy and commodities giant is taking decisive steps to restructure its facilities in Canada, which are facing significant challenges due to unfavorable market conditions and economic pressures.

Chinese Coal Prices Expected to Decline Further Amid Glencore's Production Review

3 months ago

In a recent development, coal prices in China are forecasted to take a further nosedive, following announcements that global commodity giant Glencore is contemplating potential production cutbacks. This decision by Glencore, a major player in the energy and mining sector, speaks volumes about the current trends and pressures affecting the coal market, particularly within the rapidly changing economic landscape of China.

Glencore Increases Middle East Oil Purchasing for Singapore's Bukom Plant

5 months ago

In a strategic move aimed at bolstering its operations, Glencore, the global commodity trading and mining company, has significantly ramped up its oil procurement from Middle Eastern sources for its Bukom oil refinery located in Singapore. This increase in buying activity reflects Glencore's efforts to enhance its supply chain resilience amid fluctuating global oil prices and shifting market dynamics.

Glencore Engages in Negotiations to Divest Philippine Copper Smelting Operations

5 months ago

Glencore, the multinational commodity trading and mining company, is reportedly in advanced talks to sell its copper smelting unit located in the Philippines. This decision could mark a significant shift in the company's operational focus in the region, particularly given the growing demand for copper amid the global energy transition and increasing interest in sustainable mining practices.

World's Largest Cobalt Producer Issues Warning on EV Metal Demand

7 months ago

In a concerning update for the electric vehicle (EV) industry, Glencore, the world's largest cobalt mining company, has expressed a cautious outlook on the future demand for cobalt, a crucial metal used in the production of lithium-ion batteries. The company revealed its prognosis during an earnings call, citing a shift in market dynamics and potential overcapacity in the cobalt supply chain as key factors contributing to their pessimism.