Glencore

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

4 days 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 days 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

2 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.