Glencore
Coverage of Glencore in the Nexus archive.
- DR Congo plans stock exchange launch
DR Congo plans to launch its first stock exchange, listing securities in both the local currency and US dollars to attract investment in its mineral resources. The country, the world’s largest cobalt producer, aims to leverage its $24 trillion in mining sector value through partnerships with the US and UAE.
- South Africa agrees $2.3B power lifeline
South Africa approved a $2.3 billion five-year power tariff package for ferrochrome producers Glencore and Samancor Chrome, reducing electricity prices by over 50% to stabilize the smelting sector. The move aims to prevent industrial decline after Morocco overtook South Africa in African Development Bank industrial rankings, with Glencore canceling layoff notices to protect over 1,500 jobs.
- Glencore’s Traders Score Big Profits as War Rattles Energy Markets
Glencore’s traders have reported significant profits amid war-driven disruptions in energy markets. The article mentions freight train wagons being used for oil transportation, highlighting operational adjustments in the sector.
- Glencore and Mercuria Agree to Buy More LNG From Commonwealth
Glencore and Mercuria have agreed to purchase additional LNG from the Commonwealth. This business deal highlights their commitment to expanding energy trade. The agreement underscores the growing importance of LNG in global markets.