Glencore International plc Competition

Glencore International trades in the stuff of which stuff is made. The company is a commodities trader (metals and minerals, agricultural products, and energy) and a diversified natural resources conglomerate with interests in companies involved in mining, smelting, and refining. In the energy sector, it markets such products as coal, crude oil, jet fuel, and gasoline. Glencore's holdings include a 34% share in Xstrata, a 44% interest in Century Aluminum, three-quarters ownership of Australian nickel miner Minara Resources, and a 32% share in French base metals refiner Recylex. Glencore became public in an IPO of about 20% of its shares in 2011. In 2012 it made an offer for the remaining shares of Xstrata.