Wednesday, June 24, 2026
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The Chain Gazette · ResearchMaterialsFull writeup
$as of 10:31 PM ET

GLEN.LGlencore plc

Diversified mining and commodities trading company; world's largest cobalt producer (~30% global supply from DRC copper-cobalt operations); also produces copper, zinc, nickel, and thermal coal; London Stock Exchange listed.

Coiled

52w range compression, breakout-adjusted

Watched

0

7-day news volume + tape quietness

Sound

Margins, growth, FCF composite

Critical

100

Supply-chain concentration × demand

Pressure

60

Pricing Power

Filling fast

CHAIN-D scores pending — refresh after next quarterly run.

Financial metrics unavailable for this ticker.

Layer Presence.

Glencore's cobalt dominance makes it a critical chokepoint in EV and battery supply chains. Cobalt by-product from copper mining provides cost advantage. Glencore is repositioning toward battery metals as coal revenues decline. OTC ADR (GLNCY) provides US investor access. Risk: DRC political risk; cobalt demand sensitivity to EV penetration pace; ESG controversy over artisanal mining conditions.