Glencore is a private company in Switzerland.  The company is valued at $60 billion.  What do they do?  Buy and sell commodities.

Glencore is the world’s biggest commodities trader, buying and selling much of the world’s wheat, corn, rice, sugar and edible oils. They also buy and sell minerals; metals, oil, coal.  In fact they control 3% of the world’s daily oil supply.

Because Glencore is a privately held company, no one has heard of them.  Why are they in the news now?  Glencore wants to become even more powerful, so they are going public, offering public stocks in their company for the first time.  For those of you who think ,”If you can’t beat ’em, join ’em.”, the public stocks offering will take place at the end of May, in the London and Hong Kong stock markets.

Glencore has on it’s board some controversial people, including people with their hands in the pockets of U.S. politicians, so do your research.