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Monday, June 20, 2011

Glencore stock ticker symbol

Glencore stock ticker symbol : Glencore International plc is a multinational mining and commodities trading company headquartered in Baar, Switzerland and with its registered office in Saint Helier, Jersey. It is the world's largest commodities trading company, with a 2010 global market share of 60 per cent in the internationally tradeable zinc market, 50 per cent in the internationally tradeable copper market, 9 per cent in the internationally tradeable grain market and 3 per cent in the internationally tradeable oil market

Glencore was founded by the US fugitive Marc Rich, who fled to Switzerland in 1983 after being indicted by federal prosecutors for tax evasion and trading with Iran. Rich was later pardoned by former US president Bill Clinton, on his final day in the White House, in a move that drew massive criticism at the time.

The company recently appointed as a non-executive director and 'environmental adviser' none other than Tony Hayward, who as former chief executive of BP presided over last year's massive oil spill and bungled clean-up in the Gulf of Mexico - the biggest oil spill in US history.

Glencore is a symbol of all that is wrong with capitalism and why working class people around the world need to join the fight for democratic socialism. Only through public ownership - placing the mining and energy industries under democratic workers' control and management - can these resources be planned in the interests of the majority, rather than being used as gigantic chips for the billionaires in the casino of global capitalism.

Glencore has production facilities around the world and supplies metals, minerals, crude oil, oil products, coal, natural gas and agricultural products to international customers in the automotive, power generation, steel production and food processing industries. The company was formed in 1974 by a management buy-out of Marc Rich & Co AG. Glencore stock ticker symbol GLEN.L Ticker

Glencore listed on the London Stock Exchange in May 2011 and is a constituent of the FTSE 100 Index. It has a secondary listing on the Hong Kong Stock Exchange.

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