Glencore has cited trade barriers as the biggest risk to its business, followed by climate, politics and legal issues, according to its latest 2018 report. The Swiss-based trading and mining company said it would counteract this risk with cautious spending and stringent compliance. Glencore warned trade barriers could lead to a fall in demand for its commodities or limit its supplies while falling copper, coal or zinc prices would impact its financial performance. Glencore mines copper and cobalt for electric vehicles in Congo and is awaiting a stable government to form before attempting to secure better mining terms.
Glencore has cited trade barriers as the biggest risk to its business, followed by climate, politics and legal issues, according to its latest annual report. The Swiss-based trading and mining company said it would counteract this risk with cautious spending and stringent compliance. Glencore warned trade barriers could lead to a fall in demand for its commodities or limit its supplies while falling copper, coal or zinc prices would impact its financial performance. Glencore mines copper and cobalt for electric vehicles in Congo and is awaiting a stable government to form before attempting to secure better mining terms.