Glencore PLC divests and keeps distance from Russia
On March 30, 2022, Glencore PLC (Glencore) made an announcement that it was not committing to any more new business dealings made in Russia due to the ongoing war between Russia and Ukraine. The company cited that its current stakes in businesses located in Russia will be kept ongoing.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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