Glencore (LSE:GLEN) Construction In Progress : £0 Mil (As of Jun. 2024)

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What is Glencore Construction In Progress?

Glencore Construction In Progress Historical Data

The historical data trend for Glencore's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Glencore Construction In Progress Chart

Glencore Annual Data

Trend

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Construction In Progress

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Glencore Semi-Annual Data
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Construction In Progress	Get a 7-Day Free Trial															-	-	-	-	-

Glencore Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Glencore Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Glencore PLC (LSE:GLEN) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

GLN:South Africa GLNCY:USA GLCNF:USA 0IVW:UK GLENl:UK 8GC:Germany

Address

Baarermattstrasse 3, Baar, CHE, CH-6340

Website

https://www.glencore.com

Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, energy products, and agricultural goods. The firm's marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners, Glencore plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. It also expanded its coking coal exposure via the purchase of 77% of Teck's metallurgical coal business in July 2024.

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