Glencore International Plc (GI) is a producer and marketer of commodities globally. Its activities span the entire value chain in metals & minerals, energy and agricultural products from production, sourcing, processing/refining to financing and supply. Earnings are driven by global growth and related commodity demand highlighted by industrialization and urbanization in Asia. Risks include counterparty risk, macro-economic concerns affecting global growth, geopolitical risk given areas of operations and ‘key man’ risk in its marketing division and credit rating given the large amount of liquidity required for business operations.