INVITE—U.S. Government Stakes in Practice: Glencore

Research evidence excerpt

INVITE—U.S. Government Stakes in Practice: Glencore

Global | Washington Strategy June 26, 2026

INVITE—U.S. Government Stakes in Practice:

Glencore

In Feb 2026, Glencore and Orion Critical Mineral Consortium announced an MoU

for Orion to acquire a 40% stake in Glencore’s interests in Mutanda and KCC,

implying a combined enterprise value of ~$9bn. On this call, we will host Chris

LaFemina, Global Head of Metals & Mining at Jefferies, to discuss how these

investments are playing out in practice. Join us on Mon, July 6 @ 11AM ET.

REGISTER

Date & Registration

Monday, July 6, at 11:00 AM ET

https://jefferies-sustainability-transition-strategy.open-exchange.net/

Jefferies Hosts

Aniket Shah, Global Head of Washington, Sustainability & Transition Strategy•

Jefferies Speaker

Chris LaFemina is Global Head of Metals & Mining Research at Jefferies. Prior to joining Jefferies in

2011, Chris worked as a Mining Analyst for 10+ years at Lehman Brothers and Barclays Capital. He

has had lead coverage of the European Mining sector since 2005 and the North American Metals

& Mining sector since 2015. Chris is in the Extel survey as the top-rated Metals & Mining analyst in

North America and one of the top 3 analysts in Europe. Chris has a B.S. in Chemical Engineering

from Syracuse University and an MBA with Honors in Finance from The Wharton School at the

University of Pennsylvania. Aniket Shah, PhD * | Head of Sust. &

Transition Strategy

+1 (212) 323-3976 | ashah14@jefferies.com

Related Calls Christopher LaFemina, CFA * | Equity Analyst

Tue, July 2, at 11:00 AM ET: U.S. Government Stakes in Practice: D-Wave & Rigetti Computing +1 (212) 336-7304 | clafemina@jefferies.com•

Tue, July 7, at 10:00 AM ET: U.S. Government Stakes in Practice: Nippon Steel Yujin Kim * | Sust. & Transition Strategy•