Overview
- Glencore has confirmed plans to pursue a secondary listing on the Australian Securities Exchange with a target to be admitted in October 2026.
- Chief executive Gary Nagle said the listing is intended to broaden the company’s investor base and address complaints of low liquidity and perceived undervaluation in London.
- Markets reacted positively with Glencore shares rising about 3.5 percent after the announcement and the ASX publicly welcoming the intent to list.
- Executives and analysts say an ASX presence could help Glencore tap large Australian institutional pools and may make future M&A or capital raising in the region easier.
- The move fits a broader pattern of major miners favouring Australian listings and adds to pressure on London’s role as a hub for resources-sector capital markets.