Glencore eyes October ASX listing

InvestorDaily

Mining giant Glencore has announced it plans to list its stock on the ASX, targeting admission in October 2026. In its half-year results, the major copper and coal producer said the plan had followed a review of opportunities to broaden its investor base and enhance trading liquidity.  The firm is currently listed on the London Stock Exchange and is the third-largest miner on the FTSE 100 behind BHP and Rio Tinto. Shares in Glencore have risen 100 per cent over the past year to 5 August versus returns of 18 per cent by the FTSE 100.   

Choosing the ASX, the company pointed to Australia’s long-term investment capital via superannuation and its strength in resources. “Australia is home to one of the world’s largest and fastest-growing pools of long-term investment capital, with A$4.4 trillion in pension assets expected to grow to approximately A$12.4 trillion by 2045. The market also offers access to a highly sophisticated investor base with deep expertise in the global resources sector,” Glencore wrote. 

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