Glencore Plans Australian Secondary Listing to Support Copper Growth and M&A Strategy

Published: Aug 6, 2026 09:49

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Glencore plans to seek a secondary listing on the Australian Securities Exchange in October, aiming to access Australia’s large pool of mining-focused capital, support its copper growth strategy and strengthen its ability to pursue potential acquisitions. Chief executive Gary Nagle said Australia offers a deep base of investors with strong mining expertise, as well as a pension market worth approximately A$4.4 trillion. Glencore expects to qualify for inclusion in the ASX 200 within 12 months of listing and eventually aims to enter the ASX 100. Glencore reported adjusted first-half earnings of US$10.1 billion, up 86% year-on-year and the second-highest result in its history, supported by higher commodity prices and strong trading profits from volatile energy markets.

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