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Glencore Begins Trading on Australian Securities Exchange
The dual listing aims to widen Glencore’s investor base and lift its valuation, with the miner seeking about $5 billion in new capital over the next year.
- On Wednesday, October 14, 2026, global mining giant Glencore Plc began trading on the Australian Securities Exchange under the ticker GLC, marking a significant expansion of its dual-listed footprint.
- The Switzerland-based miner pursued the listing to attract large institutional investors and bridge the valuation gap with local rivals BHP Group Ltd and Rio Tinto Ltd.
- Operating 16 mines in Australia, Glencore employs 16,820 people and generates 46% of its industrial earnings from copper, a key metal for electrification during its 30-year presence.
- Shares opened at A$11.44 on Wednesday, as Glencore CEO Gary Nagle said the listing improves access to a market with deeper resources-sector expertise than the London Stock Exchange.
- Analysts at Canaccord Genuity project the $88 billion company could achieve inclusion in the S&P/ASX 200 Index by March next year, as the firm targets increased copper exposure to meet infrastructure demand.
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themarketonline.com.auGlencore begins trading on Australian Securities Exchange
Image: piter2121/stock.adobe.comGlencore has begun trading on the Australian Securities Exchange (ASX) under the code GLC, a move described as an exciting day for the company. The listing marks a further step in Glencore’s long-standing presence in Australia, where the company has operated for 30 years across mining, processing, technology and energy businesses. “Glencore has been investing […] Australian Mining.
Glencore Set for Sydney Debut in Test of Mining Giant’s Allure
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Total News Sources18
Leaning Left0Leaning Right3Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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