Swiss resource giant Glencore has begun trading on the Australian Securities Exchange (ASX) under the code GLC, deepening its decades-long investment in the nation’s economy.
The stock opened in Sydney at AU$11.44 per share.
The new listing complements Glencore’s primary listing in London and secondary listing in Johannesburg, expanding the company’s global reach. The company unveiled its plan to list in Australia in August, aiming to chase the country’s deep investor base.
The debut strengthens Glencore’s 30-year operational footprint in Australia, where it currently employs 16,820 staff and contractors across 16 active mining operations and seven metals processing facilities.
The company is Australia’s largest producer of coal, cobalt, nickel, lead, and zinc, and operates a major fuel import business that bolsters national energy security.
“Glencore has been investing in Australia for decades and we know the Australian investment community has a sophisticated understanding of global resources and commodity markets,” said Glencore CEO Gary Nagle.
Nagle pointed out the firm’s substantial economic footprint, noting that Glencore has directly contributed AU$95 billion to the Australian economy over the past five years.
This includes over AU$24 billion paid in government taxes and royalties, alongside supporting more than 6,440 local businesses. In 2025 alone, the company injected AU$19.3 billion into local operations.
With a portfolio focused on brownfield copper growth projects, Glencore aims to position itself among the world’s leading copper producers, capitalising on surging global demand for materials essential to renewable energy, power grids, electric vehicles, and artificial intelligence infrastructure.
Traditional bulk operations, including steelmaking and energy coal, will continue to generate robust cash flows alongside its prominent marketing business.
Under the ASX listing, each Australian-listed CHESS Depositary Interest (CDI) represents a beneficial interest in one ordinary Glencore share.
The public listing is expected to further integrate Australian investors into Glencore’s global network, which spans over 30 countries and handles more than 60 essential commodities supporting modern urbanisation and the ongoing energy transition.
