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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Glencore has secured a contract with HES International to supply the Wilhelmshaven refinery in Germany and manage the sale of its refined fuels. Following this, the company announced plans for a secondary listing in Australia to address concerns over its current valuation on the London Stock Exchange. This move aims to broaden Glencore's investor base and enhance trading liquidity. The company believes its shares are currently undervalued in the UK market.