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.
Mining giant Glencore plans to join the Australian Securities Exchange by October 2026 to broaden its investor base and address London market liquidity concerns.
Read the full storyMining giant Glencore considers an Australian listing as it seeks to address its perceived undervaluation on the London Stock Exchange.
Glencore secures an agreement to supply crude oil and manage refined product sales for the Wilhelmshaven refinery in Germany.