Australian pension fund AustralianSuper backs a potential secondary listing by Glencore on the Australian Securities Exchange (ASX).
A fund portfolio manager stated the listing would benefit both entities. The move would help Glencore's shares reflect their intrinsic value.
AustralianSuper views the Australian market as the most informed globally for mining stocks. The fund has discussed the listing directly with Glencore.
In March 2026, Glencore's CEO confirmed openness to an ASX listing. The company seeks to broaden its investor base. This followed the collapse of merger talks with Rio Tinto.
The listing would expand choices for domestic investors. Currently, BHP and Rio Tinto are the only large, diversified mining options on the ASX.
Glencore has not made a final decision. Support from AustralianSuper adds weight to the possibility.