Glencore joins ASX today as Canaccord flags 17% valuation upside

Global mining giant Glencore PLC (LSE:GLEN, ASX:GLC) is now trading on the Australian Securities Exchange (ASX), hitting the boards at 11am AEDT today.

The listing gives local investors access to one ...

Skip to navigation Skip to main content Skip to right column Yahoo Finance Sign in Australia markets closed Australia Australia US Markets Europe Markets Asia Markets Cryptocurrencies Rates Commodities Currencies Australia markets closed ALL ORDS 8,869.00 -52.50 -0.59% AUD/USD 0.7012 +0.0029 +0.42% ASX 200 8,727.90 -56.00 -0.64% OIL 95.73 +1.59 +1.69% GOLD 4,170.30 -7.00 -0.17% Bitcoin AUD 119,485.39 +802.21 +0.68% ADVERTISEMENT Glencore joins ASX today as Canaccord flags 17% valuation upside Proactive Tue 13 October 2026 at 6:07 pm GMT-7 4 min read GLEN.L +1.58% CF.TO -1.02% BHP.AX -0.69% RIO.L -0.31% ^AXJO -0.64% Glencore joins ASX today as Canaccord flags 17% valuation upside Proactive uses images sourced from Shutterstock Global mining giant Glencore PLC ( LSE:GLEN , ASX:GLC ) is now trading on the Australian Securities Exchange (ASX), hitting the boards at 11am AEDT today.

The listing gives local investors access to one of the world's largest diversified resources companies, with Canaccord Genuity ( TSX:CF , LSE:CF ) identifying potential valuation upside of 17%.

Based on Glencore's overnight closing price in London, its Australian-listed CHESS Depositary Interests (CDIs) are expected to have an equivalent value of approximately A$11.07 each.

The secondary listing brings a global mining heavyweight valued at more than A$100 billion to the Australian market, alongside BHP and Rio Tinto, with copper growth, strong coal cash flows and a substantial commodity trading business underpinning its investment appeal.

Canaccord expects Glencore to enter the S&P/ASX 200 Index as early as March 2027, with potential ASX 100 inclusion later in the year as Australian ownership and trading liquidity increase.