Why does AustralianSuper believe a Glencore listing on the ASX would be positive?

AustralianSuper believes a Glencore listing on the ASX would be positive for both Glencore and the Australian stock exchange because 'the Australian share market is the best and most informed mining share market in the world,' which would allow Glencore's shares to better reflect the company's true worth; additionally, such a listing would offer more choice to investors like AustralianSuper, and the fund has already discussed the idea with Glencore.

What is AustralianSuper's stance on mining mergers and acquisitions, particularly regarding Glencore's potential deals?

AustralianSuper takes a cautious, long-term view on mining M&A: it is open-minded only if the deal demonstrably creates value, explicitly rejecting short-term share price boosts (e.g., '20% or 30%') in favor of assessing 'intrinsic worth in three to five years' time'; while acknowledging industry arguments for consolidation — such as Glencore CEO Gary Nagle's view that miners need to grow in size to gain relevance — AustralianSuper stresses that even a much larger mining company 'is still not going to be anywhere near the major tech companies' in scale or influence.

AustralianSuper says possible Glencore listing on ASX would be positive

May 26, 2026

AustralianSuper supports Glencore's potential ASX listing, citing better valuation and investor choice. However, the fund remains cautious about mining M&A, prioritizing long-term intrinsic value over short-term price gains.

reuters

2026-04-14

Glencore Takes Back Ownership of Logistics Firm Access World

2026-04-29

Glencore’s Traders Score Big Profits as War Rattles Energy Markets

2026-05-08

Colombia urges Glencore to discuss Cerrejon coal mine closure with local authorities

2026-05-26

AustralianSuper says possible Glencore listing on ASX would be positive

2026-07-14

Dutch Court Rejects Glencore Bid to Buy Back Logistics Unit at Discount