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Glencore begins ASX trading under GLC October 14, 2026

By Drooid · Sep 25, 2026, 2:32 PM UTC · How we work

Summary

Glencore Begins ASX Listing

Glencore plc will begin trading on the Australian Securities Exchange as GLC on October 14, 2026.
Glencore met ASX Foreign Exempt Listing requirements, enabling CDIs that each equal one ordinary share.
The listing will not issue new shares and involves no capital raising.
CEO Gary Nagle said investors showed strong interest after Glencore’s failed merger talks with Rio Tinto.
Glencore shares closed at 560.10 pence on September 24, 2026, up 1.4% and outperforming the FTSE 100.

Summary

Glencore Funds VaultCo

Glencore pledged $500 million to VaultCo, the EXIM-backed partnership securing U.S. critical-minerals stockpiles.
EXIM Bank approved a $10 billion direct loan for Project Vault, complementing roughly $2 billion in private capital.
Glencore will ship cobalt from its DRC mines directly to the United States, bypassing Chinese refiners.
VaultCo will store raw materials at multiple U.S. sites, giving manufacturers a buffer during supply shocks.

History

Historical Context

The 2010 DOE Critical Materials Strategy earmarked $1 billion for research and the 2015 Defense Production Act added $2 billion to curb China-sourced rare earths. After the 2025 national-security priority declaration and the addition of ten new minerals to the critical list, Glencore’s 2026 ASX listing and $500 million pledge to EXIM-backed VaultCo mirror the U.S. drive for diversified, non-Chinese cobalt supply.

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Glencore Begins ASX Listing

Glencore plc will begin trading on the Australian Securities Exchange as GLC on October 14, 2026.
Glencore met ASX Foreign Exempt Listing requirements, enabling CDIs that each equal one ordinary share.
The listing will not issue new shares and involves no capital raising.
CEO Gary Nagle said investors showed strong interest after Glencore’s failed merger talks with Rio Tinto.
Glencore shares closed at 560.10 pence on September 24, 2026, up 1.4% and outperforming the FTSE 100.

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