Business · Markets · 4 hrs ago
Glencore shares rise in Australian market debut as investors eye copper
Glencore shares began trading in Australia in the company’s first listing on the country’s stock market.
The shares opened above their previous London closing price and later traded higher, according to the reports.
The move gives the mining company access to a fresh pool of investors.
Glencore chief executive Gary Nagle said mining is appreciated and understood in Australia.
Investors are watching the company’s copper business.
The listing will test whether Australian investors put new money into Glencore.
Glencore shares made their debut on the Australian Securities Exchange.
The shares traded higher on their ASX debut, according to Reuters.
Investors were focused on copper, according to Reuters.
Glencore chief executive Gary Nagle said mining is appreciated and understood in Australia, according to the Financial Times.
- Who
- Glencore.
- What
- Its shares made their ASX debut and traded higher.
- When
- Not stated.
- Where
- The Australian Securities Exchange in Australia.
- Why
- Reuters said investors were focused on copper.
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- Company
- Glencore
- Market
- Australian Securities Exchange (ASX)
- Share movement
- Traded higher on debut
- Investor focus
- Copper