Glencore explores secondary listing in Australia

Glencore is pursuing a secondary listing in Australia, marking another significant blow to London's struggling stock market. The mining and trading juggernaut, currently a major component of the FTSE 100 with a market cap of £64.4bn, has long contended that its shares are undervalued in the UK. This strategic move follows a broader trend of mining firms seeking opportunities outside the UK as London continues to lose its historical appeal for the sector.