Glencore makes Australian debut, eyes potential ASX 200 inclusion

What happened: Glencore (GLEN) began trading on the Australian Securities Exchange on Wednesday via a secondary listing that raises no new capital. Key numbers: Commodity trading profits seen topping $5B this year. Why it matters: CEO Gary Nagle expects interest from Australian investors familiar with mining. The listing could improve liquidity and potentially pave the way for S&P/ASX 200 inclusion.

Glencore (GLEN) began trading on the Australian Securities Exchange on Wednesday via a secondary listing that raises no new capital.

CEO Gary Nagle expects interest from Australian investors familiar with mining. The listing could improve liquidity and potentially pave the way for S&P/ASX 200 inclusion.