Glencore's ASX Listing Set Amid Improving Performance, UBS Says

Glencore's upcoming Australian Securities Exchange debut on October 14 coincides with an observed improvement in its operational and financial performance, according to UBS. The bank noted that Glencore's earnings before interest, taxes, depreciation, and amortization (Ebitda) increased in fiscal year 2026, with copper's contribution to earnings growing and gradually reducing the company's reliance on thermal coal.