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Glencore opts to retain listing in London over move to US
The Guardian
|August 07, 2025
The mining company Glencore has decided to retain its stock market listing in London, rejecting calls for it to move to the US, in a boost for the London Stock Exchange.
The Swiss-headquartered company said shifting its listing away to a rival such as New York would not present value for its shareholders.
Glencore reported a net loss of $655m (£492m) in the first half of 2025, almost triple the $233m loss during the same period last year, amid lower coal prices, copper production problems and uncertainty caused by Donald Trump's stop-start tariffs. In response, the company launched a $1bn cost-cutting programme.
This story is from the August 07, 2025 edition of The Guardian.
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