Glencore sees electrification trend driving strong uptake for Australia listing

By Melanie Burton MELBOURNE, Oct 9 (Reuters) Glencore expects strong demand from investors seeking exposure to trend toward electrification when it lists in Australia next week, CEO Gary Nagle said on Friday, adding that a deeper local presence may yield business opportunities ​although it has no set buyout list. The London-listed miner and trader has seen very ‌strong interest from potential investors as well as existing ones limited by overseas mandate restrictions, Nagle told reporters ahead of its October 14 secondary listing on the Australian Securities Exchange. Nagle has said he believes the $88 billion company can achieve inclusion in Australia s benchmark S P/ASX 200 index within 12 months, but analysts see momentum behind the stock ‌potentially ​propelling it into the top indexes in half that time. Glencore s ⁠exposure to copper, a key material ⁠in the shift to electrification, makes it particularly attractive to investors. Analysts estimate that copper could account for