Australian media reported that global commodities giant Glencore is transferring over $30 billion Australian dollars worth of assets to Australia in preparation for a potential merger with other commodities giants.

The Australian Financial Review website published an article on the evening of the 29th, stating that global commodity giant Glencore has transferred over 30 billion Australian dollars worth of overseas assets to an Australian subsidiary through a large-scale restructuring, in preparation for future mergers with other commodity giants.