Australia’s stock exchange is attracting a record number of secondary listings from Canadian mining firms in 2025, driven by strong investor demand, regulatory stability, and access to Australia’s vast pension capital. The Australian Securities Exchange (ASX) is rapidly becoming the top global destination for metals and mining stocks, surpassing traditional hubs like Toronto and London.
Amid geopolitical tensions and reduced confidence in U.S. markets, Australia’s economic stability and strong domestic investor base are proving irresistible. The country's pension funds, valued at A$4.1 trillion, allocate around 23% to Australian stocks—far outpacing Canada and the UK, each at 4%, according to JP Morgan. This deep capital pool is fueling a wave of foreign mining companies looking to fund large-scale developments.
Following a successful ASX debut by Canada’s Capstone Copper, several others—like Marimaca Copper—are lining up to join the bourse, aiming to secure financing for critical mineral projects. Industry insiders expect at least four secondary listings in 2025, matching the 2021 record.
Mining-focused portfolio managers in Australia are hungry for new opportunities, especially after recent M&A deals like BHP’s Oz Minerals acquisition narrowed the field of available stocks. ASX officials confirm record engagement from Canadian firms, citing geopolitical volatility and a desire to diversify shareholder bases.
The ASX’s rise in mining prominence also influenced BHP’s decision to abandon its London listing in 2022, injecting nearly A$100 billion into the Australian market. Now, others like Rio Tinto and Ivanhoe Atlantic may follow suit.
While Canada’s TSX remains competitive, Australia’s stable regulatory landscape and investor appetite make it an increasingly preferred listing venue for global mining firms seeking growth and exposure.