Glencore, the global commodities company, signaled it could join the wave of companies leaving London in search of higher valuations overseas. The FTSE 100 member, which is headquartered in Switzerland and has a secondary listing in Johannesburg,

Glencore Plc said it’s studying whether to move its primary listing away from London, potentially becoming the latest major miner to leave what has for decades been the industry’s global hub.

Swiss mining and commodity trading giant Glencore said Wednesday it was considering shifting its stock listing from London after it stumbled into a net loss last year on falling coal