Glencore pulls out of pursuit for Portovesme
Oct 01, 2012 | 02:08 PM
| Suzy Waite
Tags
Glencore,
Alcoa,
Klesch,
KiteGen Research,
Portovesme,
aluminum,
smelter,
London Metal Exchange
Suzy Waite
NEW YORK — Glencore International Plc has removed itself from the running for Alcoa Inc.’s Portovesme smelter in Italy, a source familiar with the negotiations told AMM.
The Swiss commodities trading house showed interest in Alcoa’s 150,000-tonne-per-year smelter on the Italian island of Sardinia in January (amm.com, Jan. 24), and officials met in August to discuss the viability of the operation (amm.com, Aug. 31).....
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