Aluminum Corp. of China, one of the largest shareholders in Rio Tinto Group, is likely to support the mining giant’s potential acquisition of rival Glencore Plc, a combination that would give the Chinese company increased exposure to copper, the industry’s most coveted metal.
Aluminum Corp. of China, one of the largest shareholders in Rio Tinto Group, is likely to support the mining giant’s potential acquisition of rival Glencore Plc, a combination that would give the Chinese company increased exposure to copper, the industry’s most coveted metal.
Bundles of aluminum ingots stacked at a stockyard in Wuxi, China. Photographer: Qilai Shen/Bloomberg
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