Commodities trader Glencore (GLCNF.PK) is expected to present a letter of intent for Alcoa's...

|About: Glencore Plc (GLCNF)|By:, SA News Editor

Commodities trader Glencore (GLCNF.PK) is expected to present a letter of intent for Alcoa's (AA) troubled Sardinian plant in the next 10-15 days, Reuters reports. A local official says the government has provided a guarantee, requested by Glencore, to keep the power price at 35 euros per megawatt hour over 15 years.