Glencore (GLCNF.PK) reportedly has pulled out of talks discussing a possible offer for an Alcoa...

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

Glencore (GLCNF.PK) reportedly has pulled out of talks discussing a possible offer for an Alcoa (AA +1.7%) smelter in Sardinia after the Italian government rejected its request to provide discounted energy prices. Alcoa has decided to close the plant, blaming high power prices in Italy for undermining the competitiveness of the plant.