Glencore and Mercuria Eye Venalum Deal
Glencore and Mercuria are in separate talks with Venezuela regarding a deal for the state-owned Venalum aluminium smelter. The agreement could involve operating the facility and gaining access to its production capacity. Both firms explore potential partnerships amid ongoing supply tightness.
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GLENCORE PLC and Mercuria Energy are in talks to secure a deal for Venezuela's largest state-owned aluminium smelter. The discussions center on operating the Venalum facility and gaining direct access to its primary metal output. The potential transaction highlights renewed trader interest in Latin American heavy industry assets.
