FTSE 100 mining giant Glencore, is refusing to comment on reports that Italy's industry ministry has confirmed Glencore's intention to evaluate the possible industrial and market prospects of an Alcoa Inc. plant in the country.
According to Reuters, Italy's industry ministry confirmed the company's intentions, saying the country is seeking new investors to fund an aluminium smelter in Sardinia which is currently heading for closure. If the smelter is taken over, it would limit the damage to the island's economy and prevent job cuts.
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