According to reports, CHALCO supports Rio Tinto's acquisition of Glencore
According to sources cited by Bloomberg, China Aluminum Corporation, as one of the largest shareholders of Rio Tinto, is inclined to support Rio Tinto's acquisition plan for Glencore.
The report cites sources indicating that the final decision on whether the Chinese government supports the transaction will have a decisive influence, and China Aluminum has communicated its intention to support the deal with relevant government departments.
China Aluminum has held shares in Rio Tinto for nearly 20 years and currently owns approximately 14.55% of Rio Tinto's London-listed equity
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