SMM News: July 4 news, a banking source said on Thursday that Rio Tinto's current sale of nearly $350 million worth of aluminum assets in Iceland, Sweden and the Netherlands has attracted interest from three companies, including Glencore and Trimet Aluminum.
Rio Tinto restarted sales of the aluminium asset in late 2018 with the help of Natixis, a French bank, after Norsk Hydro withdrew from its plan to acquire the aluminium asset because of delays in obtaining EU approval. Given that Norsk Hydro is already an important player in the aluminium industry, the EU has some concerns about the competitiveness of the industry, according to sources.
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