Glencores Glasenberg Begins Pursuit of Rio Tinto

The transcript discusses Ivan Glasenberg's interest in acquiring Rio Tinto to expand Glencore's portfolio, particularly in iron ore. Despite no current talks, Glencore is strategizing for a future bid, involving Chinalco, Rio's largest shareholder. The potential merger faces significant regulatory challenges, including scrutiny from the Chinese Government. The discussion also highlights the economic pressures on companies like Rio Tinto and Glencore due to fluctuating iron ore prices and market conditions.

What is the significance of Chinalco in the context of Glencore's interest in Rio Tinto?

What steps has Rio Tinto taken in response to investor skepticism about its prospects?