Rio Tinto in Early Talks with Vitol Group on Shipping and Logistics Joint Venture

According to Bloomberg, Rio Tinto is in early-stage negotiations with Vitol Group to establish a joint venture focused on shipping and logistics to reduce transportation costs. The talks, which come less than five months after Rio Tinto terminated its acquisition of Glencore, remain preliminary with the final scale and scope of the venture still unclear. The companies are exploring how Vitol could provide Rio Tinto with freight risk management tools, potentially including derivatives trading within its shipping and logistics operations.
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