06
Oct
09:44
Vale confirms potential base metals unit divestment
Brazilian Vale is reportedly negotiating the sale of a $2.5 billion minority stake in its Base Metals unit, Kallanish understands. The deal is part of the company’s efforts to boost copper and nickel production and meet the increasing demand of the global energy transition.
According to local media outlet Valor, companies related to the automotive industry, Japanese traders, and sovereign wealth funds in the Middle East are evaluating the assets, with the fi…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous