04
Jul
12:41
Vale reviews struggling New Caledonia nickel operation
Brazil’s Vale has said it is undergoing a wide-ranging review of its worst performing assets after new chief executive Fabio Schvartsman took his position in May. These include nickel operation Vale New Caledonia, Kallanish notes.
Although nickel prices had rallied earlier this year, prices have now fallen again. Continued supply from both Indonesia and the Philippines (see separate article) has been more than enough to meet demand, despite a growing Chine…
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Anonymous
Very good overview of the weekly steel market.
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