Brazil battles China for control of South African metals
Little noticed in recent news was the ongoing battle between the world’s largest iron ore miner, Vale SA of Brazil, and the Jinchuan Group, China’s biggest nickel producer. They were bidding for control of South Africa’s Metorex Ltd, a medium sized producer of high demand non-ferrous metals like copper, nickel and cobalt, a contest finally won by Jinchuan. One reason for this metals demand is their use in renewable energy systems which provide transmission, rechargeable batteries, and wind
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