This morning in metals news, a Chinese firm is poised to take over the insolvent British Steel, Chinese iron ore futures were down Monday and speakers at a recent convention in Budapest weighed in on the stainless steel market. Jingye to Buy British Steel After talks with Turkey’s Ataer Holding fell apart, Chinese firm Jingye […]
Category: M&A Activity
This Morning in Metals: Rio Tinto Hails ‘Significant Milestone’ at Oyu Tolgoi
This morning in metals news, miner Rio Tinto has advanced work on its Oyu Tolgoi copper and gold mine project, the U.S. is reportedly considering rolling back some tariffs against China, and Novelis announced its quarterly financial results. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s […]
Automotive MMI: GM Strike Ends After 40 Days; PSA, Fiat Chrysler to Merge
The Automotive Monthly Metals Index (MMI) ticked up one point for an MMI reading of 86. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. U.S. Auto Sales As mentioned in previous reports, the top three automakers in the U.S. — General Motors, Ford and […]
This Morning in Metals: Antofagasta Lowers Copper Guidance
This morning in metals news, miner Antofagasta lowered its full-year copper guidance by 20,000 tons, a new favorite has emerged in the British Steel sweepstakes and the U.S. unemployment rate was unchanged in October. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Antofagasta […]
This Morning in Metals: UAW, Ford Reach Tentative Agreement on Labor Deal
This morning in metals news, the United Auto Workers (UAW) union has a tentative labor deal with Ford, the U.S. Office of Inspector General says the Section 232 tariff exclusion process needs more transparency and U.S. Steel officially completed the acquisition of a 49.9% ownership stake in Big River Steel. Keep up to date on […]
PSA Groupe, Fiat Chrysler to Merge as European Auto Sector Faces Challenges Ahead
The board of France’s PSA, owner of Peugeot, has given chief executive Carlos Tavares approval to launch a full-scale merger with Fiat Chrysler Automobiles, creating one of the world’s largest carmakers, the Financial Times reports. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. […]
British Steel Sale Back Out for Open Tender as Talks with Turkish Buyer End
The British government has ended negotiations with the Turkish company Ataer Holding regarding its bid to buy British Steel, the Steel Times reported. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Ataer owns almost 50% of Erdemir, Turkey’s biggest steel producer, and is also […]
PwC: Global Mining and Metal Deal Value Declines 46% in Q3
The value of mining and metal company deals in the third quarter slowed considerably, according to a recent report by PwC. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. According to PwC’s most recent quarterly deals insight report, omnipresent concerns over global economic […]
This Morning in Metals: Deal to Save British Steel in Doubt
This morning in metals news, a planned takeover of British Steel by a Turkish military pension fund is in doubt, Caterpillar reported down third-quarter earnings and Chinese iron ore futures made gains again. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. OYAK Bid […]
This Morning in Metals: U.S. Steel Announces Joint Venture Partnership with Big River Steel
This morning in metals news, U.S. Steel announced a new joint venture with Big River Steel, the E.U.-U.S. fight over aircraft subsidies continues and Chile’s copper output increased in August. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. U.S. Steel to Purchase 49.9% […]
