RIO DE JANEIRO—A group of Chinese steelmakers together with China's CITIC bank have purchased 15% of Brazil's Companhia Brasileira de Metalurgia e Mineracao, the world's biggest niobium producer, for $1.95 billion.
The Chinese consortium comprises Baosteel Group Corp., Shougang Corp., Anshan Iron & Steel Group Corp. and Taiyuan Iron & Steel Group Co., which currently buy niobium from CBMM, the Brazilian company said Friday. ...
RIO DE JANEIRO—A group of Chinese steelmakers together with China's CITIC bank have purchased 15% of Brazil's Companhia Brasileira de Metalurgia e Mineracao, the world's biggest niobium producer, for $1.95 billion.
The Chinese consortium comprises Baosteel Group Corp., Shougang Corp., Anshan Iron & Steel Group Corp. and Taiyuan Iron & Steel Group Co., which currently buy niobium from CBMM, the Brazilian company said Friday. ...
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