NON-FERROUS WEEK IN BRIEF: Vale targets base metals revamp; BASF, Nornickel strategic partnership; EU molybdenum prices rebound

Fastmarkets rounds up some of the key news and price moves across the global metals markets this week.

Base metals Vale, the world’s largest producer of iron ore and nickel, believes that its base metals division will be completely different by 2020, senior executives said on Thursday October 25 during a third-quarter earnings call. The continuing use of trade tariffs applied to global movements of steel and aluminium products is expected to open up opportunities for strategic investors in metals and mining, which are looking to consolidate and stay competitive, according to a report by global consultancy firm PwC. BASF and Nornickel have established a strategic partnership centered around battery...


Hassan Butt

October 26, 2018

17:00 GMT