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Metals
ArcelorMittal acquires London Mining Brasil for $810 million
Luxembourg-based steel major ArcelorMittal is acquiring London Mining Brasil from Oslo-listed London Mining for $810 million, the company said Wednesday. London Mining Brasil is an iron ore producer...More...
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Aluminum hits all-time record highs despite weak demand
Aluminum may have been responding to two different events in the week ending July 11 when it hit a succession of all-time price Global Aluminum markethighs , but the market remains divided over the medium-term direction, given that world fundamentals point to weak demand and rising stock levels.
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Steel Markets DailyNovolipetsk buys John Maneely in $3.5 billion deal
Russia's Novolipetsk Steel has signed a definitive agreement valued at $3.53 billion to acquire US steel pipe and tube manufacturer John Maneely Company from a shareholder group led by private equity firm Carlyle Group and the Zekelman family. Read more...
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