UK to sign critical minerals partnership with Saudi Arabia
Britain needs a secure, long-term supply of critical minerals, such as copper, lithium and nickel.
Turkish conglomerate Cengiz Holding said on Sunday it was ready to bid for British Steel if a sale to China’s Jingye Group fell through.
“British Steel is an important asset and we are watching developments closely and are ready to make a bid for the whole of British Steel,” Cengiz Holding CEO Omer Mafa said in a statement.
Jingye Group announced a provisional deal to buy British Steel in November, agreeing to pay around 50 million pounds ($66 million), sources said at the time. It said on Friday it was progressing with securing approvals for the deal.
(By Paul Sandle; Editing by John Stonestreet)
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