Trafigura has already increased its foothold in nickel with an exclusive offtake agreement with Finland's Terrafame, that also produces zinc and cobalt.
Mining companies saw its shares plummet along with metal prices on Wednesday as China announced additional tariffs on US products, a move experts say is likely to heighten global concerns of a tit-for-tat trade war between the world's biggest economies.
Healthy demand for molybdenum rich stainless steel, especially from the oil and gas industry, plus sluggish supply growth are expected to keep the price of this minor metal riding high.
Ruling rejects the Greek State's motion that Eldorado's technical study for a metallurgy plant in the country’s Stratoni Valley, was in breach of any agreements between the parts.
South African engineering and construction group, currently subject of a takeover bid from Germany’s ATON, said projects were located in sub-Saharan Africa, North America and Australasia.
