Markets News

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Rusal To Examine Norilsk's Proposed $12.8B Buy Of Norilsk Stake

Rusal To Examine Norilsk's Proposed $12.8B Buy Of Norilsk Stake

Feb 14, 2011 09:33

Source:SMM

MOSCOW, Feb 14 -- United Co. Rusal PLC (0486.HK) said Friday it will "examine and discuss" OAO Norilsk Nickel's (GMKN.RS) offer to purchase most of Rusal's stake in Norilsk.

Norilsk said earlier in the day it offered to buy 20% of Norilsk from Rusal for $12.8 billion, which would leave the aluminum giant with a 5% stake in the world's largest nickel producer.

A committee at Rusal's board will study Norilsk's offer, and the board will consider its recommendations, the company said.

Rusal declined Norilsk's offer to buy its full stake in the company for $14 billion at the end of December.

nickel

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Shanghai base metals all trended higher on Monday morning boosted by the unexpectedly low US employment data. Meanwhile, their counterparts on LME trended mixed.

Oct 11, 2021 09:59

SMM Comments

SMM Morning Comments (Oct 11): Base Metals Rose across the Board on Low Employment Data

SMM Evening Comments (Oct 8): Shanghai Nonferrous Metals Closed with Gains amid Mitigated US Debt Risks

Shanghai nonferrous metals closed all in the positive territory as the US debt risks have been contemporarily mitigated.

Oct 8, 2021 19:00

SMM Comments

SMM Evening Comments (Oct 8): Shanghai Nonferrous Metals Closed with Gains amid Mitigated US Debt Risks

SMM Morning Comments (Sep 15): Base Metals Fell across the Board against Peaking Inflation

Shanghai base metal basically trended lower on Wednesday morning against the lower-than-expected US CPI increase in August. Meanwhile, their counterparts on LME mostly cruised higher.

Sep 15, 2021 10:00

SMM Comments

SMM Morning Comments (Sep 15): Base Metals Fell across the Board against Peaking Inflation

Import Window Remained Open to Drive Continued Declines in Pure Nickel Inventory from Bonded Zones

According to SMM survey, import profits rose as the SHFE/LME nickel price ratio advanced this week. In addition, traders that had locked in the SHFE/LME price ratio last week moved goods into the domestic market for delivery.

Sep 10, 2021 17:01

Analysis

Import Window Remained Open to Drive Continued Declines in Pure Nickel Inventory from Bonded Zones

SMM Morning Comments (Sep 8): Most SHFE Base Metals Ended Lower as US Dollar Rebounded for Two Consecutive Days

Shanghai base metals mostly fell in the evening trading on Tuesday as the US dollar index rebounded for two consecutive days.

Sep 8, 2021 09:56

SMM Comments

SMM Morning Comments (Sep 8): Most SHFE Base Metals Ended Lower as US Dollar Rebounded for Two Consecutive Days

Philippine Nickel Output Surged 39% and Copper Output Plummeted 24% YoY

The latest data released by the Philippine Bureau of Mines and Geological Sciences show that in the first half of 2021, the Philippines produced a total of 151,646 mt of nickel, up 39% on the year, valued 21.42 billion pesos.

Sep 3, 2021 17:28

Analysis

Philippine Nickel Output Surged 39% and Copper Output Plummeted 24% YoY

Nickel Inventory in Bonded Zone Declined amid Wider Import Profits

Pure nickel inventory in the bonded zone declined over 1,400 mt this week, according to SMM data.

Sep 3, 2021 15:47

Analysis

Nickel Inventory in Bonded Zone Declined amid Wider Import Profits

Zinc, Copper and Nickel Mining by Chinese Companies Approved in Myanmar

Myanmar government has approved 18 companies from China, Australia, Thailand, Vietnam, South Korea, Russia, Japan and Singapore engaging in the mining of zinc, nickel and copper.

Jan 4, 2016 17:32

Industry

Chinese metal producers demand buyout of surplus metal

The Chinese aluminum and nickel producers have urged the state planner, the National Development and Reform Commission (NDRC), to buy surplus supply of the metals.

Nov 30, 2015 17:40

Industry

SHFE 1507 Nickel up 4.94% (Apr. 30, 2015)

The most active SHFE 1507 nickel opened Wednesday’s evening session at RMB 101,190/mt and then lurched up to RMB 103,530/mt.

Apr 30, 2015 17:47

SMM Comments

SMM Events & Webinars

All

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

Rusal To Examine Norilsk's Proposed $12.8B Buy Of Norilsk Stake

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit