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NewsFlash / Nickel / Turkish Giant CoreX Holdings to Acquire $2 Billion in Global Nickel Ore Assets
Turkish Giant CoreX Holdings to Acquire $2 Billion in Global Nickel Ore Assets
iconApr 22, 2025 09:09
【Turkish Giant's $2 Billion Global Acquisition of Nickel Ore Assets】CoreX Holdings of Turkey plans to invest $2 billion to acquire nickel mines in Africa and Latin America, aiming to produce high-grade nickel products to differentiate from the NPI market dominated by China. Founder Yildirim believes the current low prices present a strategic opportunity, and nickel prices will rebound in the future. This move aligns with the Western strategy to reduce reliance on China, but a previous bid for Anglo American's Brazilian nickel assets was lost to China's Minmetals.
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