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    cobalt investing

    Metorex Says Vale Will Not Top Jinchuan Bid

    Investing News Network
    Jul. 11, 2011 03:46PM PST
    Battery Metals Investing

    Reuters Africa reported that Vale (NYSE:VALE) is not expected to beat Jinchuan Group’s bid for Metorex (JNB:MEMTX).

    Reuters Africa reported that Vale (NYSE:VALE) is not expected to beat Jinchuan Group’s bid for Metorex (JNB:MEMTX).

    The market news is quoted as saying:

    Metorex is seen as a prized asset for a number of reasons including exposure to copper and cobalt resources in Zambia and the Democratic Republic of Congo at a time when the outlook for both commodities is bullish.

    To read the full market news, click here.

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