Metorex Says Vale Will Not Top Jinchuan Bid

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.

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