China cbmm

Chinese steelmakers invest $1.95 billion in Brazilian miner

A consortium of Chinese buyers shells out $1.95 billion for a 15% stake in a Brazilian niobium producer, as China's quest to secure supplies of key natural resources continues.

<div style="text-align: left;"> Crystals of ferroniobium seen in a scanning electron microscope </div>

Sameera Anand

September 05, 2011

A Chinese consortium has paid $1.95 billion for a 15% stake in a Brazilian niobium producer, just a few months after a similar investment by a consortium of Japanese and Korean strategic buyers.

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