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Chinese consortium acquires 15% of world’s largest niobium producer in Brazil

Tuesday, September 6th 2011 - 22:27 UTC
Full article 6 comments

A consortium of five Chinese companies has acquired a 15% stake in Brazil's Companhia Brasileira de Metalurgia e Mineracao (CBMM), the world's biggest niobium producer, for 1.95 billion dollars in cash. Read full article

Comments

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  • GeoffWard2

    Brasil commands 96% of a material essential for specialist steel manufacture!
    Sounds just like the Chinese Rare Earth monopoly all over again.

    No wonder the big foreign boys are buying chunks out of the company. The USA will be lining up for another 15%

    - following recent precidents, with (eg) 45% of Brasilian Niobium reserves in foreign hands the Brasilian Government will be swift to place the majority share in Government's own hands.

    “Honestly, it's the best thing to do.”

    Sep 06th, 2011 - 11:14 pm - Link - Report abuse 0
  • briton

    we have said it before,
    being clever to allow these countries to buy everything, may look good on paper, but thats your wealth going eastwards,
    south america wont be laughing when the very clever boys pull the plug.

    Sep 07th, 2011 - 10:59 am - Link - Report abuse 0
  • lsolde

    too true, have investment but control it & don't let foreigners get a stranglehold.

    Sep 08th, 2011 - 10:22 am - Link - Report abuse 0
  • xbarilox

    I said it you said it we said it before, China is buying everything.

    Sep 08th, 2011 - 09:35 pm - Link - Report abuse 0
  • briton

    now they claim the south china seas, remind you of anyone,
    perhaps some bright spark will claim the atlantic ocean,

    Sep 10th, 2011 - 07:29 pm - Link - Report abuse 0
  • GeoffWard2

    Briton,

    their claim - which will rapidly become de facto - is that the SCS is part of the Chinese Sphere of Influence, and not part of that of the USA.

    Their claim on the Spratleys, etc, is a powerfully disputed EEZ claim based on sub-marine exploitation potential.
    In the fulness of time, with enough aircraft carriers and missile cover, China will prevail and exercise its 'rights' to extraction.

    Raw power and proximity.

    Sep 11th, 2011 - 02:40 pm - Link - Report abuse 0

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