Steel News

We strive to let you one step ahead of the market.

Indonesian government approves acquisition between Persero & Vale Indonesia

9 Oct 2019 16:26 reported by Lemon

A A A
According to the news on October 7th, the Indonesian government had appointed PT Indonesia Asahan Aluminium (Persero), a state-owned miner, to buy a part of the stake from PT Vale Indonesia Tbk, Indonesia's largest nickel producer.

PT Vale Indonesia Tbk planned to sell 20% of the total stake to local investors to meet the new rules in Indonesia which restricted further foreign ownership of mineral resources.

Vale Indonesia expected to sale in October, and the government officials rejected to tell how much the share had been sold at the end, and both companies also didn’t show any common on this acquisition.

Back to Steel News

Related News

Canada starts AD investigation on certain heavy steel plates from 5 countries

  • Government policies
  • 28 May 2020 16:17

Turkey to impose re-balancing tariffs on steel products from EU

  • Government policies
  • 28 May 2020 16:04

European General Court rejects EUROFER's decision to review AD duty against Serbia

  • Government policies
  • 28 May 2020 15:41

Australia launches AD & CVD investigation on painted steel strapping from China & Vietnam

  • Government policies
  • 28 May 2020 14:19

Henan’s aluminum industrial pollutants emission standards implemented from Jun 1

  • Government policies
  • 28 May 2020 13:25

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 1,938.00
  • 1,937.50
  • Aluminum
  • 1,504.00
  • 1,527.50
  • Copper
  • 5,308.50
  • 5,342.50
  • Nickel
  • 12,144.00
  • 12,210.00

Learn more

Coil Exchange Center

  • 2B Coil-Jun
  • 2,220
  • 2,080
  • NO1 Coil-Jun
  • 2,190
  • 2,050
  • 2B Coil-Jun
  • 2,220
  • 2,080
  • NO1 Coil-Jun
  • 2,190
  • 2,050

Learn more