Nippon Steel has a significant relationship with CBMM (Companhia Brasileira de Metalurgia e Mineração), a major producer of niobium in Brazil. This relationship was deepened through a substantial investment where a consortium of Japanese and Korean companies, including Nippon Steel, acquired a 15% stake in CBMM for $1.95 billion. This consortium consists of Japanese companies like JFE Steel, Sojitz Corporation, and JOGMEC, alongside Korean firms such as POSCO and the National Pension Service of Korea (e-mj) (jogmec.go).
The involvement of Nippon Steel and other Japanese firms in CBMM isn't just financial; it extends to management participation and strategic alliances. These relationships have evolved beyond mere supplier-buyer dynamics to collaborative ventures, particularly in developing and securing a steady supply of niobium. This metal is critical in producing high-grade steel, which is used in various advanced applications from automotive to aerospace engineering (japanmetaldaily).
15% for $2b in 2011
15% for WA1 right now is $170mil
they would be rubbing their eyes for how cheap that is for them
Nippon Steel has a significant relationship with CBMM (Companhia...
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