Yes, that is the deal from my source.
Baowu is the massive State owned steel manufacturer which expands by acquisition and is branching into
stainless steel production through Tsingshan as of part of their expansion aspirations.
How Nic shareholders view this will soon be know.
Our nickel supply is very valuable and if Baowu want 100% security of nickel supply we should have the same if we can tap into the same source.
I am sure Tsingshan have it all worked out.
NIC - General discussion, page-181
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