Sumitomo Metal Corp Mining News

Homecoming costs tycoon $7B in year of legal drama

ArcelorMittal is finally nearing the end of a yearlong battle to break into India with the $5.9 billion acquisition of Essar Steel India Ltd.

S.Korea court approves seizure of some of Nippon Steel's assets

A request was made by plaintiffs in a wartime forced labour case to seize part of the local assets.

S.Koreans seek Nippon Steel asset seizure in 'forced labour' case

The application for the asset seizure, if approved by the court, could further strain South Korea's already frosty bilateral relations with Japan.

Japan's Sumitomo Metal sees global nickel deficit nearly halving in 2019

Global demand for nickel is seen increasing by 3.4 percent in 2019 from this year to 2.339 million tonnes.

Teck chooses Sumitomo to develop Chilean copper project in $1.2B deal

Sumitomo Metal Mining and Sumitomo Corp. will pay $800 million earn-in contribution and $400 million matching contribution for a third of Teck's 90% interest in Quebrada Blanca mine.

Nippon Steel braces for weaker prices amid fears over China slowdown

Natural disasters and glitches at their ageing facilities have prevented Nippon Steel from producing as much steel as they had planned.