Glencore Xstrata PLC and Vale SA are in “exploratory” talks to combine their Sudbury nickel operations, the Globe and Mail reported Oct. 11.
This information reportedly comes from “sources close to Glencore,” who say the talks have been prompted by declining nickel prices.
Vale bought out Inco Ltd. in 2006. Xstrata — which itself was bought out by Glencore earlier this year — purchased Falconbridge Ltd. the same year.
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