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The comprehensive media reported on February 9 that although the prices of the world's non-ferrous metals markets have been operating at high levels in 2006, the benefits of major international mining companies have increased substantially. However, in order to increase competitiveness and control resources, strategic mergers and acquisitions among these companies have continued to deepen. A new wave of mergers and acquisitions emerged.
It is understood that in October 2006, Rusal AG reached an agreement to acquire the alumina assets of Siberian Ural Aluminum and Swiss Glencore International. After the merger, the new company will have 4 million tons of electrolytic aluminum and 11 million tons of aluminum oxide production capacity, becoming the world's largest electrolytic aluminum manufacturer. In November, the United States Freeport-McMoran Copper and Gold Company planned to acquire Phelps-Dodge Company with US$25.9 billion in stocks. The board of directors of the two companies has approved the merger and acquisition agreement. The combined mine copper production of the new company will reach 1.6 million tons or more, making it the world’s second-largest mine producer of copper after Chile’s national copper company. In December, Umicore and Australian Metal Mining Company announced that the price of yttrium and zinc has soared. They announced the merger of the two companies' zinc smelting and alloy manufacturing to create the world's largest zinc production giant. The new company will have an annual output of 1.2 million tons of zinc smelting capacity and become the world's largest zinc producer.
Through strategic mergers and reorganizations, the world's copper, aluminum, zinc, nickel and other industries have formed new large-scale and stronger mining giants, which further controls global resources and market share, and changed the competitive landscape of the industry. It will have a profound impact on the future development of the industry.
World Minerals Form New Mining Giants
Through strategic mergers and reorganizations, the world's copper, aluminum, zinc, nickel and other industries have formed new large-scale and stronger mining giants, which further controls global resources and market share, and changed the competitive landscape of the industry. It will have a profound impact on the future development of the industry.