China based and state owned Wuhan Iron and Steel has announced it with invest in Brazil’s steel mining firm MMX according to Reuters.
The amount of the Brazil investment is estimated at $400 million and will give Wuhan a 21.52 percent stake in MMX as the Chinese government continues to leverage state own entities to secure access to raw materials and commodities.
No Comments so far ↓
There are no comments yet...Kick things off by filling out the form below.