Nickel Downturn Prompts South32 Divestment, Veteran Investor Eyes Contrarian Opportunity

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Nickel Downturn Prompts South32 Divestment, Veteran Investor Eyes Contrarian Opportunity

benzinga.com/markets/commodities/25/07/46271096/nickel-downturn-prompts-south32-divestment-veteran-investor-eyes-contrarian-opportunity

Australian miner South32 (NYSE:SOUHY) has agreed to sell its Cerro Matoso ferronickel mine in northern Colombia to an industrial conglomerate, CoreX Holding, in a deal valued at up to $100 million.
The agreement includes a nominal upfront payment, with additional payments tied to future…

This story appeared on benzinga.com, 2025-07-07 11:25:51.