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Nippon Steel buys 30% stake of Canada’s Kami iron ore project

Investing.com•Tuesday, September 30, 2025 at 10:42:28 AM
PositiveFinancial Markets
Nippon Steel buys 30% stake of Canada’s Kami iron ore project
Nippon Steel has made a significant move by acquiring a 30% stake in Canada's Kami iron ore project. This investment not only strengthens Nippon Steel's position in the global market but also highlights the growing importance of iron ore in the steel production industry. With this partnership, Nippon Steel aims to secure a reliable supply of high-quality iron ore, which is crucial for meeting the increasing demand for steel in various sectors. This deal is a strategic step that could enhance both companies' growth prospects.
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