Vale SA (NYSE: VALE) says it is looking at ways to tie up its nickel operations in Canada's Sudbury basin with those of nearby producers such as Glencore Xstrata, likely taking the form of an "unincorporated" joint venture in the mining, milling and smelting segments of nickel production.
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Vale says it has sought synergies in the Sudbury basin constantly since 2006 but stagnant nickel prices appear to have given new impetus to the effort; Barclays estimates nickel prices will average $15,173/ton this year, down from $22,853 in 2011.
After dropping 58% on Monday and Tuesday in the absence of any major news, OCZ Technology Group Inc.(NASDAQ: OCZ) has rallied 69% over the last two days. Altogether, shares remain down 29% from their Friday close, and 42% from where they traded before OCZ's Oct. 15 FQ2 report, within which the SSD vendor disclosed it ended its August quarter with only $10.6M in cash.
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This morning, OCZ unveiled its Vector 150 PC SSD line. The company asserts its use of 19nm NAND flash chips and its home-grown Barefoot 3 controller IC yields superior performance relative to prior-gen drives; reviews are generally positive. However, OCZ has carried out similar product lau
|SOURCE FN Media Group, LLC|
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