Vale’s Sudbury nickel strategy turning more aggressive
Dec 17, 2009 | 11:54 AM
| Tom Jennemann
Relations between Vale SA and the United Steelworkers union in Sudbury, Ontario, which have been frosty for months, appear to have deteriorated further in recent days as the Brazilian miner has sharpened its rhetoric, market participants said.
"There certainly has been a change in Vale's strategy," one U.S.-based nickel trader said. "(For the first couple of months of the strike) Vale was content to sit back and let the union do most of the talking in the media because they knew the strike would last for many months. But now that winter is setting in, Vale sees the opportunity to test the union's resolve."
More than 3,000 production and maintenance workers at Vale Inco Ltd.'s nickel operation in Sudbury went on strike in June. So did USW members in Port Colborne, Ontario, and Voisey's Bay in Newfoundland.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.