Nippon Steel’s Commitment To Steelworkers Union; Ivanhoe Electric’s Drilling Results; Iron Ore Prices Jump And More: Tuesday’s Top Mining Stories

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Benzinga

Top Stories for April 2, 2024: 1. Nippon Steel formalized its commitment to the United Steelworkers (USW) union to support its $14.1 billion bid to acquire United States Steel (NYSE:X). The commitment includes $1.4 billion in capital spending and a guarantee of no layoffs through at least 2026, outlined in a letter to Sen. Bob Casey (D-PA) and Sen. John Fetterman (D-PA), who have opposed the deal. Despite resistance from President Joe Biden and concerns about American ownership of U.S. Steel, Nippon Steel’s new president is determined to proceed with the acquisition, promising to revitalize th…

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