Sumitomo Metal Mining Explores Stake in Coral Bay Nickel Sumitomo Metal Mining Co. is negotiating to acquire a stake in Coral Bay Nickel Corp. from Nickel Asia, enhancing its nickel production capabilities.
Nickel Asia to Sell Stake in Coral Bay to Sumitomo Nickel Asia Corp. is in talks to sell its 15.625% stake in Coral Bay Nickel Corp. to Sumitomo Metal Mining Co., highlighting strategic shifts in the nickel industry.