We may retain nostalgia for the small neighborhood stores that once dominated the American business landscape, but it's hard to argue with the convenience of our megastores and supermarkets.
Cliffs Natural Resources
At play is a significant discovery of chromite, which is used to make a ferrochrome alloy that imparts increased hardness to steel while improving resistance to chemical corrosion. Specifically, at its 100% owned McFaulds property in Ontario, Freewest has uncovered "exceptional widths of high-quality chromite believed to be of world-class caliber." Having unearthed some promising chromite discoveries of its own in the same area, Noront Resources sought to consolidate the scale of its chromite-rich acreage in the McFaulds Lake area to fashion itself into a one-stop chromite shop.
The deal fits well with Cliffs' strategy to "achieve scale in the mining industry" as a steel supply specialist. Just as ExxonMobil
Just as Warren Buffett made his bold move for railroad Burlington Northern Santa Fe
Do you have a real feel for steel? Clear improvement from the worst levels to date is a welcome sight, but this Fool cautions against premature celebration. To keep track of the complex factors affecting domestic industries, join the free Motley Fool CAPS community and ask 145,000-plus fellow investors what their research suggests.
Fool contributor Christopher Barker is the Nat King of Coal and the wild boar of iron ore. He can be found blogging actively and acting Foolishly in the Motley Fool CAPS community under the user name TMFSinchiruna. He tweets. He owns no shares of any companies mentioned. The Motley Fool has a stainless disclosure policy.