Noront Resources has recommended that its shareholders accept a Canadian $325 million ($258.72 million) offer from BHP, which is 75% higher than another take-over offer made in May for the future nickel sulfate producer.
Market observers said the bidding war underscored interest in electric vehicle battery components.BHP said in a statement that under a July 27 agreement with Noront, its subsidiary BHP Lonsdale Investments Pty Ltd "will make a...