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Venture completes $325M deal for chemical refinery

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PHOENIX (AP) — A joint venture group led by Freeport-McMoran has completed its $325 million acquisition of a cobalt chemical refinery in Finland and related business from specialty chemicals maker OM Group Inc. OM Group announced the deal in January, which it said marks its final step in exiting its legacy commodity businesses. The Cleveland-based company is shifting toward technology-based...

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