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Reads like a heat sink, should be aluminum for heat conductivity and used for small parts like diodes, small transistors etc.
Probably wouldn't be effective it the insulation is butted up against the terminal.
In any case, a crimping tool used correctly will do the job, wire strands aligned...
The only problem with soldering is the wicking of solder up the wire, which stiffens it and makes it less vibration proof...the wire may break under those conditions.
Using the correct crimping tool will do the job alone. The original equipment is crimped only.