US Steel soars after it rejects $7.25 billion Cliffs bid
Cliffs said it submitted the proposal privately on July 28 and received a rejection letter on Sunday that called the offer “unreasonable.”
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Deep sea miner The Metals Company stock surges on $27 million capital raise
According to TMC, this registered direct offering is on significantly above-market standard terms, and is led by its largest shareholder.
Iron ore price falls on worries of steel output cut in China
Lackluster Chinese demand and property market deterioration also added pressure.
Sigma Lithium on track to produce 270,000 tonnes Li2O by end of Q3
The Greentech plant has also made significant progress towards reaching its designed recovery rates.
Yellen warns of risks of over-concentration of clean energy supply chains
China holds at least 60% of the world’s manufacturing capacity for most mass-manufactured technologies.
The four biggest hurdles in America’s EV transition
Since the Inflation Reduction Act was signed into law one year ago this week, there’s been $59 billion in new EV investments announced in the US.
Codelco turns to new CEO as debt piles up at top copper producer
Codelco will name its third CEO in a year in the coming weeks as the company struggles to turn around a slump in output and earnings.
Alrosa reports strong diamond sales despite sanctions
The company reported a first-half net profit of $551 million.
At least 36 feared dead after landslide at Myanmar jade mine
The accident happened Sunday in the remote town of Hpakant, the centre of Myanmar's secretive jade industry.
