Latest Updates Around The World
Elliott Investment Management has reportedly taken a large stake in Barrick Mining (TSX:ABX,NYSE:B), the The Financial Times reports this on Tuesday (Nov. 18), increasing activist pressure on the gold producer, which is already facing escalating operational problems and a leadership shake-up. The moves come just weeks after the abrupt exit in September from former CEO […]
Gina Rinehart, owner and CEO of private Australian mining company Hancock Prospecting, has become the largest shareholder of rare earths company MP Materials (NYSE:MP). Rinehart’s stake in MP, which she owns through Hancock, now stands at 8.4 percent. According to BloombergHancock added 1 million shares to his MP position in the third quarter. After MP’s […]
China’s lithium market strengthened sharply on Monday (Nov 17) after Ganfeng Lithium (OTC Pink:GNENF,HKEX:1772) chairman Li Liangbin said at a domestic industry conference that demand for the key battery metal could grow by as much as 40 percent by 2026. The most traded lithium carbonate contract on the Guangzhou Futures Exchange rose 9 percent on […]
Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) said on Monday (November 17) it has signed an agreement joint development agreement with environmental technology company Calix (NYSE:CALX,ASX:CXL) to develop Calix’s Zero Emissions Steel Technology (Zesty) green iron demonstration plant in Western Australia. If approved, the plant will be built on a site in Kwinana, south of Perth, previously earmarked for […]
