Sual Partners, controlled by Viktor Vekselberg and his partners, is seeking to prevent the proposed buyback of UC Rusal shares. According to Vedomosti, UC Rusal is pursuing the buyback to capitalize on its share of the asset in the absence of dividend payments. UC Rusal’s main shareholder, En+, founded by Oleg Deripaska, holds a 56.9%...
READ MOREStatistics from the Mercantile Exchange of Vietnam (MXV) indicate a significant increase in trading activity last quarter, with precious metals emerging as the most actively traded asset in Vietnam, accounting for 21.5% of the trading volume on MXV. Other metals, such as copper and silver, also showed notable trading activity, ranking seventh and ninth with...
READ MORERussian aluminium giant Rusal is considering a share buyback valued at approximately 15 billion rubles ($156 million), following a review by the company’s board of directors. The board has begun a preliminary assessment of the potential buyback, noting that it could be favorable for shareholders overall. However, no final decision has been made, and the...
READ MOREFrench energy company TotalEnergies is exploring the possibility of expanding into copper trading, according to a report by the Financial Times. This potential move would align with the growing demand for metals essential to the global energy transition, as copper plays a crucial role in renewable energy and electrification technologies. Rahim Azouni, senior vice president...
READ MOREAsset manager Coronation has changed its position on platinum group metals (PGMs), acquiring a 5.07% stake in Northam Platinum, just a year after labeling the sector a “value trap” due to declining prices and demand. Northam informed the market of the acquisition on Thursday, marking a significant shift for Coronation, which had previously recommended disinvesting...
READ MOREKorea Zinc, the world’s largest refined zinc producer, is embroiled in a contentious takeover battle between its founding families. The outcome could significantly impact South Korea’s role in the U.S.-led efforts to reduce reliance on China for essential metals and materials used in key industries such as construction and automotive manufacturing. The battle involves competing...
READ MOREThe Public Investment Corporation (PIC), Africa’s largest asset manager, has increased its stake in Sibanye-Stillwater, now holding over 15% of the diversified mining company. This move signals confidence in Sibanye-Stillwater’s long-term growth, particularly in light of its promising lithium project in Finland, which has recently received financial backing through a R10 billion green loan package....
READ MOREBoston-based Pure Lithium Corporation, a vertically integrated lithium metal battery technology company, has announced the acquisition of Dimien, a private U.S. company specializing in vanadium cathode materials. The acquisition includes all of Dimien’s intellectual property, manufacturing equipment, and its experienced team. This move is expected to expedite the development of Pure Lithium’s lithium metal vanadium...
READ MOREThe U.S. Department of Commerce has finalized its decision in an anti-dumping investigation regarding aluminium extruded profiles and related products imported from 14 countries. These countries include China, Colombia, Ecuador, India, Indonesia, Italy, Malaysia, Mexico, South Korea, Thailand, Taiwan, Turkey, the UAE, and Vietnam. The investigation has resulted in anti-dumping duties ranging from 2.02% to...
READ MOREAnglo American is undergoing significant restructuring to concentrate on copper, a key material for the energy transition, after rejecting a $49 billion takeover offer from BHP Group earlier this year. The company will unbundle its diamond, platinum, nickel, and coal assets, including De Beers, Brazilian nickel mines, and Australian coal operations, to streamline its portfolio....
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