In a major strategic move, Rio Tinto has agreed to acquire U.S.-based Arcadium Lithium for $6.7 billion, marking a significant step in transforming it into a global leader in the lithium market. The all-cash deal, offering a 90% premium to Arcadium’s share price, positions Rio Tinto as the world’s third-largest producer of lithium which is a critical component in electric vehicle (EV) batteries and energy storage solutions. Significantly, this acquisition, announced on October 9, underscores Rio Tinto’s commitment to the energy transition by expanding its footprint in low-carbon, high-demand raw materials. A MESSAGE FROM Li-FT POWER LTD. Lithium Deposits That…
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Image source: Getty Images Investing in the penny stock space already carries the risk of heightened volatility, and the waters may get even choppier come 30 October. That’s when Chancellor Rachel Reeves will unveil the government’s budget aimed at stabilising the UK’s public finances. It’s now feared that inheritance tax relief on AIM-listed companies will be scrapped. This may force financial advisers to recommend their clients sell AIM stocks. This is due to ‘consumer duty’ rules, designed to protect clients from potential losses that advisers could have foreseen. Many UK small caps, including the majority of penny stocks, are listed…
The latest inflation report came in slightly hotter than expected, knocking stock prices lower. But there are some encouraging signs within it. The consumer price index rose 0.2% in September on a month-over-month basis and 2.4% from the year-earlier period . Economists polled by Dow Jones had forecast a 0.1% gain month over month and 2.3% increase year over year. Core CPI, which strips out food and energy, also was more than expected. Some investors worried the report means the Federal Reserve may not be able to cut rates further. But the odds of a quarter-point Fed rate cut in…
Volkswagen has issued a recall for certain 2024 Atlas and Atlas Cross Sport models due to a potential brake system issue. The brake master cylinders in these vehicles may have been assembled with the wrong secondary piston spring retainer, which could lead to reduced braking performance. The faulty retainer may prevent the piston from returning to its proper position, blocking the brake fluid port. This issue was discovered by Volkswagen on August 28 during the brake fluid filling process at their Chattanooga plant. The recall affects vehicles produced between August 28 and September 12, 2024. Volkswagen has not yet provided…
United airplanes are seen at the Newark Liberty International Airport in Newark, Unitted States on July 16, 2024. Jakub Porzycki | Nurphoto | Getty ImagesUnited Airlines is plotting a 2025 international expansion that spans Senegal to Mongolia and Greenland to Palau, a bid to win over travelers who have already had their fill of the well-trodden streets of Paris, Rome and Tokyo.Starting May 21, United will fly three times a week between its Newark, New Jersey, hub to Palermo, Sicily; on May 16, it will launch nonstops four days a week to Faro in Portugal’s Algarve region; on June 7 it…
The Global Metal Recycling Market is poised for substantial growth, with an expected valuation of $111.31 billion by 2031, reflecting a CAGR of 7.1%… Source link
With the recent launch of the all new A5 and S5 models, Audi can now focus on bringing its high performance RS 5 to market. This upcoming range-topping variant of the premium compact car has been spotted testing multiple times and will be available as both a sedan and a wagon. The RS 5 Avant has been seen several times before, and Audi is also preparing a sedan version. The sedan was recently spied with camouflage, showcasing its sleek design and promising to be a competitive rival to the BMW M3 and Mercedes-AMG C 63. All upcoming RS 5 models…
22nd Century (NASDAQ:) Group, Inc. (NASDAQ:XXII), a company specializing in cigarette manufacturing, announced today it has entered into an agreement that alters the terms of a previous arrangement with investment entities JGB Partners, LP, JGB Capital, LP, and JGB Capital Offshore Ltd., collectively referred to as the “Holders.” The modification, effective today, involves a Letter Agreement to amend the Securities Purchase Agreement dated March 3, 2023, and associated debentures. This agreement allows the company, with board discretion and one-time authority, to reset the conversion price of the debentures to the average of the daily VWAPs (Volume Weighted Average Prices) for…
How much is gold per ounce? Gold was trading at $2,625.18 per troy ounce as of 9 a.m. ET. That’s a +0.24% change since yesterday. The precious metal is up 27.05% since Jan. 1, 2024. Over the last day, its highest trading price was $2,627.76, while its lowest was $2,604.18. USA TODAY Blueprint may earn a commission from this advertiser. Current gold prices The spot gold price is XAU/USD, representing its price in U.S. dollars. For this symbol, it’s gold (XAU) trading against the dollar (USD). Other markets, though, trade in different currencies. The best-known labels include XAU/EUR for trading…
Celsius Holdings (NASDAQ: CELH) stock is having a great day on Thursday, rising 11.5% through 10:05 a.m. ET on the back of a pair of positive Wall Street analyst notes.Piper Sandler released the results of a survey yesterday confirming Celsius’ continued popularity among teen energy drink consumers. Separately, Stifel reported this morning on a National Association of Convenience Stores tradeshow reporting positive sales trends in that market segment.A double dose of good news for CelsiusCNBC reported on the Piper news this morning, noting that among energy drink brands favored by teens, Celsius holds a 35% market share. That’s pretty astounding,…