LKAB applies for three strategic projects in the EU for mining and upgrading rare earth metals LKAB is now applying to make the iron ore mine in Gällivare, the planned industrial site in Luleå, where LKAB will separate phosphorus and rare earth metals, and the large deposit of rare earth metals in Kiruna strategic projects in line with the EU’s Critical Raw Material Act. The aim of the EU’s Critical Raw Material Act is to secure Europe’s supply of critical minerals via increased production within the EU as well as through diversified supply chains. Underlying this, among other factors, are…
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Top 3 Health Care Stocks That May Explode This MonthBenzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.The most oversold stocks in the health care sector present an opportunity to buy into undervalued companies.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI…
Toyota has recently revealed a breathtaking new-generation Supra, but unfortunately, it’s not destined for the general public. This V8 powered beast is exclusively designed for Australia’s Supercar Championship and will be driven by professional racers. While the official renderings and a clay model are all we have for now, the real world debut is just around the corner. The GR Supra racer is currently under development by Toyota’s local division in Australia. The highlight of this car is undoubtedly its powerful V8 engine, a naturally aspirated 5.0-liter unit that’s already proven its performance in other Toyota models like the RC-F,…
By Sabrina Valle (Reuters) -The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron (NYSE:)’s purchase of Hess (NYSE:) as soon as this week, two people familiar with the matter said, leaving Exxon Mobil (NYSE:)’s challenge to the $53 billion deal as its final hurdle. The proposed merger was first announced last October, and the FTC sent a second information request to Chevron two months later. Hess shares were up as much as 3% in after-hours trading on Monday following the news. Uncertainty over the deal’s closing has knocked Chevron shares down 1% this year compared to…
Nearly 60% of the world’s major listed companies have declared that they are aiming for carbon neutrality by 2050.This trend is particularly marked in Asia, where Japanese, Chinese and South Korean multinationals have seen their number of commitments increase in recent years.However, these announcements conceal a more complex reality: the majority of companies use offsetting mechanisms to compensate for their inability to effectively reduce their greenhouse gas emissions.The report by the Net Zero Tracker consortium reveals that only 5% of companies surveyed meet all the carbon neutrality criteria defined by independent bodies such as the UN.These criteria include precise emission…
By Jonathan Landay and David Brunnstrom WASHINGTON (Reuters) -Russia has generated more AI content to influence the U.S. presidential election than any other foreign power as part of its broader effort to boost Republican candidate Donald Trump over Democrat Kamala Harris, a U.S. intelligence official said on Monday. The official from the Office of the Director of National Intelligence (ODNI), speaking on condition of anonymity, made the comment in a briefing to reporters on the alleged use of AI by Russia and other countries to influence the Nov. 5 vote. AI content produced by Moscow is “consistent with Russia’s broader…
Mark Robinson, lieutenant governor of North Carolina and candidate for governor, speaks prior to Republican presidential nominee former President Donald Trump speaking at a campaign event at Harrah’s Cherokee Center in Asheville, North Carolina, on Aug. 14, 2024.Grant Baldwin | Getty ImagesThe political network largely funded by billionaire industrialist Charles Koch has been quietly backing North Carolina Lt. Gov. Mark Robinson despite a litany of controversies, according to records uncovered by CNBC.The Koch-backed Americans for Prosperity ran digital advertisements supporting Robinson as recently as this month. It’s also funded pro-Robinson door knocking, launched a website that encouraged voters to thank…
In 2022, as the Federal Reserve was rapidly raising its target interest rate to counter inflation, investors and economists described it as the end of an era. Decades of historically low interest rates juiced returns and materially altered investing.But a new period has begun. The biggest impact on investing during the coming decades won’t be how high or low rates are, it will be earth’s oceans, according to a new report by Investcorp. “The sweeping transformations wrought by warming and climate change will be the most important and profound investment shift of the next several decades, posing enormous opportunity for…
Value-investing legend Bill Nygren says the S&P 500 lacks the diversification it once had.He likes to invest in inexpensive companies with enough capital on hand to consistently buy back shares.Nygren mentioned Corebridge Financial as a top pick that checks all his boxes. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. The S&P 500 isn’t…
If Russia’s war on Ukraine shocked Europe into realising the folly of its dependence on Moscow for gas suppplies, growing geopolitical uncertainty has forced the EU to consider where it sources the raw materials, from copper to rare earth metals, needed for the energy transition. ADVERTISEMENTOn 5 April, European Commission executive vice-president Valdis Dombrovskis and Uzbekistan’s Minister of investment, industry and trade Laziz Kudratov launched a strategic partnership on critical raw materials. This was only the latest such deal, part of a concerted diplomatic and political effort by the von der Leyen commission to secure access to a range of…