The Elements of Innovation Discovered
The Elements of Innovation Discovered
Sorted by date Results 1 - 6 of 6
$220M deal creates U.S.-Europe rare earths supply chain rival to China. In a roughly $220 million deal that will reshape rare earth supply chains in the United States and Europe, USA Rare Earth has locked in an agreement to acquire Less Common Metals (LCM), the most established producer of rare earth metals and alloys outside of China. The acquisition adds a critical link to the supply chain that USA Rare Earths is building in the U.S., which is anchored by its Round Top rare... Full story
Resulting Anglo Teck group would be a globally significant producer of copper, zinc, and iron. In a landmark deal that reshapes the global mining landscape, Teck Resources Ltd. and Anglo American plc have agreed to a $53 billion merger-of-equals to form Anglo Teck, a new global critical minerals champion with copper at its core. "We are unlocking outstanding value both in the near and longer term – forming a global critical minerals champion with the focus, agility, c... Full story
The proposed $6.7 billion purchase indicates that the global mining giant foresees a lithium market rebound. On Oct. 9, Rio Tinto announced plans to acquire lithium producer Arcadium, boosting Arcadium's value and enhancing Rio Tinto's lithium market exposure, crucial for electric vehicle growth. What does this investment say about the future outlook for the lithium market? Rio Tinto CEO Jakob Stausholm has maintained an attitude of "cautious optimism" in interviews,...
BASF withdraws investment plans for Chile amid global slowdown of EV sales. A worldwide slowdown in electric vehicle sales has left lithium prices languishing at pre-2020 levels, quashing investments in bringing new supplies of the battery metal to market. The oversupply of lithium, in particular, is stifling new investment in the Lithium Triangle, a region of the Andes spanning parts of Argentina, Bolivia, and Chile. The triangle's lithium is concentrated in arid salt pans...
Megamerger would reshape global energy metals sector. The proposed merger between BHP Group Ltd. and Anglo American plc would create a $200 billion mining behemoth that would control 10% of the global production of copper, a metal that has experienced a 23% price spike since early February on supply concerns. "As part of its strategy to expand its copper assets, BHP intends to acquire Anglo American realizing the significant growth potential for copper in the future, as...
Proposed merger with GXII would provide Nasdaq listing, access to cash for Elk Creek. To fund the development of a mine at its Elk Creek project in Nebraska that produces niobium, rare earths, and other metals critical to American industry, NioCorp Developments Ltd. is merging with GX Acquisition Corp. II, a blank check corporation with nearly US$300 million in the bank and a Nasdaq stock exchange listing that will make access to additional capital possible. In fact, NioCorp... Full story
