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U.S. Steel Takeover Talk Rattles Manufacturers
Business

U.S. Steel Takeover Talk Rattles Manufacturers

A deal for the American steelmaker could leave fewer options for steel used in cars, food cans and other products. Source link

Esmark Bids for U.S. Steel, Setting Up Potential Battle for Steelmaker
Business

Esmark Bids for U.S. Steel, Setting Up Potential Battle for Steelmaker

U.S. Steel previously rejected a cash-and-stock offer from rival Cleveland-Cliffs; Esmark says it will pay $35 a share in cash. Source link

Diamonds Are on Sale. They Won't Be Forever.
Business

Diamonds Are on Sale. They Won't Be Forever.

A postpandemic glut has led to falling prices for some gems, but they are likely to bounce back. Source link

Vale Nears Deal to Sell 10% of Its Base Metals Business to Saudi Arabia
Business

Vale Nears Deal to Sell 10% of Its Base Metals Business to Saudi Arabia

The Brazilian miner is close to completing the deal with Saudi Arabia’s sovereign-wealth fund and a Saudi mining company. Source link

Mining Deploys Innovative Tech to Find Copper, Other EV Metals
Business

Mining Deploys Innovative Tech to Find Copper, Other EV Metals

Miners are turning to machine learning, cutting-edge chemistry and other innovative means to increase the supply of critical materials such as copper and graphite amid

European banks default-risk indicator jumps, AT1 bonds fall By Reuters
Finances

Mining gear maker Epiroc upbeat on outlook after profit jump By Reuters

By Marie Mannes STOCKHOLM (Reuters) -Swedish mining equipment maker Epiroc (ST:) expects to benefit from continuing high demand in the near term, it said on

Big Automakers Grab $1 Billion Deal for Urgently Needed Battery Metals
Business

Big Automakers Grab $1 Billion Deal for Urgently Needed Battery Metals

Volkswagen and Jeep maker Stellantis are each committing $100 million in a complicated transaction that will create a publicly traded mining company producing nickel and

Big Automakers Grab $1 Billion Deal for Urgently Needed Battery Metals
Finances

Big Automakers Grab $1 Billion Deal for Urgently Needed Battery Metals

Volkswagen and Jeep maker Stellantis are each committing $100 million in a complicated transaction that will create a publicly traded mining company producing nickel and

Foxconn Abandons India Chip Venture With Vedanta
Business

Foxconn Abandons India Chip Venture With Vedanta

The move is a setback to India’s nascent plans to become a semiconductor manufacturing hub. Source link

Intel ends its bitcoin mining chip series By Reuters
Stock Market

Intel ends its bitcoin mining chip series By Reuters

© Reuters. FILE PHOTO: A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado