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basic-materials: Archive

Zacks Equity Research

Rio Tinto (RIO) Reports a 2% Decline in Q2 Iron Ore Production

Rio Tinto (RIO) reports 80.3 Mt of iron ore shipments and production of 79.5 Mt in Q2. Both are lower than expectations due to a train derailment in mid-May.

KGCNegative Net Change RIONegative Net Change CRSPositive Net Change EGONegative Net Change

Zacks Equity Research

Cleveland-Cliffs (CLF) to Buy Stelco Holdings in a $2.5B Deal

Cleveland-Cliffs (CLF) agrees to acquire Stelco Holdings Inc. The buyout will expand its integrated steel production capabilities in North America.

CLFNegative Net Change KGCNegative Net Change CRSPositive Net Change EGONegative Net Change

Zacks Equity Research

Reliance (RS) Buys FerrouSouth Assets, Ups Tolling Operations

Reliance (RS) is acquiring FerrouSouth's assets to enhance its toll processing capabilities and expand Feralloy's operations in the Southeastern U.S.

RSNegative Net Change KGCNegative Net Change CRSPositive Net Change EGONegative Net Change

Zacks Equity Research

Do Options Traders Know Something About Vale (VALE) Stock We Don't?

Investors need to pay close attention to Vale (VALE) stock based on the movements in the options market lately.

VALENegative Net Change

Zacks Equity Research

PPG Industries (PPG) to Post Q2 Earnings: What's in the Cards?

While PPG is expected to have benefited from acquisitions, pricing actions and restructuring cost savings, its Q2 performance is likely to have been impacted by weak demand, especially in Europe.

ATINegative Net Change PPGNegative Net Change KGCNegative Net Change AEMNegative Net Change

Zacks Equity Research

Suzano (SUZ) to Buy 2 Mills From Pactiv Evergreen for $110M

Suzano (SUZ) signs an agreement with Pactiv Evergreen to acquire two of its US industrial facilities.

ECLPositive Net Change ATINegative Net Change ERONegative Net Change SUZNegative Net Change

Zacks Equity Research

Teck Resources (TECK) Exits Coal to Focus on Copper, Stock Up

Teck Resources (TECK) plans to use the proceeds from the sale of its steelmaking coal business to reduce debt, invest in its copper business and distribute cash to shareholders.

PKXPositive Net Change CRSPositive Net Change GLNCYNegative Net Change TECKPositive Net Change

Zacks Equity Research

Axalta Coating (AXTA) Shares Rise 12% in 3 Months: Here's Why

Axalta Coating (AXTA) shares move up on the back of strong first-quarter results, strategic acquisitions and an optimistic earnings outlook for 2024.

KGCNegative Net Change CRSPositive Net Change AXTANegative Net Change EGONegative Net Change

Anindya Barman

Cleveland-Cliffs (CLF) Down 23% in 3 Months: Time to Buy the Dip?

While Cleveland-Cliffs (CLF) benefits from its vertically integrated footprint, competitive strength and cost-saving actions, a significant pullback in steel prices and declining earnings estimates cast a pall on its prospects.

STLDNegative Net Change XPositive Net Change NUENegative Net Change CLFNegative Net Change

Zacks Equity Research

Century Aluminum (CENX) Refinery Returns to Full Production

Century Aluminum's (CENX) Jamalco secures alternate port arrangements to continue alumina shipments to clients while the conveyor is being repaired.

CRSPositive Net Change KROPositive Net Change CENXNegative Net Change EGONegative Net Change

Zacks Equity Research

FMC Corp (FMC) Divests GSS Business to Envu for $350 Million

FMC is selling its Global Specialty Solutions business to Envu for $350 million to focus on its core business.

CRSPositive Net Change FMCNegative Net Change AXTANegative Net Change EGONegative Net Change

Urbashi Dutta

Zacks Initiates Coverage of Oil-Dri With Neutral Recommendation

Discover why Zacks rates Oil-Dri (ODC) as "Neutral," being the first on Wall Street to initiate the coverage of the stock. Explore how Oil-Dri's strategic acquisition and consistent sales growth shape its market position while navigating cost pressures and key customer dependencies.

ODCNegative Net Change

Zacks Equity Research

Steel Dynamics (STLD) to Post Q2 Earnings: What's in the Offing?

Steel Dynamics' (STLD) Q2 results are likely to have been impacted by lower profitability in steel operations.

STLDNegative Net Change ATINegative Net Change KGCNegative Net Change AEMNegative Net Change

Zacks Equity Research

Quaker (KWR) Breaks Ground on New Manufacturing Plant in China

The facility will play a significant part in Quaker's (KWR) global supply chain, strengthening the company's position as a market leader in industrial process fluids.

CRSPositive Net Change KROPositive Net Change KWRNegative Net Change EGONegative Net Change

Zacks Equity Research

Fortuna Silver (FSM) Q2 Gold Equivalent Production Up 25% Y/Y

Fortuna Silver (FSM) reports a 25% improvement in gold equivalent ounces produced in the second quarter of 2024 as higher gold output offset the impact of low silver production.

HLNegative Net Change EXKNegative Net Change FSMNegative Net Change ERONegative Net Change

Zacks Equity Research

Endeavour Silver's (EXK) Q2 Silver Production Declines 12% Y/Y

Endeavour Silver's (EXK) second-quarter 2024 silver production declines year over year due to lower grades at both of its mines.

HLNegative Net Change EXKNegative Net Change FSMNegative Net Change ERONegative Net Change

Zacks Equity Research

Osisko (OR) Reports Q2 Preliminary Revenues and Margins

Osisko (OR) reports a record cash margin in the second quarter of 2024.

GOLDNegative Net Change SANDNegative Net Change RGLDNegative Net Change ORNegative Net Change

Zacks Equity Research

Hecla Mining's (HL) Q2 Silver Output Rises 6% Sequentially

Hecla Mining's (HL) Q2 silver production grows sequentially, reflecting consistent performance at Greens Creek, a full quarter of production at Lucky Friday and higher throughput at Keno Hill.

HLNegative Net Change BVNNegative Net Change EXKNegative Net Change FSMNegative Net Change

Zacks Equity Research

Air Products (APD) Sells LNG Business to Honeywell for $1.81B

Air Products (APD) divests its LNG process technology and equipment business to Honeywell for $1.81 billion to focus on core industrial gas and clean hydrogen sectors.

APDNegative Net Change HONNegative Net Change CRSPositive Net Change AXTANegative Net Change EGONegative Net Change

Zacks Equity Research

Innospec (IOSP) Up 19% in a Year: What's Driving the Stock?

Innospec's (IOSP) strong earnings performance, strength in the Performance Chemicals segment and strategic growth initiatives, including the QGP acquisition in Brazil, contribute to its shares' rally.

CRSPositive Net Change IOSPNegative Net Change AXTANegative Net Change EGONegative Net Change

Zacks Equity Research

Implied Volatility Surging for Ferroglobe (GSM) Stock Options

Investors need to pay close attention to Ferroglobe (GSM) stock based on the movements in the options market lately.

GSMNegative Net Change

Zacks Equity Research

What Makes Kronos Worldwide (KRO) Stock a Solid Choice Right Now

Kronos Worldwide (KRO) benefits from higher demand for TiO2, improved selling prices and its actions to reduce costs.

CRSPositive Net Change KROPositive Net Change CBTNegative Net Change AXTANegative Net Change

Zacks Equity Research

BASF (BASFY) to Stop Glufosinate-Ammonium Production at 2 Sites

BASF's (BASFY) GA production is being adversely impacted by increased competition from generic manufacturers, alternative technologies and high energy and raw material costs.

BASFYNegative Net Change CRSPositive Net Change KROPositive Net Change EGONegative Net Change

Zacks Equity Research

Ingevity (NGVT), Ultrapolymers Tie-Up for Capa Bioplastics Sales

The addition of a new distribution partner in Europe devoted to Ingevity's (NGVT) Capa biodegradable thermoplastics allows the company to better service its customers in the region.

CRSPositive Net Change KROPositive Net Change EGONegative Net Change NGVTNegative Net Change

Zacks Equity Research

Barrick (GOLD) Announces Strategic Plans for Loulo-Gounkoto

Barrick (GOLD) emphasizes the importance of sustaining the Loulo-Gounkoto gold mining complex, with a significant economic contribution to Mali.

ECLPositive Net Change CRSPositive Net Change GOLDNegative Net Change EGONegative Net Change