Basic Materials/Resources

Updated Jan. 11, 2024 5:10 pm ETInternational Flavors & Fragrances tapped J. Erik Fyrwald to succeed Frank Clyburn as its next chief executive officer.The company, which manufactures flavors and fragrances used in food, beverage, personal-care and household products, also appointed Fyrwalk to the board. The CEO and board appointments are effective Feb. 6.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Updated Jan. 11, 2024 5:10 pm ETInternational Flavors &…

Updated Jan. 5, 2024 12:48 pm ETA global gold mining company said it ousted its longtime chief executive officer after a board probe into a $5.9 million payment he authorized.Sébastien de Montessus denied wrongdoing, but his abrupt exit created turmoil atop Endeavour Mining.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Updated Jan. 5, 2024 12:48 pm ETA global gold mining company said it ousted its longtime chief executive officer after a board probe into a $5.9…

Updated Dec. 30, 2023 12:11 am ETListen to article(2 minutes)MBOMBELA, South Africa—A half-century-old company on the outskirts of South Africa’s Kruger National Park has found itself in a fortuitous spot as Western automakers push to move their electric-vehicle supply chains away from China.Manganese Metal Co., based in the sleepy town of Mbombela, is the largest of just a handful of refiners of battery-grade manganese located outside China. Used mostly for making steel, manganese is increasingly replacing more expensive…

Updated Dec. 18, 2023 7:37 am ETU.S. Steel agreed to be acquired by Nippon Steel in a $14.1 billion deal that would combine two steel giants in America and Japan.Nippon Steel agreed to acquire the Pittsburgh-based United States Steel for $55 a share, marking a 40% premium to the company’s share price when the market closed on Friday. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Updated Dec. 18, 2023 7:37 am ETU.S. Steel agreed to be acquired by Nippon Steelin a…

Listen to article(2 minutes)ADELAIDE, Australia—Ivan Williamsreckons he can help to break China’s dominance of a key ingredient of electric-vehicle batteries. To do so, he has been collecting wood chips from sawmills around the world.At a test plant in New Zealand’s picturesque Marlborough wine region, Williams and his team feed the wood chips into machines that turn out a form of synthetic graphite. He says the engineered material is as pure as synthetic graphite made from fossil fuels, which is mostly produced in China…

Updated Nov. 18, 2023 7:43 pm ETBayer faces a payout of $1.56 billion after a Missouri jury found in favor of the plaintiffs who blamed its Roundup weedkiller for causing their cancers.The decision is the fourth in a row to go against Bayer during a roller-coaster five-year legal battle over Roundup, the world’s most popular weedkiller, which included nine straight victories for the company, as well as earlier losses. The cases represent tens of thousands of claims from farmers and gardeners.Copyright ©2023Dow Jones…

Updated Nov. 14, 2023 5:10 am ETCanadian miner Teck Resources said it is selling its coal assets to a group led by mining and trading giant Glencorein a deal that would cap a lengthy saga and be one of the biggest in mining this year.The transaction would value the business at around $9 billion. Under the terms of the deal, Switzerland-based Glencore will pay $6.93 billion for a 77% stake. Japan-based steelmaker Nippon will hold a 20% stake after converting existing holdings in some of Teck’s coal operations and paying…

Exxon Mobilsaid Monday it is starting to drill for lithium in Arkansas and aims to become a major U.S. supplier for makers of electric-vehicle batteries by 2030.  The Texas-based oil company’s entrance into the lithium business, first reported by The Wall Street Journal in May, is an effort to reposition itself long-term for the advent of EVs and electrification in the transportation sector, which it dominated for decades as one of the world’s largest fuel makers. Lithium is a key ingredient in making batteries for EVs,…

Companies and lawmakers are trying to influence how the government gives out billions in subsidies. Companies and lawmakers are trying to influence how the government gives out billions in subsidies. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner…

The Brazilian miner is close to completing the deal with Saudi Arabia’s sovereign-wealth fund and a Saudi mining company. The Brazilian miner is close to completing the deal with Saudi Arabia’s sovereign-wealth fund and a Saudi mining company. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…