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Worthington Steel, Inc. (NYSE:WS) completed its voluntary public takeover offer for Kloeckner & Co SE (XTRA:KCO) at $12.76 per share in cash, securing approximately 62% of Kloeckner’s outstanding shares at an implied enterprise value of approximately $2.4B, creating the second-largest steel service center in North America with $9.5B of combined revenue and approximately $150M in anticipated annual synergies.
Cargill in talks to sell metals unit to Macquarie.
and top news stories.
New Age Metals Inc. (TSX.V:NAM | OTCQB:NMTLF | FSE:P7J) has entered into an option agreement, after completing its due diligence, with arms-length party, Torr Resources Corp. to acquire up to a 100% interest in the Dash Lake Gold-Copper Project, which is directly contiguous with and expands the Company’s Double R Project located in the Kenora and Rainy River Districts of northwestern Ontario.
Rio Tinto considers reopening aluminum potline at NZAS.
and top news stories.
Wynnchurch Capital, L.P. has announced the sale of Ironform Holdings Co., a Chicago-based metal fabricator supplying components, and value-added assemblies to the agriculture, construction, off-highway, bus, and industrial end markets with facilities in Texas, Washington, Virginia, and Missouri, to an undisclosed strategic buyer.
CHALCO tightens Guinea grip with high-stakes alumina expansion deal.
and top news stories.
AMG Critical Materials NV said Zinnwald Lithium PLC has agreed to a cash and share acquisition by its subsidiary, AMG Lithium.
East Hope Group plans $12.6B investment in Kazakhstan’s aluminum industry.
and top news stories.
Regis Resources (ASX:RRL) has agreed to acquire Vault Minerals (ASX:VAU) in an all-share merger-of-equals valuing the combined entity at approximately $7.67B, creating Australia's third-largest ASX-listed gold producer with five operating hubs in Western Australia plus assets in Canada, ~700,000 oz of annual production from a 20.5M oz resource base, and over $325M in expected corporate tax synergies.
U.S. and South Africa hold talks on mining deals, FT reports.
and top news stories.
U.S.-based miner Critical Metals has signed a letter of intent to purchase all outstanding shares of European Lithium in a ~$835M deal, a move that would secure its full ownership of Greenland's Tanbreez rare earth project.
Ford lifts outlook on tariff refund, flags aluminum cost pressures.
and top news stories.
USA Rare Earth, Inc. entered into an definitive agreement to acquire Serra Verde Group for $2.83B.
Century Aluminum restarts Grundartangi potline early, targets near full output by July.
and top news stories.
Canada’s Uranium Royalty (TSX:URC; Nasdaq:UROY) agreed to buy privately held Sweetwater Royalties for about $1.1B to diversify and capitalize on rising demand for nuclear fuel.
Century Aluminum begins expanded production at Mt Holly Smelter.
and top news stories.
