Metal

Olympic Steel Reports Fourth-Quarter and Full-Year 2023 Results

Retrieved on: 
Thursday, February 22, 2024

Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced results for the three and 12 months ended December 31, 2023.

Key Points: 
  • Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced results for the three and 12 months ended December 31, 2023.
  • Adjusted EBITDA for the fourth quarter of 2023 was $16.7 million, compared with $11.9 million in the fourth quarter of 2022.
  • Sales for the fourth quarter of 2023 totaled $489 million, compared with $520 million in the fourth quarter of 2022.
  • The results include $8.3 million of LIFO pre-tax income in 2023, compared with $0.6 million of LIFO pre-tax expense in 2022.

aeSolutions Opens New Houston Office in Energy Corridor

Retrieved on: 
Wednesday, February 21, 2024

The new office will allow aeSolutions to enhance its service offerings in the energy sector, providing localized client support and strengthening relationships with key industry partners.

Key Points: 
  • The new office will allow aeSolutions to enhance its service offerings in the energy sector, providing localized client support and strengthening relationships with key industry partners.
  • The Houston Energy Corridor, renowned as a global energy hub, offers an ideal location for aeSolutions to engage with a wide range of markets, including traditional and alternative energy sectors, agribusiness, metals, chemicals, and petrochemicals.
  • The Houston office will provide a variety of expertise and services tailored to support aeSolutions' clients in the region.
  • The new aeSolutions Houston office is location at 757 N. Eldridge Parkway, Suite 520.

Metals Acquisition Ltd Dual Lists on ASX Following Upsized A$325 million IPO

Retrieved on: 
Tuesday, February 20, 2024

Given the level of demand under the bookbuild process in connection with the Offer, MAC determined to upsize the raise from A$300 million to A$325 million.

Key Points: 
  • Given the level of demand under the bookbuild process in connection with the Offer, MAC determined to upsize the raise from A$300 million to A$325 million.
  • This cements MAC’s IPO as the biggest ASX mining listing based on market capitalisation in over 5 years.
  • Barrenjoey Markets Pty Limited and Canaccord Genuity (Australia) Limited acted as joint lead managers to the IPO.
  • On behalf of the Board and employees, I would like to thank our new shareholders for their support in what has been a strongly backed ASX IPO.

Coeur Reports Year-End 2023 Mineral Reserves and Resources

Retrieved on: 
Tuesday, February 20, 2024

Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported year-end 2023 proven and probable reserves of 3.2 million ounces of gold and 243.9 million ounces of silver, net of depletion.

Key Points: 
  • Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported year-end 2023 proven and probable reserves of 3.2 million ounces of gold and 243.9 million ounces of silver, net of depletion.
  • Measured and indicated resources totaled 3.2 million ounces of gold, 196.3 million ounces of silver, 1,517 million pounds of zinc and 768.7 million pounds of lead, reflecting year-over-year increases for all metals driven by additions at Palmarejo, Rochester, Wharf and Silvertip.
  • Inferred resources were 2.0 million ounces of gold, 92.5 million ounces of silver, 481.8 million pounds of zinc and 199.8 million pounds of lead, signifying year-over-year increases of approximately 14%, 32%, 27% and 20%, respectively.
  • “Coeur’s total exploration investment in 2023 was lower than in recent years and resource expansion was our primary goal for the year, which was achieved across all of our sites.

cunova, a Leading Global Manufacturer of High-end Specialty Copper Alloy Products, and SDCL EDGE Acquisition Corporation Announce Their Business Combination

Retrieved on: 
Tuesday, February 20, 2024

cunova’s acquisition of the whole aerospace specialty metals business of KME Group (“KME Aerospace”) would enable the combined company to also serve the space exploration and general aerospace markets.

Key Points: 
  • cunova’s acquisition of the whole aerospace specialty metals business of KME Group (“KME Aerospace”) would enable the combined company to also serve the space exploration and general aerospace markets.
  • Under the terms of the proposed business combination agreement, cunova will be indirectly acquired by a publicly-listed, successor entity of SDCL EDGE Acquisition Corporation.
  • The board of SEDA and the shareholders of cunova have approved the proposed business combination subject to customary closing conditions.
  • Assuming satisfaction of all closing conditions, the proposed business combination is expected to close in the second quarter of 2024.

South Africa Mining Industry Trends Report - Key Opportunities Emerging in the Circular Economy (Reducing, Reusing & Recycling) - ResearchAndMarkets.com

Retrieved on: 
Monday, February 19, 2024

The "Mining Industry Trends in South Africa 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Mining Industry Trends in South Africa 2023" report has been added to ResearchAndMarkets.com's offering.
  • The mining sector provides materials essential for all sectors of the economy and creates employment, investment, government revenues and infrastructure.
  • The mining industry remains an important contributor to the South African economy.
  • In an environment where government provides policy certainty, administered prices are tolerable and logistics problems are solved, the mining industry can retain its historical importance in the economy.

15th International Workshop on Advanced Materials Kicks off in Ras Al Khaimah

Retrieved on: 
Tuesday, February 20, 2024

Today, the 15th International Workshop on Advanced Materials (IWAM) organised by the Ras Al Khaimah Center for Advanced Materials (RAKCAM) kicks off at the Mövenpick Resort on Al Marjan Island.

Key Points: 
  • Today, the 15th International Workshop on Advanced Materials (IWAM) organised by the Ras Al Khaimah Center for Advanced Materials (RAKCAM) kicks off at the Mövenpick Resort on Al Marjan Island.
  • View the full release here: https://www.businesswire.com/news/home/20240219081040/en/
    HH Saud bin Saqr attends the opening of the 15th #IWAMRasAlKhaimah and takes part in a fireside discussion that highlights Ras Al Khaimah’s commitment to scientific progress and innovation.
  • The event is again being held under the patronage of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, who is participating in a fireside discussion about the importance of advanced materials in solving the world’s greatest challenges.
  • Sir Anthony Cheetham, Chairman of Ras Al Khaimah Center for Advanced Materials, commented: “His Highness Sheikh Saud is dedicated to leveraging education and science as drivers of innovations that contribute to humanity’s advancement - and committed to advancing the field of materials science.

SquaredFinancial announces its Special Promotion during Ramadan

Retrieved on: 
Saturday, March 9, 2024

DUBAI, UAE, March 9, 2024 /PRNewswire/ -- Industry-leading fintech firm, SquaredFinancial, launches its Ramadan Special Promotion, empowering investors to unlock their potential during the auspicious season.

Key Points: 
  • DUBAI, UAE, March 9, 2024 /PRNewswire/ -- Industry-leading fintech firm, SquaredFinancial, launches its Ramadan Special Promotion, empowering investors to unlock their potential during the auspicious season.
  • Committed to catering to the financial needs of investors from different backgrounds and offering them sophisticated products and services, SquaredFinancial introduces this special promotion set to elevate their financial experience.
  • As such, SquaredFinancial has been recently awarded Best Trading Mobile App 2023 for its acclaimed mobile application, further boosting its record of recognition.
  • Participants eager to benefit from this promotion are invited to visit SquaredFinancial website to read the terms and conditions, explore further details and register their interest.

SquaredFinancial announces its Special Promotion during Ramadan

Retrieved on: 
Saturday, March 9, 2024

DUBAI, UAE, March 9, 2024 /PRNewswire/ -- Industry-leading fintech firm, SquaredFinancial, launches its Ramadan Special Promotion, empowering investors to unlock their potential during the auspicious season.

Key Points: 
  • DUBAI, UAE, March 9, 2024 /PRNewswire/ -- Industry-leading fintech firm, SquaredFinancial, launches its Ramadan Special Promotion, empowering investors to unlock their potential during the auspicious season.
  • Committed to catering to the financial needs of investors from different backgrounds and offering them sophisticated products and services, SquaredFinancial introduces this special promotion set to elevate their financial experience.
  • As such, SquaredFinancial has been recently awarded Best Trading Mobile App 2023 for its acclaimed mobile application, further boosting its record of recognition.
  • Participants eager to benefit from this promotion are invited to visit SquaredFinancial website to read the terms and conditions, explore further details and register their interest.

3D Printing High-Performance Plastics Market to Reach $520.0 Million by 2028: BCC Research

Retrieved on: 
Friday, March 8, 2024

BOSTON, March 8, 2024 /PRNewswire/ -- "According to the latest BCC Research study, the demand for Global 3D Printing High-Performance Plastics Market is estimated to increase from $163.6 million in 2022 to reach $520.0 million by 2028, at a compound annual growth rate (CAGR) of 21.4% from 2022 through 2028."

Key Points: 
  • BOSTON, March 8, 2024 /PRNewswire/ -- "According to the latest BCC Research study, the demand for Global 3D Printing High-Performance Plastics Market is estimated to increase from $163.6 million in 2022 to reach $520.0 million by 2028, at a compound annual growth rate (CAGR) of 21.4% from 2022 through 2028."
  • This comprehensive report focuses specifically on high-performance plastics within the expansive 3D printing industry, highlighting key materials such as polyamide, polyetherimide, polyetheretherketone, polyetherketoneketone, polyvinylidene difluoride, and polyphenylsulfone.
  • The forecasted revenue projections from 2022 to 2028 encompass each type, technology, end-user, and regional segment, offering a comprehensive outlook on the evolving landscape of the 3D printing high-performance plastics market.
  • The intersection of digitalization, robotics, and the growing demand for personalized, point-of-care medical solutions is fueling a surge in high-performance plastics (HPP) adoption in 3D printing.