Glencore

CME Group Announces First Trades of Molybdenum Oxide (Platts) Futures

Retrieved on: 
Tuesday, March 14, 2023
CME Group, New York Mercantile Exchange, Chicago Board of Trade, City, S&P, Steel, OTC, Cobalt, Financial services, S&P Dow Jones Indices, COMEX, NYMEX, Metal, Molybdenum oxide, LTD, Glencore, Hydrogen, EBS, CME, Wind, CBOT, Standard, Fertilizer, Renewable energy, Iron ore, Chicago Mercantile Exchange, Molybdenum, Globe, Lithium

CHICAGO, March 14, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced the first trades of Molybdenum Oxide (Platts) futures.

Key Points: 
  • CHICAGO, March 14, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced the first trades of Molybdenum Oxide (Platts) futures.
  • Molybdenum futures will allow for the industry to hedge against increasingly volatile prices, while also providing important price signals in an emerging market."
  • "We are pleased that CME Group has introduced Molybdenum futures.
  • Molybdenum futures are financially-settled to the Platts Molybdenum Oxide Daily Dealer (Global) assessment, which is the key industry reference point for pricing molybdenum oxide and associated downstream products across the supply chain.

Li-ion Battery Recycling Market to Reach $6.9 Billion by 2030 - Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®

Retrieved on: 
Tuesday, March 7, 2023
Lithium, Life, Kleffman v. Vonage Holdings Corp., Environment, American Battery Technology Company, CATL, Health, Iron, Garbage, Manganese, MTB, NMC, LCO, Impact, Spectroscopy, EVS, COVID-19, LIB, Electronic waste, Recycling, LFP, NCA, INR, Senate, Graphite, USD, Cobalt, Glencore, Strategy, Pollution, Government, Aluminium, Electronics, Pyrometallurgy, Redwood Materials, Inc., Copper, ACE, Growth, LMO, EV, Mining, Gesellschaft mit beschränkter Haftung, Dan Sullivan (U.S. senator), SNAM, Nickel, Tata Chemicals, Electric battery, Pharmaceutical industry, Limited, Geography

However, the high cost of Li-ion recycling is a major challenge for the growth of Li-ion battery recycling.

Key Points: 
  • However, the high cost of Li-ion recycling is a major challenge for the growth of Li-ion battery recycling.
  • Thus, the COVID-19 pandemic had a mixed impact on the Li-ion battery recycling market.
  • Based on recycling process, the global Li-ion battery recycling market is broadly segmented into pyrometallurgical process, hydrometallurgical process, and other recycling processes.
  • Based on geography, the global Li-ion battery recycling market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Li-ion Battery Recycling Market to Reach $6.9 Billion by 2030 - Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®

Retrieved on: 
Tuesday, March 7, 2023
Lithium, Life, Kleffman v. Vonage Holdings Corp., Environment, American Battery Technology Company, CATL, Health, Iron, Garbage, Manganese, MTB, NMC, LCO, Impact, Spectroscopy, EVS, COVID-19, LIB, Electronic waste, Recycling, LFP, NCA, INR, Senate, Graphite, USD, Cobalt, Glencore, Strategy, Pollution, Government, Aluminium, Electronics, Pyrometallurgy, Redwood Materials, Inc., Copper, ACE, Growth, LMO, EV, Mining, Gesellschaft mit beschränkter Haftung, Dan Sullivan (U.S. senator), SNAM, Nickel, Tata Chemicals, Electric battery, Pharmaceutical industry, Limited, Geography

However, the high cost of Li-ion recycling is a major challenge for the growth of Li-ion battery recycling.

Key Points: 
  • However, the high cost of Li-ion recycling is a major challenge for the growth of Li-ion battery recycling.
  • Thus, the COVID-19 pandemic had a mixed impact on the Li-ion battery recycling market.
  • Based on recycling process, the global Li-ion battery recycling market is broadly segmented into pyrometallurgical process, hydrometallurgical process, and other recycling processes.
  • Based on geography, the global Li-ion battery recycling market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Noranda Income Fund Announces Court Approval of Acquisition by Glencore

Retrieved on: 
Friday, March 3, 2023
Toronto Stock Exchange, Ontario Superior Court of Justice, SEDAR, Canada Business Corporations Act, Arrangement, Acquisition, Trustee Act 2000, TSX, AIDS amendments of 1988, Glencore, Nature, Security (finance), Fund

Certain information in this press release, including statements regarding the proposed acquisition of the Fund by Glencore, delisting of the priority units and the Fund’s reporting issuer status, are forward-looking information.

Key Points: 
  • Certain information in this press release, including statements regarding the proposed acquisition of the Fund by Glencore, delisting of the priority units and the Fund’s reporting issuer status, are forward-looking information.
  • Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events.
  • These factors are not intended to represent a complete list of the factors that could affect the Fund; however, these factors should be considered carefully.
  • There can be no assurance that such estimates and assumptions will prove to be correct.

Noranda Income Fund Announces Unitholder Approval of Acquisition by Glencore

Retrieved on: 
Tuesday, February 28, 2023
Hearing, TSX, Ontario Superior Court of Justice, Acquisition, Trustee, Glencore, Food and Drug Administration Amendments Act of 2007, Chairperson, Toronto Stock Exchange, SEDAR, Arrangement, Security (finance), Fund

Subject to court approval being obtained and the other conditions to closing being satisfied or waived, the Arrangement is expected to be effective shortly following court approval.

Key Points: 
  • Subject to court approval being obtained and the other conditions to closing being satisfied or waived, the Arrangement is expected to be effective shortly following court approval.
  • Certain information in this press release, including statements regarding the proposed acquisition of the Fund by Glencore Canada Corporation, court approval and delisting of the priority units, are forward-looking information.
  • Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events.
  • These factors are not intended to represent a complete list of the factors that could affect the Fund; however, these factors should be considered carefully.

Behavox Quantum Provides Complete Coverage of Compliance Risks Across Energy and Mining Sectors

Retrieved on: 
Tuesday, February 28, 2023
Software, Other Energy, Professional Services, Mining, Minerals, Data Management, Energy, Technology, Natural Resources, Artificial Intelligence, Other Communications, Security, Communications, Finance, Index, National Federation of Energy and Mines, Glencore, Partnership, Hoarding, Language, Commodity, Algorithm, Artificial intelligence, Cryptocurrency

Behavox, the security software company using the application of Artificial Intelligence for monitoring of text and voice communications, announced today that its flagship product Behavox Quantum now provides complete coverage of compliance risks for Commodities across Energy and Mining .

Key Points: 
  • Behavox, the security software company using the application of Artificial Intelligence for monitoring of text and voice communications, announced today that its flagship product Behavox Quantum now provides complete coverage of compliance risks for Commodities across Energy and Mining .
  • With the increase in regulatory activity and fines targeting commodity trading firms, Behavox Quantum offers comprehensive coverage for risks like benchmark and index manipulation, abusive squeezes, including transmission capacity hoarding, ramping, among others.
  • “It’s great that Behavox provides core Market Abuse coverage but also understands our business as well.” Head of Compliance Communications Surveillance, Global Mining Company.
  • Behavox in partnership with Glencore and its other commodities trading clients are hosting a dedicated roundtable in London on April 18th.

Noranda Income Fund Announces Increased Purchase Price to $1.98 per Priority Unit and Support Agreements with Unitholders representing approximately 22% of Priority Units

Retrieved on: 
Thursday, February 23, 2023
Minority, Financial Stability Board, TSX, Model Business Corporation Act, Acquisition, Privatization, Trustee, Overseas Investment Amendment Act 2018, Chairperson, Trustee Act 2000, Toronto Stock Exchange, SEDAR, Arrangement, Multilateral, Security (finance), Cryptocurrency, Glencore, Fund

The increased purchase price of $1.98 per unit exceeds the top-end of this valuation range.

Key Points: 
  • The increased purchase price of $1.98 per unit exceeds the top-end of this valuation range.
  • Glencore has also entered into lock-up and support agreements (“Support Agreements”) with Riverstyx Capital Management, LM Asset Fund Limited Partnership, LM Asset Management, Daniel Lau and Doug Warwick (the “Supporting Unitholders”), who in the aggregate beneficially own or have control or direction over 8,337,691 priority units or approximately 22% of the priority units of the Fund.
  • The Arrangement, as amended, is subject to the condition that the Supporting Unitholders comply in all material respects with their obligations, covenants and agreements in their Support Agreements.
  • Fund unitholders holding their units through a broker, investment dealer or other intermediary should contact such intermediary without delay if they wish to change their voting instructions.

Li-Cycle Reports Fourth Quarter and Year 2022 Financial and Operational Results; Continued Execution of the Spoke & Hub Network Strategy

Retrieved on: 
Monday, January 30, 2023
Automotive Manufacturing, Technology, Manufacturing, Other Energy, Other Technology, Other Manufacturing, Alternative Energy, Environment, Energy, Engineering, Sustainability, Bank statement, LG, Insurance, Recycling, Period, Hand, Cobalt, Glencore, Spoke, NYSE, Nickel, Business analyst, Travel, Acquisition, EBITDA, NRV, Business, Webcast, Spoke–hub distribution paradigm, Growth, LIB, Net, PAETEC Holding Corp., FMV, Depreciation, Lithium, Airline, Renewable energy, Cryptocurrency, Video game

"I am incredibly proud of what our team has accomplished in 2022, building strong momentum for our Spoke & Hub business in 2023 and beyond," added Kochhar.

Key Points: 
  • "I am incredibly proud of what our team has accomplished in 2022, building strong momentum for our Spoke & Hub business in 2023 and beyond," added Kochhar.
  • The development of Li-Cycle's Spoke recycling capacity in both North America and Europe continues to advance positively.
  • Additionally, the Company has continued to innovate its Spoke technology by incorporating operational project enhancements and processing upgrades.
  • On December 21, 2022, Li-Cycle’s announced a change in the Company’s financial year end from October 31 to December 31.

Noranda Income Fund Files Circular, Independent Committee urges Unitholders to Vote for the Arrangement and Secure their All-Cash Offer

Retrieved on: 
Thursday, January 26, 2023
Transaction Processing Facility, Safety, Independent, Fairness, TSX, Toronto Stock Exchange, Arrangement, Immediate, Public expenditure, Zinc, Privatization, CAPEX, Generalized distributive law, Face, Canada, Environment, Investment, Maintenance, Risk, Security (finance), Pharmaceutical industry, Cryptocurrency, Audit, Risk management, Glencore, Trustee, Fund

The Arrangement is recommended by the Independent Committee of the Board of Trustees of Noranda Operating Trust (the “Independent Committee”), as well as by the Board of Trustees itself (with Glencore representative trustees abstaining).

Key Points: 
  • The Arrangement is recommended by the Independent Committee of the Board of Trustees of Noranda Operating Trust (the “Independent Committee”), as well as by the Board of Trustees itself (with Glencore representative trustees abstaining).
  • The Independent Committee and the Board of Trustees recommend that Priority Unitholders vote FOR the special resolution approving the Arrangement in order to receive C$1.42 per Priority Unit.
  • The Independent Committee is comprised entirely of trustees who are independent of both the Fund and Glencore.
  • Therefore, the Independent Committee determined that the Arrangement was in the best interests of the Fund and fair to Priority Unitholders and unanimously recommends that Priority Unitholders vote FOR the Arrangement.

Noranda Income Fund Sets Record Straight regarding the Choice in front of Unitholders

Retrieved on: 
Friday, January 13, 2023
CCAA, Privatization, Public expenditure, CEZ, Face, TSX, Rehabilitation, Stock dilution, Risk, Sale, Trustee, Investment, Bank, Risk management, Security (finance), Fund, Glencore

TORONTO, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Noranda Income Fund (TSX: NIF.UN) (the “Fund”) today issued the following statement setting the record straight regarding comments made on January 10, 2023 by unitholders Riverstyx Capital Management and LM Asset Fund Limited Partnership.

Key Points: 
  • TORONTO, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Noranda Income Fund (TSX: NIF.UN) (the “Fund”) today issued the following statement setting the record straight regarding comments made on January 10, 2023 by unitholders Riverstyx Capital Management and LM Asset Fund Limited Partnership.
  • As part of the Fund’s active and ongoing communications with its unitholders, the Fund values constructive input from unitholders and takes all unitholder views seriously.
  • Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events.
  • These factors are not intended to represent a complete list of the factors that could affect the Fund; however, these factors should be considered carefully.