Summit Materials, Inc. considers acquisition bid: Could this transform the cement giant?

Summit Materials, Inc. considers acquisition bid: Could this transform the cement giant?

Summit Materials, Inc. (NYSE: SUM) has received a significant non-binding acquisition proposal. While specific details remain under wraps, the company confirmed that it has initiated early discussions with the interested party. Summit’s Board of Directors, alongside its advisory teams, Morgan Stanley & Co. LLC and Evercore, is rigorously evaluating the offer to decide on a […]

Keliber lithium hydroxide project : Sibanye-Stillwater approves €588m capex

Keliber lithium hydroxide project : Sibanye-Stillwater approves €588m capex

Sibanye-Stillwater has sanctioned capital expenditure (capex) of €588 million for the Keliber lithium hydroxide project in Finland having increased its interest to around 85% in Keliber Oy, a Finnish mining and battery chemicals maker. According to the South African miner, construction at the Kokkola lithium hydroxide has started, which marks the first phase in the […]