Prime Tales for Jan. 17, 2024:
1. BMO Capital analyst Jackie Przybylowski maintained an Outperform ranking on Newmont Company NEM however lowered her value goal from $62 to $59.
2. Compass Minerals CMP appointed Edward Dowling to succeed Kevin Crutchfield as president and CEO, efficient Jan. 18.
Dowling was a former petty officer within the U.S. Navy with a Bachelor of Science in mining engineering and mineral processing, a Grasp of Science in mineral processing and a Doctorate in mineral processing.
“I’m honored and excited by the chance to steer Compass Minerals,” Dowling mentioned. “I stay up for the continued shared efforts of our board and management group as we work tirelessly to reinforce the profitability of our important minerals portfolio by way of protected, environment friendly and fiscally disciplined operations.”
3. Common Stainless & Alloy Merchandise, Inc. USAP introduced that it’s going to present a enterprise replace in a convention name scheduled for Jan. 24 at 10 a.m. EST.
President and Chief Govt Officer Christopher M. Zimmer mentioned, “We stay up for offering a evaluation and replace on our markets and sharing sure monetary metrics on January 24, upfront of our earnings report in March.”
4. A brand new report from the Rosario Inventory Trade (RSE) predicts lithium manufacturing in Argentina will develop six instances greater than in Chile and 3 times greater than in Australia by 2027.
“In a context the place lithium manufacturing is anticipated to develop 8% yearly in Chile and 16% in Australia by 2027, the typical annual enhance in Argentina goals to be 50%…[Argentina’s] wealth in lithium reserves and assets, in addition to its dedication to sustainable manufacturing, make it an important participant within the world marketplace for batteries,” the report reads. “Moreover, the mining sector as a complete is contributing considerably to financial development and employment in Argentina.”
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