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The couple is part of a growing number of Americans who live above the federal poverty line but struggle to afford basic necessities. The poverty line isn't adjusted to reflect cost-of-living differences in individual cities or states and is set at $20,440 a year for a family of two. Binkley is trying to "make ends meet," hopes to leave Minnesota one dayPrimarily, Binkley said she struggles with her rent and utility bills. AdvertisementFor food, Binkley said she is especially thankful for her local food pantries, where she often goes to pick up canned goods. "That is one thing that keeps driving me to make my payments, get things caught up, and set a little bit aside each week or each month, Binkley said.
Persons: , Melinda Binkley, she's, Binkley, doesn't, ALICE, She's Organizations: Service, Business, Survey, United Way's, Medicare Locations: Stillwater , Minnesota, Minnesota, Idaho
Stock Chart Icon Stock chart icon Hawaiian Electric Industries' year-to-date stock performance. Stock Chart Icon Stock chart icon Excelerate Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Sibanye-Stillwater's year-to-date stock performance. Stock Chart Icon Stock chart icon Penumbra's year-to-date stock performance. Stock Chart Icon Stock chart icon Vertex Pharmaceuticals' year-to-date stock performance.
Persons: Excelerate, I'd, it's, I've, ABT, Emerson Electric's, Jim Cramer's Organizations: Hawaiian Electric Industries, Excelerate, Abbott Labs, PEN, Emerson Electric, GM, Pharmaceuticals, Vertex Pharmaceuticals, CF Locations: Stillwater
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Hawaiian Electric could go lower from here, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Hawaiian Electric, Excelerate Energy, Sibanye Stillwater, Penumbra, Emerson Electric, Ford and Vertex.
Persons: Jim Cramer Organizations: Excelerate Energy, Emerson Electric, Ford Locations: Stillwater, Penumbra
OKLAHOMA CITY (AP) — A 5.1 magnitude earthquake shook an area near Oklahoma City late Friday night, the U.S. Geological Survey reported. The earthquake hit at 11:24 p.m. and was centered 8 kilometers (4.9 miles) northwest of Prague, Oklahoma, the agency said. Prague is about 57 miles (92 kilometers) east of Oklahoma City, where residents reported feeling the shaking. At least six earthquakes, including two greater than magnitude 4.0, were recorded near another Oklahoma City suburb in January. In April, a magnitude 4.0 earthquake was among a series of six that struck the central Oklahoma town of Carney, about 40 miles (64 kilometers) northeast of Oklahoma City.
Organizations: OKLAHOMA CITY, Oklahoma City, U.S . Geological Survey, KFOR Locations: Oklahoma, U.S, Prague , Oklahoma, Prague, Oklahoma City, Shawnee, Stillwater, Tecumseh, Carney
Sibanye-Stillwater announced the layoffs Wednesday at the only platinum and palladium mines in the United States, near Nye, Montana, and other Sibanye-owned facilities in Montana, including a recycling operation. Another 187 contract workers — about 67% of the mining contract workers at the mine — will also be affected. Some contract work has been phased out over the past couple of months, said Heather McDowell, a vice president at Sibanye-Stillwater. Palladium prices have since fallen from a peak of about $3,000 an ounce in March 2022 to about $1,000 per ounce now. South Africa-based Sibanye bought the Stillwater mines in 2017 for $2.2 billion.
Persons: Heather McDowell, McDowell, Sibanye, Jason Small, Noah Dinger, Matthew Brown Organizations: Stillwater, of Labor, Forest Service, Mine, Montana AFL, Department of Labor, Industry, Associated Press Locations: Montana, Sibanye, United States, Nye , Montana, Stillwater, Nye, South Africa, Boulder, Falls , Idaho, Billings , Montana
21 Oklahoma State rallied from an 18-point deficit to beat BYU 40-34 on Saturday, securing a spot in the Big 12 Championship game. It's been that kind of year for Oklahoma State — unpredictable but, ultimately, successful. Political Cartoons View All 1265 Images“We sure make it hard on ourselves to get to where we want to go,” Oklahoma State coach Mike Gundy said. Gordon’s 15-yard touchdown with 53 seconds remaining put Oklahoma State ahead 27-24, but BYU’s Simi Moala blocked the extra point. But they couldn't sustain drives for most of the second half, allowing Oklahoma State to rally.
Persons: State's, Ollie Gordon II, Trey Rucker, Isaac Rex, It's, Mike Gundy, ” Gundy, They’ve, Gordon, Barry Sanders, ” Gordon, they’ve, ” Alan Bowman, Leon Johnson III, Jake Retzlaff, Retzlaff, Kedon Slovis, Simi Moala, Will Ferrin, Gordon’s, Gordon's, Bowman, Rashod Owens, Eddie Heckard, Keelan Marion, Kalani Sitake, , outgaining, QUOTABLE Gordon, ___ Organizations: BYU, Cowboys, Oklahoma State, Big, The Cowboys, Oklahoma, UCF, Houston, ” Oklahoma, Texas, T, Cougars, Ferrin, , College Football, AP Locations: STILLWATER, Okla, Oklahoma, South Alabama, , Arlington , Texas, , “ Texas
Platinum is used to make the electrolyzers that produce hydrogen and the sharp down cycle in South Africa’s platinum mining sector demonstrates the risk that low prices and lack of investment could slow the energy transition. Prices for other commodities have also fallen, while miners have been complaining of rising costs and seem to be limiting their capital expenditures. Photo: michele spatari/Agence France-Presse/Getty ImagesFor the mining sector, cyclical returns are nothing new. Ray said many South African PGM miners are now selling their output at close to the cost of production, eating away at profitability. “To the extent that PGM prices stay at current levels, I would not be surprised to see more supply-side reaction,” Ray said.
Persons: Waldo Swiegers, , Tom Price, michele spatari, We’ve, ” Emma Townshend, ” Townshend, Raj Ray, Ray, ” Ray, ” Implats’s Townshend, Implats, Yusuf Khan Organizations: Bloomberg, Liberum, Agence France, PGM, Times, Business, BMO Capital Markets, Metals Locations: Sibanye, Africa, Johannesburg, Stillwater, South, South Africa, Marikana, U.S, China, Europe, Implats
One morning in September, a truck disgorged its load of pulverized rock with a resounding bang inside Stillwater Mining’s metallurgical plant north of Yellowstone National Park. The mined ore contains platinum, palladium and rhodium, three of the earth’s rarest, most expensive metals — and vital components in the millions of catalytic converters that reduce polluting emissions from gasoline-powered vehicles. At the opposite end of the plant was another batch of metal, not from the mine but from used catalytic converters ground into powder for recycling. The new and the old metals would later be blended under intense heat, then shipped to a refinery. Recycling catalytic converters costs less than mining the ore.
Locations: Yellowstone, Stillwater
STILLWATER, Okla. (AP) — Ollie Gordon II ran for 137 yards and two touchdowns, and Oklahoma State defeated No. Political Cartoons View All 1234 ImagesThe crowd chanted Gordon's name before he broke loose for a 20-yard touchdown run on the game's opening drive. Oklahoma State: The Cowboys continued to find ways to take advantage of teams overloading to stop Gordon. POLL IMPLICATIONS Oklahoma State will jump into the Top 25. Oklahoma State: Visits UCF.
Persons: — Ollie Gordon II, Gordon, Alan Bowman, Rashod Owens, Brennan Presley, Dillon Gabriel, Drake Stoops, Gavin Sawchuk, Sawchuk, Alex Hale, Stoops, Tawee Walker, Billy Bowman, Gabriel couldn't, Walterscheid, Oklahoma's Zach Schmit, Bowman, ___ Organizations: Oklahoma State, Oklahoma, Southeastern Conference, Cowboys, Sooners, Owens, The Cowboys, West Virginia ., Visits UCF, AP Locations: STILLWATER, Okla, Oklahoma, Texas, Central Florida, West Virginia, West Virginia . Oklahoma
He is helping organize a free one-day, online “church mental health summit” on Tuesday that already has about 9,000 registrations from over 100 countries. Chris Adams, who leads the Mental Health and the Church Initiative at Biola University. Instead, parents asked her advice on how to share similar struggles with their own children’s faith leaders. He’s been increasing workshops and retreats for Catholic seminarians as well as priests to help overcome the isolation that many clergy feel, especially as their numbers decline. Thad Austin, who started the Common Table Collaborative to help integrate mental health resources for mostly Protestant clergy.
Persons: Karna Moskalik, , , Moskalik, Jamie, Chris Adams, Adams, Kay Warren, Rick Warren, You’re, Warren, they’re, Alex Lang, I’m Alex Lang, Lang, Katie O’Dunne, O’Dunne, Mark Dance, Steven Sandage, Laura Howe, Paul Ruff, He’s, Rae Jean Proeschold, Bell, Duke, God, Left, Thad Austin, , ” Warren Organizations: Wheaton College, Mental Health, Initiative, Biola University, , Saddleback, United Church of, Southern Baptist, Boston University, Saint Paul Seminary, United Methodist, Health Initiative, Lilly Endowment Inc, AP Locations: STILLWATER, Minn, U.S, California, Atlanta, Southern, Toronto, Minnesota,
South African rand slightly firms as US dollar dips
  + stars: | 2023-10-04 | by ( ) www.reuters.com   time to read: +1 min
South African Rand coins are seen in this illustration picture taken October 28, 2020. REUTERS/Mike Hutchings/Illustration Acquire Licensing RightsJOHANNESBURG, Oct 4 (Reuters) - The South African rand traded slightly higher on Wednesday following several days of weakness as the softening of the U.S. dollar supported risk sentiment. At 1619 GMT, the rand traded at 19.2800 against the dollar , about 0.3% stronger than its previous close. South Africa's benchmark 2030 government bond was weaker in afternoon deals, with the yield up 6.5 basis points to 11.085%. Reporting by Tannur Anders and Anait Miridzhanian; Editing by Alexander Winning and Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Persons: Mike Hutchings, Tannur Anders, Anait, Alexander Winning, Chris Reese Organizations: REUTERS, Rights, U.S ., P, Africa PMI, Local, Woolworths, Africa's, Thomson Locations: Rights JOHANNESBURG, Africa, Stillwater, Johannesburg
The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. In June, global miner Glencore (GLEN.L), Chrysler parent Stellantis (STLAM.MI) and Volkswagen's (VOWG_p.DE) battery unit PowerCo agreed to back the deal through an equity investment. Weak economic data from the world's largest metals consumer China, which it has reported since August, affected the investors' appetite for the deal, a source, directly familiar with the situation, told Reuters. "The deal fell apart over price," said another source familiar with the situation, adding the price was higher than the buyers considered realistic after the nickel price declined. Reporting by Polina Devitt and Clara Denina; editing by Timothy Gardner and David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Arnd, ACG, Glencore, Appian, Sibanye, Polina Devitt, Clara Denina, Timothy Gardner, David Gregorio Our Organizations: REUTERS, Appian Capital, Chrysler, Reuters, South Africa's, Thomson Locations: Baar, Switzerland, London, Appian, China, Stillwater
Even as he was staking his claim in the 1990s as the greatest player the NBA has ever seen, the Bulls icon was a regular guest on the golf course. Bobby Weed Golf Design“Slaughterhouse 23”Weed had his two pillars for a great golf course — an engaged owner and a good piece of property, though the latter would require some polishing. Bobby Weed Golf DesignThe course didn’t just need to suit the playstyle of its owner, though, it needed to enhance it. Bobby Weed Golf DesignTaking a swingCompared to Bobby Weed Golf Design, Nichols Architects had considerably less experience in golf courses, but it did have one key advantage in its efforts to beat other bids to build The Grove XXIII’s clubhouse. “That’s like the ultimate compliment … to have his own golf course and to shape and mold that golf course for him and his friends, it’s just where he wants to be.
Persons: CNN —, Michael Jordan cherishes, it’s, Nichols, Mike Butler, Bobby Weed, Pete Dye, Hobe, Tiger Woods, Cliff Hawkins, Jordan, , ” Weed, Weed, Jacob Kupferman, didn’t, Championships Jordan, ” “, Rickie Fowler, , Yvette Prieto, “ You’re, Igor Reyes, “ You’ve, ” Reyes, Nichols Architects Reyes, Jordan’s, ’ ” Nichols, Jimmy Walker, Reyes, it’s ‘, , Grove, , He’s Organizations: CNN, NBA, Bulls, Nichols Architects, PGA, Tiger, PGA Tour, Forbes, Augusta National, Championships, Nike, Adidas, Woods, ’ ” Nichols Architects, Air Locations: Chicago, Hobe Sound, Florida, Grove, Stillwater , Minnesota, Mito, Japan, Jordan, Ridge, Ponte Vedra, Pine Valley, ” Jordan, Miami, Weed
Renewable energy is more reliable but its promise for the region still remains largely unmet. Most households have depended on gasoline generators for power, but recently the government removed a gasoline subsidy, prompting increased interest in solar power, according to dealers. The Nigerian government has not announced incentives to promote solar energy, such as reducing import taxes on solar equipment as demanded by dealers. “The problem was affordability, but now customers can pay installments over a period of 18 months,” said Tunde Oladipupo, an agent for Sun King, a solar power company. Another example of this shift is the Ford vehicle assembly plant in Silverton, Pretoria, which currently sources over 35% of its electricity from solar power.
Persons: Rashmi Shah, , William Ruto, Tunde Oladipupo, Sun King, Monsurat Qadri, ” Qadri, ” Mohammed Ettu, Shah, ” Shah, ___ Adebayo, Magome Organizations: Climate Summit, World Bank, CP Solar’s, Associated Press, Kenyan, Solutions, Ford, South, CP, Kenya Power, Lighting Company, Supersport, AP Locations: NAIROBI, Mombasa, Nairobi, Kisii County, Kenya, Africa, Nigeria, Oyo, Lagos, Saharan Africa, South Africa, Stillwater, American, Silverton , Pretoria, Mpumalanga, Kenya —, Abuja, Johannesburg
The Johannesburg-based precious metals producer is on the shortlist of potential buyers for the copper mines owned by a unit of the Zambian government. The Chinese company has a presence in copper mining and would be joining Sibanye as an investment partner, Froneman said. The Chinese investor could help derisk the investment at Mopani, Froneman said. "They are an investment partner but technically they understand the copper business and smelting, so it's managing risk," he said. The Mopani assets require significant investment but spending would be spread over a number of years, Froneman said.
Persons: Neal Froneman, we've, Froneman, Felix Njini, Tannur Anders, Sharon Singleton, David Holmes Organizations: Mines, Reuters, China's Zijin Mining, U.S, Rothschild & Co, Thomson Locations: NAIROBI, Stillwater, Johannesburg, Zambian, Southern Africa, Europe, U.S, Mopani, Switzerland, ZCCM
We're selling 200 shares of Halliburton (HAL) at roughly $40.64 each Following Wednesday's trade, Jim Cramer's Charitable Trust will own 1,400 shares of HAL, decreasing its weighting to 1.97% from 2.24%. HAL YTD mountain Halliburton YTD performance Supporting the energy trade of late has been the impressive recovery in oil and natural gas . The recent move in HAL and our energy stocks has us feeling a little greedy about our three positions, which also at one point this year were in the red. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma.
Persons: Jim Cramer's, Halliburton, We'll, Jim Cramer, Jim, Pat Carter Organizations: Halliburton, HAL, Technology, West Texas, Coterra, Natural Resources, CNBC, Getty Locations: Stillwater , Oklahoma
But NOAA puts the Ohio Valley at the low end of its Climate Extremes Index, which considers temperatures, precipitation, drought and hurricanes. 2023 Infrastructure score: 205 out of 390 points (Top States grade: C+) Climate Extremes Index: 8.7% Properties at risk: 2.1% Renewable energy: 12.3%8. 2023 Infrastructure score: 231 out of 390 points (Top States grade: B) Climate Extremes Index: 23.68% Properties at risk: 4.2% Renewable energy: 42.5%5. 2023 Infrastructure score: 254 out of 390 points (Top States grade: A-) Climate Extremes Index: 8.7% Properties at risk: 2.7% Renewable energy: 34.6%2. 2023 Infrastructure score: 193 out of 390 points (Top States grade: C) Climate Extremes Index: 19.78% Properties at risk: 9% Renewable energy: 84%1.
Persons: Jeremy Porter, they're, Porter, John Boyd , Jr, Seth Herald, Joe Biden, Adam J, Brian Snyder, Jim Mracek, Andrew Lichtenstein, Helen H, Richardson, Marshall, Jewel Samad, James McGath, Cole Ruud, Nicole Neri, Scott Olson, Biden, Daniel Acker Organizations: Street Foundation, The Boyd Company, Micron, CNBC, First, Atmospheric Administration, U.S . Department of Energy, Tennessee, NOAA, Seth, AFP, Getty, Volunteer State, Michigan, Dewey, Anadolu Agency, Great, Great Lakes State, FEMA, Green, Nebraska, Corbis, Cornhusker, Colorado Firefighters, National Center for Atmospheric Research, Denver Post, Centennial, Kansas, Oklahoma Electric, Sooner State, Energy Department, Washington Post, North Star State, Mount, Iowa, Bloomberg Locations: New York, States, Memphis , Tennessee, Tennessee, Ohio, Royal Oak, MI, Metro Detroit, Royal Oak , Michigan, United States, Great Lakes, Michigan, Vermont, Montpelier , Vermont, Nebraska, Cass County, Boulder , Colorado, Colorado, Dodge City , Kansas, Kansas, Moore , Oklahoma, Sooner, Oklahoma, Minnesota, Stillwater, Stillwater , Minnesota, St, Croix, Dakota, Salem , South Dakota, Mount Rushmore, South Dakota, Gowrie , Iowa, U.S
A Hollywood assistant role has long been a launching point for a career in entertainment. But "there is no blueprint" for how to get such a job, said Cathy Campo, a creative assistant at Netflix. Campo launched The Hollywood Assistant, a monthly newsletter aimed at industry hopefuls, to change that. In February, Campo launched The Hollywood Assistant, a free newsletter that recently released its sixth edition. It's difficult to make ends meet on those salaries in the costly cities where the entertainment industry is most heavily concentrated: Los Angeles and New York.
Persons: Cathy Campo, Campo, she's, , Matthew Belloni, Nick Lachey, She's, Emma Weiss, Jonathan Groff, Alyssa Tumale, Drew Barrymore, Brown, Jimmy Fallon, Michelle Greene, Don Rutledge, Natalie Lifson, Buchwald, Allison Leffingwell, Rutledge, Puck, Reed Alexander Organizations: Netflix, Hollywood, Brown University grad, NBCUniversal, CBS, Disney Entertainment, CAA, Chautauqua Ordway, Campo, Universal, Showtime, Media, Universal Filmed Entertainment Locations: Stillwater, Hollywood, Los Angeles and New York
Shortly after the opening bell, we'll be selling 200 shares of Halliburton (HAL), at roughly $37.57 apiece. Following the trade, Jim Cramer's Charitable Trust will own 1,600 shares of HAL, decreasing its weighting in the portfolio to 2.11%, from 2.37%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma.
Persons: Jim Cramer's, Halliburton, froth, Jim Cramer, Jim, Pat Carter Organizations: Halliburton, HAL, Natural Resources, Coterra Energy, Club, MarketEdge, CNBC, Getty Locations: Stillwater , Oklahoma
A Hollywood assistant role has long been a launching point for a career in entertainment. But "there is no blueprint" for how to get such a job, said Cathy Campo, a creative assistant at Netflix. Campo launched The Hollywood Assistant, a monthly newsletter aimed at industry hopefuls, to change that. In February, Campo launched The Hollywood Assistant, a free newsletter that recently released its sixth edition. It's difficult to make ends meet on those salaries in the costly cities where the entertainment industry is most heavily concentrated: Los Angeles and New York.
Persons: Cathy Campo, Campo, she's, , Matthew Belloni, Nick Lachey, She's, Emma Weiss, Jonathan Groff, Alyssa Tumale, Drew Barrymore, Brown, Jimmy Fallon, Michelle Greene, Don Rutledge, Natalie Lifson, Buchwald, Allison Leffingwell, Rutledge, Puck, Reed Alexander Organizations: Netflix, Hollywood, Brown University grad, NBCUniversal, CBS, Disney Entertainment, CAA, Chautauqua Ordway, Campo, Universal, Showtime, Media, Universal Filmed Entertainment Locations: Stillwater, Hollywood, Los Angeles and New York
Michelle Wie West Wants One More Crack at a Major
  + stars: | 2023-07-05 | by ( Alan Blinder | ) www.nytimes.com   time to read: +1 min
They surfaced at a luncheon with Brandi Chastain and Kristi Yamaguchi, and during a climb up a flight of stairs, and a stroll through a lobby. That’s Michelle Wie West, that 6-foot-1 fixture of collective memory and modern golf history. She did not win as much as she wanted to, and certainly not as much as many people thought she would or should have. But after close to a quarter of a century in the spotlight, she is still one of the savviest stars women’s golf has ever had, a player plenty of people outside of golf know as a star even if they do not know golf. The competitive golf part of Wie’s life will most likely be done by dusk on Sunday, when the U.S. Women’s Open is scheduled to finish at Pebble Beach.
Persons: Brandi Chastain, Kristi Yamaguchi, That’s Michelle Wie West, Wie Organizations: Women’s Locations: Stillwater, U.S
CNN —A train derailment in Montana caused a bridge across the Yellowstone River to collapse and sent multiple cars into the water below, officials in Stillwater County said Saturday. Multiple tanker cars were damaged and are leaking “petroleum products,” according to Yellowstone County Disaster and Emergency Services. The derailed Montana Rail Link train cars included “several hazmat cars,” the regional rail company said in a statement. “The state is standing by to support as Montana Rail Link and county officials assess their needs,” he said. Montana Rail Link is a Class II regional railroad that operates over 900 route miles of tracks across Montana and Idaho, according to the company’s website.
Persons: ” Mullikin, , Greg Gianforte Organizations: CNN, Emergency Services, Montana Rail, Montana Rail Link, Services, , Command, ” Montana Gov Locations: Montana, Stillwater County, Yellowstone County, Yellowstone, , Stillwater, ” Montana, Montana and Idaho
Montana bridge collapse sends tank cars into Yellowstone River
  + stars: | 2023-06-24 | by ( ) www.reuters.com   time to read: +1 min
June 24 (Reuters) - A bridge in Montana collapsed into the Yellowstone River early on Saturday, landing multiple rail cars in the water, officials said. Montana Rail Link, the company operating the train, said in a statement that "several hazmat cars" plunged into the river. The rail cars were carrying asphalt and molten sulfur, substances that quickly solidify when they come in contact with cooler temperatures, the company said. Two cars transporting sodium hydro sulfate, an acid salt, did not enter the water and initial air quality assessments indicate the chemical was not released from the cars, Montana Rail Link said. Montana Fish, Wildlife & Parks said the derailment and bridge collapse led to the closure of parts of the Yellowstone and Stillwater Rivers.
Persons: Maria Caspani, Richard Chang Organizations: Montana Rail, Montana Rail Link, Montana Fish, Wildlife, Parks, Thomson Locations: Montana, Billings, Reed Point, Stillwater County, Yellowstone, Stillwater Rivers
HAL YTD mountain Halliburton's year-to-date stock performance. AMZN YTD mountain Amazon's year-to-date stock performance. GOOGL YTD mountain Alphabet's year-to-date stock performance. That's lagged many other large-cap tech peers over the same stretch, including Club stock Nvidia (NVDA), which climbed 11%, and Adobe (ADBE), which advanced 10%. PANW YTD mountain Palo Alto Networks' year-to-date stock performance.
Persons: It's, hasn't, it's, Halliburton, We're, we'd, it'd, what's, we're, Linde, Jim Cramer's, Jim Cramer, Jim, Pat Carter Organizations: Halliburton, HAL, Linde, LIN, Palo Alto Networks, Wall, Club, Coterra Energy, Federal, Amazon, Amazon Web, Microsoft, Nvidia, Adobe, Networks, CNBC, Getty Locations: Thursday's, Palo, U.S, Europe, Stillwater , Oklahoma
[1/2] The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, September 30, 2015. Glencore will invest $100 million in ACG equity. Stellantis and mining investment fund La Mancha Resource Capital will each provide an equity investment of the same amount, while PowerCo will make a $100 million nickel prepayment. During the process, ACG will become ACG Electric Metals and issue new shares, making Glencore, Stellantis and La Mancha owners of 51% and leaving 49% for free float, Artem Volynets, ACG chief executive, told Reuters. The deal "will establish ACG Electric Metals as a premier supplier of critical metals into the western EV value chain," Volynets said.
Persons: Arnd, ACG, Mick Davis, PowerCo, Artem Volynets, Appian, Sibanye, Volynets, En, Rusal, Polina Devitt, Clara Denina, Kirsten Donovan, Jason Neely Organizations: REUTERS, Chrysler, Company, Santa, Appian, Chartered, Citigroup, Blue Resources, Metals Acquisition Corp, Glencore, La, La Mancha Resource, Metals, Reuters, South Africa's, Hong, Thomson Locations: Baar, Switzerland, Brazil, London, New York, Western Europe, North America, La Mancha, Stillwater, Santa Rita, Hong Kong
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