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☆ Beyond Tencent: Goldman refreshes its list of top Asian stocks — giving one nearly 50% upside
▼ + stars: | 2025-01-09 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Goldman Sachs is cautious on Chinese tech behemoth Tencent Holdings , removing it from its Asia-Pacific "conviction list" of top picks. Goldman also removed Japan's Sumitomo Mitsui Financial Group and China's Sungrow Power Supply from its Asia conviction list for January, and added Kotobuki Spirits , JD.com and Iluka Resources . The stocks are featured in the investment bank's "Conviction List - Directors' Cut," which it says offers a "curated and active" list of buy-rated stocks. JD.com Goldman also added Chinese e-commerce player JD.com to its list, citing factors such as a growth pick-up and "significant room for further valuation re-rating." Goldman has a target price of 7.7 Australian dollars ($4.79) on the stock, implying nearly 50% upside potential.

Persons: Goldman Sachs, Goldman, Norihiro Miyazaki, JD.com Goldman, JD.com, Ronald Keung, Paul Yong, — CNBC's Michael Bloom Organizations: U.S . Department, National Defense, Sumitomo Mitsui Financial Group, Iluka Resources, Fukuoka Airport, Kansai International Airport, Tokyo Stock Exchange, Hong Kong Exchange, Hong, Resources, Australian Securities Exchange Locations: Asia, Pacific, Iluka, Japan, Kansai, U.S, Hong Kong

☆ Australia orders Chinese investors to sell down stake in rare earths miner
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: +3 min

Australian Treasurer Jim Chalmers has ordered several China-linked investors to dispose of shares in rare earths miner Northern Minerals on national interest grounds, a spokesperson said on Monday. Northern Minerals is developing the Browns Range heavy rare earths project in Western Australia, at a time when the sector has become increasingly strategic for its uses in green energy and defence. Yuxiao Fund is the Singapore-registered private investment vehicle of Chinese national Wu Yuxiao, Reuters has previously reported. "The decision, based on advice from the Foreign Investment Review Board, is designed to protect our national interest and ensure compliance with our foreign investment framework." Chinese Foreign Minister Wang Yi said on a visit in March that he hoped Australia would ensure its market environment did not discriminate against Chinese business.

Persons: Jim Chalmers, Chalmers, Yuxiao, Wu Yuxiao, Adam Handley, Wu Tao, Ximei Liu, Xi Wang, Nick Curtis, Curtis, Premier Li Qiang, Wang Yi Organizations: Minerals, Northern Minerals, Browns, Sunday, Reuters, Investment, Board, Jinan Yuxiao Group, Stone Resources, Foreign Investment, China, Northern, Premier Locations: China, Western Australia, Yuxiao, Singapore, Jinan, Northern, Australia, Canberra, Beijing

Iluka Resources/Handout viaApril 4 (Reuters) - Six projects outside China, which dominates global rare earth production, plan to extract the critical minerals from waste or byproducts. The projects will produce rare earths that are needed to fuel a green revolution of electric cars and wind turbines while trying to avert the shortages expected in coming years. Below are details of the companies and their projects, in order of output of neodymium and praseodymium (NdPr) oxide, the rare earths most in demand. ENERGY FUELS INC (UUUU.A)The main business of U.S. Energy Fuels is producing uranium, but it has moved into rare earths. VHM LTD (VHM.AX)Australia's VHM Ltd is working on the Goschen mineral sands project, which will also produce rare earths.

Europe and the U.S. are scrambling to wean themselves off rare earths from China, which account for 90% of global refined output. Australia's RMIT University estimates there are 16.2 million tonnes of unexploited rare earths in 325 mineral sands deposits worldwide, while the U.S. Idaho National Laboratory said 100,000 tonnes of rare earths each year end up in waste from producing phosphoric acid alone. That, Adamas says, is equivalent to some 8% of expected demand for the two rare earths, vital for making permanent magnets to power EV and wind turbine motors. Reuters GraphicsReuters GraphicsQUICKER THAN NEW MINESRecovering rare earths from waste is much quicker than setting up new projects from scratch. The company will extract phosphorus for fertiliser, fluorine and gypsum in addition to rare earths.

☆ Goldman Sachs names 3 'conviction list' stocks that could profit from their efforts to go green
▼ + stars: | 2022-12-15 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Stocks identified as "Green Capex Improvers" and "Green Revenue Improvers" beat their sectors by nearly 21% and 15% respectively, Goldman said in a Dec. 7 report. Three stocks Goldman highlighted nine stocks it said have the potential to attract more investments from ESG funds. These are a mix of the so-called "green revenue improvers" and "green capex improvers," and also have "above-average corporate returns." Three of the nine stocks are on the bank's "conviction list," and analysts give them a "buy" rating. LG Chem South Korean firm LG Chem, which produces battery cathodes and electrolytes used in EV batteries, stands to benefit from greater recognition, Goldman said.

☆ Australia to become 'more assertive' on foreign investment in critical minerals
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +2 min

Australia, a major supplier of minerals key to the energy transition like rare earths, has more to gain by encouraging investment from allies to build up its minerals processing industry, Chalmers said at a conference in Sydney. "Foreign investment is a good thing when it’s in our national interest," Chalmers said. "But as investment interest grows, and as the sources of that investment interest grow, we’ll need to be more assertive about encouraging investment that clearly aligns with our national interest in the longer term." The Labor government which took power in May is buttressing Australia's policy to build out a critical minerals processing supply chain. Australia is revising its critical minerals strategy and has been positioning itself as a green superpower, backed by its mineral endowments.

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