U.S. Steel Addresses Misinformation; PZG's Grassy Mountain Bond Agreement; Metals Acquisition Warrant Redemption And More: Tuesday's Top Mining Stories
Alcoa and Alumina enter into Amended Scheme of Implementation DeedAllan Gray Australia reiterates support of the TransactionTransaction remains on schedule for completion in the third quarter 2024Alcoa Corp. (NYSE:AA)
The Biden administration unveils targeted tariffs on Chinese goods, including electric vehicles and semiconductors, to safeguard American jobs. Lael Brainard stresses the move's necessity to counter China's unfair trade practices and bolster domestic industries. With tariffs affecting $18 billion worth of imports, strategic sectors like aluminum, steel, and critical minerals are prioritized, aligning with key legislative goals.
Alcoa Corp. reported Q1 results with a slight revenue beat. Morgan Stanley upgraded Alcoa's rating to Equal-Weight with a $36.50 target price. The company is making progress in cost saving measures and may benefit from IRA tax credits.