Shell plc announces the sale of its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture between Chandra Asri and Glencore, as part of its strategic business optimization. The agreement includes the transfer of all assets and contracts, enhancing CAPGC's position in the global market.
Multinational miner BHP's bid for Anglo American may not be enough as other miners are likely to make rival bids for copper assets. Global demand for copper is expected to increase for clean energy.
Indonesia's new president, Prabowo Subianto, will likely continue policies that have led to a global nickel price slump, causing concern for other nickel miners. However, he may also focus on advancing nickel processing for electric vehicle production.
Sale of majority stake to Glencore at implied enterprise value of US$9.0 billion on a 100% basisMinority sale to Nippon Steel CorporationProceeds will be used to strengthen Teck's balance sheet, return cash to