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Grafa

US ITC blocks 170% tariffs on Chinese AAM sought by Syrah

Syrah Resources notes the US International Trade Commission reached a final negative determination regarding antidumping and countervailing duty investigations into Chinese active anode material.

The ruling means aggregate duty rates of between 160% and 170% determined by the US Department of Commerce will not be imposed on imports from China.

Leia mais: US ITC blocks 170% tariffs on Chinese AAM sought by Syrah
Grafa
Mining

Enterprise Metals hits high-grade REE at Cuddingwarra North

Enterprise Metals has announced high-grade assay results from its maiden reverse circulation (RC) drilling program at the Cuddingwarra North rare earth element (REE) project in Western Australia.

The 14-hole program targeting the Emily Well prospect saw 13 holes intersect total rare earth oxides (TREO) above 300ppm, with 10 holes exceeding 400ppm.


Leia mais: Enterprise Metals hits high-grade REE at Cuddingwarra North
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Mining

Rio Tinto suspends Kennecott operations after fatal incident

Rio Tinto has halted all mining operations at its Kennecott site in Utah following the death of a contract employee on Thursday.

The fatal incident occurred at the Bingham Canyon Mine, prompting an immediate suspension of both surface and underground activities to allow for a full investigation.

Leia mais: Rio Tinto suspends Kennecott operations after fatal incident
Grafa

Qantas settles flight credit class action for $105 million

Qantas has reached an agreement to pay $105 million to settle a class action regarding flight credits issued during the Covid pandemic.

The settlement resolves a legal challenge commenced in August 2023 involving flights scheduled to depart between January 2020 and November 2022 that were cancelled by the carrier.


Leia mais: Qantas settles flight credit class action for $105 million
Grafa

Collins Foods settles employee class action for $9 million

Collins Foods has entered a binding Heads of Agreement to settle a class action regarding 10-minute rest breaks for up to $9 million.

The legal proceedings, which commenced in December 2023, involved claims from employees against the company and several other respondents regarding workplace entitlements.

Leia mais: Collins Foods settles employee class action for $9 million
Bloomberg

Oil at $120 or $130 Could Trigger a Recession, Hooper Says

Man Group Chief Market Strategist Kristina Hooper is worried about how high energy costs are impacting consumers. She says oil at $120 or $130 could trigger a recession in the US. She speaks on Bloomberg The Close. Brent crude settled above $100 a barrel Thursday for the first time since August 2022.

Leia mais: Oil at $120 or $130 Could Trigger a Recession, Hooper Says