Category Archives: Metals and Minerals

Metals and Minerals Press Releases & News distributed via EuropaWire

Outokumpu Completes Share Repurchase Program, Acquiring 195,429 Shares; Total Treasury Shares Now at 29,493,887

(IN BRIEF) On January 23, 2024, Outokumpu successfully concluded its share repurchase program, acquiring a total of 195,429 of its own shares across different trading venues at weighted average prices ranging from EUR 3.955 to EUR 3.9669 per share, resulting … Read the full press release

EIB and NIB Commit €371 Million for H2 Green Steel’s Revolutionary Low-Carbon Plant

(IN BRIEF) The European Investment Bank (EIB) and the Nordic Investment Bank (NIB) have joined forces to provide €371 million in financing for H2 Green Steel’s groundbreaking steel plant project in Boden, Sweden. Backed by the European Union’s InvestEU program, … Read the full press release

Pioneering Green Steel Project in Sweden Attracts Significant Investment from European Banks

(IN BRIEF) H2 Green Steel, a Swedish company, has secured significant financial support from the European Investment Bank (EIB) and the Nordic Investment Bank (NIB) for its pioneering green steel project in Northern Sweden. This project aims to revolutionize the … Read the full press release

Outokumpu’s Share Repurchase Program Nets Over 244,000 Acquired Shares

(IN BRIEF) Outokumpu has successfully concluded its share repurchase program, acquiring a total of 244,303 of its own shares across various trading venues at a weighted average price of EUR 3.99 per share, amounting to a total cost of EUR … Read the full press release

Outokumpu’s Shareholders’ Nomination Board Proposes Board Composition and Remuneration Changes for AGM 2024

(IN BRIEF) Outokumpu Oyj’s Shareholders’ Nomination Board has put forth several proposals for the Annual General Meeting in 2024. The board suggests re-electing the current eight members of the Board of Directors, with Kari Jordan as Chairman and Kati ter … Read the full press release

Outokumpu Successfully Acquires 184,718 Shares in Share Repurchase Program

(IN BRIEF) On January 18, 2024, Outokumpu successfully concluded its share repurchase program, acquiring a total of 184,718 of its own shares across various trading venues at an average price of EUR 4.03 per share. This initiative was part of … Read the full press release

Outokumpu Concludes Change Negotiations, Temporarily Restricts Ferrochrome Production

(IN BRIEF) Outokumpu has successfully concluded its change negotiations, which involved the temporary restriction of ferrochrome production at its facilities in Tornio, Finland. This decision entails the closure of one ferrochrome furnace and one sintering plant until autumn 2024. Initially … Read the full press release

Outokumpu Completes Share Buyback Program, Acquiring 281,802 Treasury Shares

(IN BRIEF) On January 17, 2024, Outokumpu, a Finnish stainless steel manufacturer, successfully concluded its share buyback program, repurchasing a total of 281,802 of its own shares across various trading venues. The company had initiated the program on November 29, … Read the full press release

Copper Giant Outokumpu Completes Repurchase of 254,118 Shares Worth EUR 1 Million

(IN BRIEF) On January 16, 2024, Outokumpu announced the completion of its share repurchase program, which included the acquisition of 254,118 of its own shares across various trading venues. The weighted average price per share was approximately 4.09 EUR, resulting … Read the full press release

Baltic Power Offshore Wind Farm to Pioneeringly Use Low-Emission Steel for Turbines, Reducing Carbon Footprint by 10%

(IN BRIEF) The Baltic Power offshore wind farm, a collaboration between ORLEN Group and Northland Power, is set to become the world’s first to construct wind turbines using low-emission steel produced predominantly from recycled materials in an electric arc furnace … Read the full press release

Hydro Expands Commitment to Green Transition with First Suppliers Hub Membership

(IN BRIEF) Hydro, a leader in low-carbon aluminum production, has joined the First Suppliers Hub, a tool launched at the World Economic Forum’s annual meeting in Davos. The hub streamlines the transition from climate commitments to action for companies dedicated … Read the full press release

Outokumpu Completes Share Repurchases, Holding Over 28 Million Treasury Shares

(IN BRIEF) On January 15, 2024, Outokumpu announced the completion of its share repurchase program, where it repurchased its own shares across different trading venues. The total cost of these repurchases amounted to EUR 453,926.84. This program was initiated in … Read the full press release

Saudi Arabia’s Lithium Chemicals Plant Gains Technical Expertise Through EVM-Metso Partnership

(IN BRIEF) EV Metals Group (EVM), a global battery chemicals and technology company, has entered a technical partnership agreement with Metso to develop a Lithium Chemicals Plant (LCP) in Saudi Arabia. The partnership aims to utilize Metso’s technical expertise and … Read the full press release

Outokumpu Completes Share Repurchase Program, Acquiring Over 144,000 Shares

(IN BRIEF) On January 12, 2024, Outokumpu successfully concluded its share repurchase program, acquiring a total of 144,091 of its own shares from various trading venues at an average price of EUR 4.09 per share, totaling EUR 588,853.23. This buyback … Read the full press release

Outokumpu Completes Share Repurchases, Totaling 223,307 Shares and Nearing Program Limit

(IN BRIEF) On January 11, 2024, Outokumpu announced the successful completion of its share repurchase program, buying back a total of 223,307 of its own shares across various trading venues at a weighted average price of EUR 4.04 per share, … Read the full press release

Hydro Tests Emission-Free Plasma Technology to Revolutionize Aluminium Production

(IN BRIEF) Hydro, a leading aluminium producer, is making significant strides in its quest to achieve zero CO2 emissions in aluminium production. The company is testing emission-free plasma technology in its Sunndal casthouse, aiming to electrify the energy-intensive aluminium remelting … Read the full press release

Outokumpu and Metalshub Join Forces to Revolutionize Raw Material Procurement

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel production, is expanding its partnership with Metalshub, a leading raw material procurement solution provider, to digitize its raw material sourcing operations. The collaboration aims to enhance supply chain traceability and … Read the full press release

Outokumpu Completes Share Repurchase Program with 189,732 Shares Bought Back

(IN BRIEF) Outokumpu has successfully concluded its share buyback program, which began on November 29, 2023, by repurchasing a total of 189,732 of its own shares across various trading venues. The buyback program, approved by the Board of Directors, had … Read the full press release

Hydro Reduces Carbon Footprint of Hydro CIRCAL Recycled Aluminum to 1.9 kg CO2e/kg

(IN BRIEF) Hydro has achieved a significant reduction in the carbon footprint of its Hydro CIRCAL recycled aluminum, lowering it to 1.9 kg of CO2e/kg aluminum from the previous 2.3 kg of CO2e/kg. This achievement is the result of advancements … Read the full press release

EcoDataCenter Adopts Recycled Steel Heat Exchangers to Slash Data Center Carbon Emissions

(IN BRIEF) EcoDataCenter, a leading sustainable data center provider, is set to make an industry-first move by deploying Alfa Laval heat exchangers made from recycled steel produced without new CO2 emissions from SSAB. This collaboration marks a significant step towards … Read the full press release

Outokumpu Completes Share Buyback Program with Over 268,000 Shares Repurchased

(IN BRIEF) Outokumpu has successfully completed its share buyback program, acquiring a total of 268,245 of its own shares across various trading venues at an average price of EUR 4.11 per share, amounting to a total cost of EUR 1,102,228.22. … Read the full press release

Outokumpu Boosts Treasury Holdings to 26.7 Million Shares Through Share Repurchase Initiative

(IN BRIEF) Outokumpu, a stainless steel manufacturer, has successfully completed a share repurchase program, acquiring 184,454 of its own shares from various trading venues. The program, which was announced on November 29, 2023, allows for a maximum of 11 million … Read the full press release

PERUMIN Event Highlights Financial Inclusion for Artisanal and Small-Scale Miners in Peru

(IN BRIEF) Solidaridad, planetGOLD Peru, and the Ministry of Energy and Mines of Peru organized a panel at the PERUMIN event to emphasize the importance of financial inclusion in the artisanal and small-scale mining (ASM) sector. The event aimed to … Read the full press release

Outokumpu Successfully Concludes Share Repurchase Program, Acquiring 268,446 Shares

(IN BRIEF) Outokumpu, a prominent stainless steel producer, has successfully completed its share repurchase program, which began on November 29, 2023, and concluded on January 3, 2024. Authorized by the Board of Directors under the mandate of the Annual General … Read the full press release

Norsk Hydro ASA Share Buyback Program: Over 14 Million Shares Repurchased

(IN BRIEF) Norsk Hydro ASA provides an update on its ongoing share buyback program, which began on September 22, 2023, and is scheduled to conclude on February 29, 2024. The company reports transactions, including the number of shares repurchased and … Read the full press release

Outokumpu Deepens Commitment to Clean Energy, Bolsters Stake in Rajakiiri Wind Farm

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel production, is taking steps to reduce its carbon footprint and enhance energy self-sufficiency. The company has invested further in the Rajakiiri wind farm in Tornio, Finland, increasing its ownership to … Read the full press release

Outokumpu Achieves Milestone in Share Repurchase, Now Holds Over 26 Million Treasury Shares

(IN BRIEF) Outokumpu, a prominent global stainless steel producer, has successfully completed its share repurchase program, which began on January 2, 2024. The company repurchased its own shares across various trading venues, totaling 239,035 shares at an average price of … Read the full press release

Outokumpu Completes Share Repurchases, Holds 25.9 Million Treasury Shares

(IN BRIEF) On December 28, 2023, Outokumpu concluded its share repurchase program, acquiring a total of 169,699 of its own shares across various trading venues. The buyback program, which had a maximum limit of 11 million shares and was authorized … Read the full press release

Outokumpu Completes Share Repurchase, Adding 158,885 Treasury Shares

(IN BRIEF) On December 27, 2023, Outokumpu finalized its share repurchase program, acquiring its own shares as per the following breakdown: 58,492 shares on CEUX at a weighted average price of EUR 4.5323 per share, 99,377 shares on XHEL at … Read the full press release

SSAB AB Repurchases 1.8 Million Shares as Part of Capital Structure Adjustment

(IN BRIEF) Between December 18 and 22, 2023, SSAB AB (publ) has repurchased a total of 1,848,850 of its own shares, consisting of 466,854 shares of series A and 1,381,996 shares of series B. This buyback is part of a … Read the full press release

Outokumpu Completes Repurchase of 156,771 Own Shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) On December 22, 2023, Outokumpu successfully concluded the repurchase of its own shares in accordance with its share buyback program, as previously announced on November 29, 2023. The program, authorized by the Annual General Meeting, allows for the … Read the full press release

Norsk Hydro ASA’s Share Buyback Program Doubles Owned Shares, Now Holds 1.42% of the Company’s Total

(IN BRIEF) Norsk Hydro ASA has provided an update on its share buyback program, which commenced on September 22, 2023, and is scheduled to conclude on February 29, 2024. The program’s recent transactions include the purchase of 75,309 shares on … Read the full press release

Global Steel Giant ArcelorMittal Engages dss+ for Company-Wide Safety Audit

(IN BRIEF) ArcelorMittal, a prominent global steel and mining company, has announced its collaboration with dss+, a leading sustainable operations management consulting service, to conduct a comprehensive safety audit across the company. The decision to undertake this company-wide audit aligns … Read the full press release

EBRD Supports Turkish Metal Casting Company Kutes in Transition to Sustainable Energy with Risk-Sharing Agreement

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is partnering with Türkiye Sinai Kalkinma Bankasi (TSKB), a development bank, to support Kutes, a prominent Turkish metal casting company, in its shift toward sustainable energy practices. TSKB is providing … Read the full press release

Outokumpu Acquires EUR 765,290 Worth of Its Own Shares in Buyback Program

(IN BRIEF) Finnish stainless steel manufacturer Outokumpu has concluded its share repurchase program, acquiring a total of 169,994 of its own shares across various trading venues at an average price of EUR 4.5 per share. The program, which had been … Read the full press release

Outokumpu Completes Share Repurchase Program, Acquiring 163,476 Shares to Strengthen Financial Position

(IN BRIEF) Outokumpu has completed the repurchase of its own shares as part of a share buyback program announced on November 29, 2023. The company repurchased a total of 163,476 shares on December 15, 2023, at a weighted average price … Read the full press release

Outokumpu to Invest EUR 30 Million in Biocoke Pelletizing Plant for Green Steel Production in Tornio, Finland

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel production, is investing approximately EUR 30 million in a pelletizing plant for biocoke in Tornio, Finland, with production set to start in mid-2025. The move aims to reduce direct emissions … Read the full press release

Outokumpu Completes Share Repurchase Program, Acquiring 157,620 Treasury Shares

(IN BRIEF) Outokumpu has successfully completed its share repurchase program, acquiring a total of 157,620 treasury shares across multiple trading venues at an average price of EUR 4.46 per share. The program, announced on November 29, 2023, allowed for the … Read the full press release

Outokumpu Unveils Share-Based Programs for 2024–2026 with Focus on Sustainability and Performance

(IN BRIEF) Outokumpu’s Board of Directors has approved the initiation of the company’s share-based programs, the Performance Share Plan (PSP) and Restricted Share Pool (RSP), for the period spanning from 2024 to 2026. These programs will commence at the beginning … Read the full press release

Outokumpu, ZWILLING, and STAHL KREBS Collaborate to Reduce Carbon Footprint of Stainless Steel Knives

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, has partnered with ZWILLING, a leading supplier of high-quality kitchen products, and steel trading company STAHL KREBS to reduce the carbon footprint of stainless steel knives. The collaboration involves the … Read the full press release