Latest news with #Neodymium
Business Wire
2 days ago
- Business
- Business Wire
Cyclic Materials Announces USD $25M Investment to Establish Centre of Excellence for Rare Earth Recycling in Kingston, Ontario
TORONTO--(BUSINESS WIRE)--Cyclic Materials, the advanced recycling company building a circular supply chain for rare earth elements (REEs), today announced a USD $25 million investment to launch North America's first Centre of Excellence for rare earth recycling in Kingston, Ontario, which will result in 45 new skilled jobs in the region. Spanning over 140,000 square feet, the first-of-its-kind facility will serve as Cyclic's industrial and innovation backbone, combining full-scale commercial processing and cutting-edge research and development (R&D) to address one of the world's most pressing supply chain challenges: the resilient sourcing of rare earth elements for use in permanent magnets. A Strategic Facility Serving a Circular Future The Kingston Centre of Excellence will house Cyclic Materials' first commercial 'Hub' processing unit, leveraging the company's proprietary REEPure SM technology. The facility is designed to convert 500 tonnes of magnet-rich feedstock annually into recycled Mixed Rare Earth Oxide (rMREO)—a product containing crucial components for permanent magnets used in EV motors, wind turbines, and consumer electronics such as Neodymium, Praseodymium, Terbium, and Dysprosium. Feedstock for this facility will be sourced from both Cyclic's Arizona-based 'Spoke', where end-of-life products will be processed, as well as a growing network of partners supplying magnet scrap from production. With operations set to begin in Q1 2026, rMREO from this facility will supply key partners within the magnet value chain, like Solvay, with whom Cyclic Materials signed an offtake agreement in 2024, providing a secondary resource of critical rare earth elements. The site will also house a state-of-the-art R&D center, including advanced labs and a mini-Spoke line, to accelerate process optimization and scale next-generation technologies across the rare earth value chain. Breaking Global Dependency with Local Innovation Today, less than 1% of rare earth elements are recycled, and global supply chains remain highly sensitive to growing geopolitical tensions and supply concentration. Cyclic Materials' proprietary MagCycle℠ and REEPure℠ technologies recover REEs from end-of-life products such as EVs, wind turbines, and data center hard drives—delivering a low-footprint, circular alternative to mining and a fast track to domestic supply security. 'With this Centre of Excellence, we're advancing our core mission: to secure the most critical elements of the energy transition through circular innovation,' said Ahmad Ghahreman, CEO of Cyclic Materials. 'Kingston is where Cyclic began—and now it's where we're anchoring our commercial future.' Kingston: The Cornerstone for the Next Generation of Cleantech Kingston has played a foundational role in the company's success—home to its commercial demonstration facilities and a deep bench of collaborators in research, engineering, and cleantech. The Centre of Excellence will build on robust partnerships with Queen's University, Kingston Process Metallurgy (KPM), RXN Hub, and Impact Chemistry, as well as support from national innovation programs including CMRDD (Critical Minerals Research, Development and Demonstration) from Natural Resources Canada, Sustainable Development Technology Canada (SDTC), and the National Research Council's Industrial Research Assistance Program (IRAP). The facility is expected to create over 45 highly qualified new jobs, with more than 20 hires already onboard. Recruitment has already started with key roles for plant operators, process technicians, and innovation staff. "We are thrilled to see Cyclic Materials' significant investment to establish their Centre of Excellence and Hub in Kingston, Ontario. This announcement not only creates high-quality jobs in the community but is a reflection of the expertise, talent, and supportive ecosystem Kingston has to offer companies,' said Shelley Hirstwood, Director of Business Development at Kingston Economic Development Corporation. 'We are proud to support Cyclic Materials' efforts to create a circular supply chain addressing Canada's critical minerals and rare earth elements." Scaling a North American Rare Earth Recycling Network This investment marks a pivotal step in Cyclic Materials' broader plan to scale its rare earth recycling infrastructure across North America and Europe. With strategic alliances including Solvay, Glencore, Lime, and Sims Lifecycle Solutions, the company is building a resilient, sustainable, and circular ecosystem for rare earth magnets—supporting the electrification of industries and the secure supply of critical materials. About Cyclic Materials Cyclic Materials, founded in 2021, is a cleantech company building a circular supply chain for rare earth elements (REEs) and other critical materials essential to the clean energy transition. Its innovative technology transforms end-of-life products into valuable raw materials used in EVs, wind turbines, and electronics. In 2023, the company launched a commercial demo facility using its MagCycle℠ process to recover rare earth magnets. In 2024, it opened a second facility in Kingston, Ontario, producing Mixed Rare Earth Oxide via its REEPure℠ hydrometallurgical process. With demand for REE-based magnets surging, Cyclic Materials is scaling globally across North America, Europe, and Asia. Mesa, Arizona, is its first U.S. location. In recognition of its pioneering work, it was named the #8 Most Innovative company in North America by Fast Company in 2025. Learn more at
Yahoo
2 days ago
- Business
- Yahoo
Vertiv Holdings Co (NYSE:VRT) Unveils AI-Ready Cooling Architecture For NVIDIA GB300 NVL72 Platform
Vertiv Holdings Co recently introduced an energy-efficient 142kW cooling and power reference architecture for the NVIDIA GB300 NVL72 platform, which aligns with broader trends driving technology innovation in data centers. Over the past quarter, Vertiv's stock price rose by 27%, a significant move partially supported by this product release. This rise contrasted with a more modest market uptick where indices like the S&P 500 and Nasdaq saw less dramatic increases, buoyed by benign inflation data and easing U.S.-China trade tensions. Vertiv's innovative strategies clearly supported its positive stock performance during this period. We've identified 2 possible red flags with Vertiv Holdings Co and understanding the impact should be part of your investment process. The latest GPUs need a type of rare earth metal called Neodymium and there are only 24 companies in the world exploring or producing it. Find the list for free. Vertiv Holdings Co's recent introduction of energy-efficient cooling and power solutions aligns well with its strategic focus on AI and data centers, potentially boosting future revenue and earnings. Over a remarkable three-year period, Vertiv's total shareholder return was very large at 1062.27%, reflecting favorable investor sentiment and strong business execution. Despite posting a compelling annual return, Vertiv shares underperformed the US Electrical industry, which saw a 24% increase over the past year. However, Vertiv has outpaced the broader US market, which returned 12.8% over the same period, underlining its robust performance. The collaboration with NVIDIA is likely to reinforce Vertiv's growth trajectory by catalyzing revenue growth through AI infrastructure projects. Analysts forecast a significant upward trend, with revenues expected to rise to approximately $12.2 billion by 2028. While the company's current share price is US$93.48, it remains below the consensus price target of US$108.14, indicating potential room for upside as the market adjusts to revised forecasts. Gain insights into Vertiv Holdings Co's future direction by reviewing our growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:VRT. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
General Mills (NYSE:GIS) Launches Festive Ornaments To Capture Holiday Spirit
General Mills announced a partnership with Old World Christmas to produce nine new ornaments inspired by its popular brands such as Cinnamon Toast Crunch and Pillsbury Doughboy. This collaboration aims to tap into consumer nostalgia during the holiday season, potentially enhancing brand engagement. Despite the excitement, the company's stock remained largely flat over the past week. This aligns with broader market trends, where indexes like the Dow and Nasdaq also experienced minimal movement following their recent rallies. Such brand initiatives could add positive sentiment but did not significantly impact General Mills' share performance during the period. Every company has risks, and we've spotted 2 possible red flags for General Mills (of which 1 is a bit concerning!) you should know about. The latest GPUs need a type of rare earth metal called Neodymium and there are only 23 companies in the world exploring or producing it. Find the list for free. The partnership between General Mills and Old World Christmas could potentially reinforce brand loyalty and foster engagement through consumer nostalgia. While recent short-term movements in its stock remain flat, it's essential to analyze the longer-term performance for context. Over the past five years, General Mills' total shareholder return, inclusive of share price and dividends, stood at 7.79%. When examining performance relative to the market, General Mills underperformed the U.S. Food industry and broader market over the past year. The introduction of branded ornaments is unlikely to dramatically alter revenue and earnings forecasts immediately. The initiative is more aligned with long-term brand enhancement strategies rather than near-term financial impact. With General Mills focusing on reinvestment and innovation amidst challenges like potential Yoplait business closure, revenue growth may still face some pressure. Analysts project a revenue decline and contracting margins which could influence future earnings projections. Regarding price movement, General Mills currently trades at US$58.06, close to the consensus analyst price target of US$62.48. This slight premium suggests that the market perceives the stock to be fairly valued relative to its longer-term growth potential. Investors are advised to compare this target with their expectations, as the shares remain attractive in certain valuation metrics, such as the Price-To-Earnings ratio relative to both the industry and its peers. Examine General Mills' past performance report to understand how it has performed in prior years. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:GIS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
14-05-2025
- Business
- Yahoo
American Water Works Company (NYSE:AWK) Reports 8% Dividend Increase
American Water Works Company recently reported its first-quarter results and declared an 8% dividend increase, both of which align with robust performance metrics. The company saw a quarterly sales increase to $1,142 million and net income growth to $205 million. These events likely supported the company's 7% stock price rise over the last quarter, further boosted by an optimistic earnings guidance for 2025. Although the broader market rose 4% during the same period, American Water's significant earnings and dividend growth provided additional momentum to its share price performance. Be aware that American Water Works Company is showing 2 warning signs in our investment analysis and 1 of those is concerning. The latest GPUs need a type of rare earth metal called Neodymium and there are only 23 companies in the world exploring or producing it. Find the list for free. The first-quarter results and dividend increase reported by American Water Works Company (NYSE:AWK) may bolster investor confidence, as these developments underline strong financial performance. The 8% boost in dividends aligns with the company's aim for consistent growth, which, together with a 7% rise in share price over the last quarter, indicates positive momentum. However, with a consensus price target of US$142.70 and the current share price at US$149.20, the stock appears modestly overvalued by 4.6% according to analyst projections. Over a five-year period, American Water Works achieved a total shareholder return of 22.23%, reflecting both capital gains and dividends, and demonstrating the company's ability to generate returns. While the company underperformed the broader US market's 11.6% gain in the past year, AWK's earnings growth of 11.7% matched that of the Water Utilities industry. The recent earnings announcement could influence future revenue and earnings projections positively. The company's focus on infrastructure investments and favorable regulatory conditions may support its revenue growth, with earnings expected to climb to US$1.3 billion by 2028. Despite these prospects, the company's forecast price-to-earnings ratio remains higher than the industry's average, suggesting cautious optimism among analysts. Unlock comprehensive insights into our analysis of American Water Works Company stock in this financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:AWK. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
Valero Energy (NYSE:VLO) Declares US$1.13 Quarterly Dividend Per Share
Valero Energy recently announced a regular quarterly cash dividend of $1.13 per share, affirming its commitment to returning value to shareholders. This development coincided with a price move of 12% over the past month. During the same period, the company reported a net loss of USD 595 million for the first quarter which, along with ongoing stock buybacks, likely influenced the stock's performance. These company-specific events played out against a backdrop of mixed market movements, as investors awaited key macroeconomic decisions and trade talks between the U.S. and China, collectively adding context to Valero's market activity. We've discovered 3 warning signs for Valero Energy that you should be aware of before investing here. NYSE:VLO Earnings Per Share Growth as at May 2025 The latest GPUs need a type of rare earth metal called Neodymium and there are only 23 companies in the world exploring or producing it. Find the list for free. The recent announcement of Valero Energy's US$1.13 per share quarterly dividend underscores its intention to reward shareholders, a move possibly influencing its recent 12% share price surge. The company's strong focus on shareholder returns aligns with its broader financial strategy, even as it navigates a challenging quarter with a net loss of USD 595 million. Over the past five years, Valero's total return, which includes share price appreciation and dividends, achieved approximately 127.95%, highlighting its robustness amidst market fluctuations. Compared to the broader US Oil and Gas industry, which saw a return of negative 10.2% over the past year, Valero underperformed, emphasizing the sector's mixed performance amidst macroeconomic uncertainties and regulatory challenges. The divergence in short-term performance compared to the five-year growth trajectory may reflect investor apprehensions over immediate operational hurdles and market dynamics. The potential impacts of Valero's refinery optimization projects, alongside renewable diesel sector challenges, are crucial for understanding revenue and earnings forecasts. The St. Charles SEC unit upgrade is poised to enhance high-value product yields by 2026, potentially aiding future earnings growth. Despite immediate losses, Valero's commitment to optimizing operations and product output could sustain its revenue and margin projections amidst tight supply-demand balances favoring refining economics. As for share price valuation, the current price at US$115.52 shows an 18.2% discount to the analyst consensus price target of US$141.25, indicating a potential upside. Analysts anticipate slight declines in revenue yet foresee substantial profit margin expansion, with future earnings potentially justifying this target through improved operational efficiencies and strategic market positioning.
