03
Mar
13:35
CATL divests stake in Australia’s Pilbara Minerals
Chinese battery manufacturer CATL has sold 60.97 million ordinary shares in Pilbara Minerals for AUD 250m ($168.7m), the Australian spodumene concentrate company said Friday.
The substantial holder ceasing notice filed by Pilbara shows the divestment was done via CATL Hong Kong, affecting over 100 of its subsidiaries. The battery giant invested AUD 55m in roughly 183.33m shares in Pilbara in September 2019, and in December 2020 it held around 7% of Pilbara, Kalla…
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Very good overview of the weekly steel market.
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