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LUMI - Lundin Mining News Story

SEK101 -2.3  -2.2%

Last Trade - 5:00pm

Sector
Basic Materials
Size
Large Cap
Market Cap £6.42bn
Enterprise Value £6.81bn
Revenue £1.66bn
Position in Universe 118th / 1835

BUZZ-U.S. energy secretary's comments on EV minerals boost miners

Wed 10th March, 2021 3:42pm
** Shares of companies that mine metals for use in electric
vehicle (EV) gain on U.S. Secretary of Energy Jennifer
Granholm's comments
    ** Granholm said the United States needs to boost domestic
production of the minerals used to make electric vehicles, so
long as it is done sustainably  urn:newsml:reuters.com:*:nL1N2L72PX
    ** Both lithium and cobalt markets have jumped back to life
in 2021, with prices rallying hard in January and February,
helped by a resurgent EV sector, while Nickel, the third player
in this battery trio hit a seven-year high of $20,110 per tonne
last month  urn:newsml:reuters.com:*:nL1N2L71FS
    ** President Joe Biden signed an executive order last month
requiring greater coordination among federal agencies on supply
chain issues, but many environmentalists have vowed to oppose
new U.S. mines  urn:newsml:reuters.com:*:nL3N2KZ50D
    ** U.S lithium miners Albemarle  ALB.N  ,Lithium Americas
 LAC.TO   LAC.N , Livent LTHM.N>, climb between ~1% and 6.65%  
    ** Shares of uranium miners Ur-Energy Inc  URG.A , Uranium
Energy Corp  UEC.A  and Energy Fuels  UUUU.A  up between 2.35%
and 5.22%
    ** Nickel miners Talos Energy Inc  TALO.N  ,Lundin Mining
Corp  LUN.TO , Freeport-McMoRan  FCX.N  climb between 1% and
2.25% 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))
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