Cleveland-Cliffs to manufacture rare earths in the US
In a recent discussion, major U.S. steel manufacturers are looking to enhance domestic production of rare earth minerals. This move seems to be a reaction to China’s increasing control over these resources amidst ongoing trade tensions, particularly with the previous Trump administration. Cleveland-Cliffs, a prominent steel producer based in Ohio, made an announcement regarding this […]
Cleveland-Cliffs announces layoffs of 600 Michigan plant workers
Penn Mutual Asset Management CIO Mark Heppenstoll focuses on the latest move by President Donald Trump to impose a 25% tariff on car imports into the US Steelmaker Cleveland-Cliffs announced this week that it would ignite one of its production plants and fire around 600 workers, citing soft demand for steel used in automobile manufacturing. […]
Stocks making the biggest moves after hours: Whirlpool, F5, Cleveland-Cliffs and more – CNBC
Let’s check out the companies that are becoming a hot topic for after-hours trading. WOODWARD — Shares rose 5% as the company beat analysts surveyed by FactSet’s expectations in both areas for the fiscal first quarter. Woodward also raised his guidance for full-year results, providing a range that included FactSet’s consensus forecast. Sanmina — The […]