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Critical Metals Shares Surge 40% After Expanding Rare Earth Mining Position In Greenland
Critical Metals Shares Surge 40% After Expanding Rare Earth Mining Position In Greenland
Critical Metals Corp. shares have surged as much as 45% in trading today after the company significantly expanded its position in Greenland’s Tanbreez rare earth project, tightening its grip on a resource it sees as central to a US-friendly supply chain, according to Bloomberg.
It marks the biggest intraday gain in half a year and lifting the company’s valuation to roughly $1.7 billion.
According to documents reviewed by Bloomberg, the firm raised its ownership to 92.5% by purchasing the...
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QatarEnergy Declares ForceMajeure For LNG Shipments Through May, Representing As Many As 90 Cargoes
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The already dismal LNG supply situation just got worse.
With up to 20% of global LNG flows shuttered due to the ongoing blockade of the Hormuz Strait and the extensive damage of Qatar LNG infrastructure, QatarEnergy has declared force majeure on some of its long-term liquefied natural gas (LNG) supply contracts, including for customers in Italy, Belgium, South Korea and China, effectively canceling contractual obligations. That would represent as many as 90 cargoes according to Bloomberg.
The move on...
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