Automakers and steelmaking companies have shown interest in the technology, according to Gerard Barron.

Coal use in the US power market is set to decline for a second year in succession.

The Ohio-based company is North America’s largest flat-rolled steel producer and controls a vast network of mines and shipping lanes on the Great Lakes carrying iron ore.

Both deals — if completed — would rank among the top 10 biggest takeovers of metals producers.

World’s top 50 mining companies build on gains in the first quarter of 2023, but remain well below valuations this time last year as M&A fever grips the sector.

The Texas-based company is developing a more efficient method to extract lithium from salt flats.

Newmont has raised its buyout offer by 16% to A$32 billion.

The Southeast Asian country has been trying to leverage its nickel reserves to attract investment from battery and EV makers.