XLB State Street Materials Select Sector SPDR ETF
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Olin and Huntsman merge into $12.5B giant, countering rising energy costs
Olin and Huntsman agreed to a merger of equals to form OlinHuntsman Corporation. The combined entity projects 2025 revenues of approximately $12.5 billion....
G7 Leaders Announce Plan to Cut Reliance on Foreign Critical Minerals
G7 leaders, meeting at a summit in France, have committed to a significant reduction in their dependency on non-G7 nations for critical minerals. The agreement...
Olin and Huntsman merge into $12.5B giant, countering rising energy costs
Olin and Huntsman have announced a merger of equals to form OlinHuntsman Corporation. The new entity will generate combined annual revenues of approximately...
Reliance to convert all oil into chemicals, accelerating its green energy transition
Reliance Industries Ltd (RIL) will eventually convert its entire refined oil output into chemicals and new materials. Chairman Mukesh Ambani aims to establish...
Energy Fuels wins $725M U.S. loan, boosting domestic rare earth processing
The U.S. Department of War’s Office of Strategic Capital issued a $725 million conditional loan commitment to Energy Fuels Inc. This funding will scale...
ArcelorMittal and Rivals Demand EU Carbon Reform, Citing 50% Cost Surge
Three major steelmakers—ArcelorMittal Europe, thyssenkrupp Steel, and voestalpine—call for urgent reform of the EU Emissions Trading System (ETS). These...
Olin and Huntsman merge in $12B deal targeting $400M in savings
Olin Corporation and Huntsman Corporation signed a definitive agreement for an all-stock merger of equals. The combined company, OlinHuntsman, will have a...
G7 mineral talks stall, as allies reject US Pentagon AI model
G7 negotiations have stalled over a U.S. proposal to create a Western trading bloc for critical minerals. The initiative aims to reduce reliance on China by...
Saudi Arabia targets $2.5 trillion mining shift, aiming to diversify from oil
Saudi Arabia has launched a strategic initiative to establish itself as a central player in the global mining sector. The Kingdom estimates its domestic...
Freeport-McMoRan signs Indonesia deal, securing long-term Grasberg mine extension
Freeport-McMoRan (FCX) signed a memorandum of understanding (MoU) with the Indonesian government to extend operating rights for the Grasberg mine. This...
FDA Approves BASF's Tinosorb S, The First New UV Filter in the U.S. in 27 Years
On June 12, 2026, the U.S. Food and Drug Administration (FDA) granted approval for Bemotrizinol, a new active ingredient for sunscreens marketed by chemical...
Air Liquide wins Ariane 6 contracts, fueling production through the 42nd flight
Air Liquide and ArianeGroup signed two major contracts for the Ariane 6 rocket's operational phase. These agreements cover critical cryogenic equipment and...
🟢 State Street Materials Select Sector SPDR ETF is trading 3% up today as investors rotate into cyclicals amid a broad market rebound
State Street Materials Select Sector SPDR ETF is trading at $51.09, up 3% as investors rotate back into cyclical stocks during a broad equity market recovery...
Air Liquide launches first cement carbon capture pilot, targeting heavy industry emissions
Air Liquide launched its first industrial-scale carbon capture pilot unit at Holcim's CaptureLab facility. The unit specifically targets emissions within the...
Nucor Hikes Steel Prices to $1,115, Citing Rising Costs and Lower Imports
Nucor Corporation increased its hot-rolled coil (HRC) spot price by $10 per short ton. The new baseline price reaches $1,115 per short ton for most mills. This...
White House cuts machinery tariffs, lowering costs for farmers and builders
New Section 232 tariff adjustments on steel, aluminum, and copper took effect June 8, 2026. These changes will remain in place through December 31, 2027. The...