Electra found a cheap, clean way to purify iron, and it's raising $257M to make it happen [TechCrunch]
Nucor Corporation (NUE)
Last nucor corporation earnings: 4/28 08:00 am
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Source: TechCrunch
The startup has developed a novel method of using electricity to coax pure iron out of low-grade ores, opening the door to cleaner steel. The new funding round, which was disclosed in a regulatory filing , seeks to raise a total of $256.7 million. Iron production today is highly polluting. It's responsible for the vast majority of emissions for steelmaking, which itself generates 7% of the world's carbon emissions. The main process used to make iron today — melting ore in searing-hot blast furnaces driven by burning fossil fuels — has remained largely unchanged for centuries. As the industry has sought to clean up its act, it has started looking for alternatives. Electra 's solution, known as electrowinning, is already used to produce other metals like copper and nickel. Electrowinning uses an electric current to draw a metal out of a liquid solution. The metal gets plated onto an electrode while impurities drop to the bottom of the tank. But adapting electrowinning to iron has
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News
- U.S. Steel (X) Surges 9.5%: Is This an Indication of Further Gains? [Yahoo! Finance]Yahoo! Finance
- 1 Magnificent Dividend King Stock Down 40% to Buy and Hold Forever [Yahoo! Finance]Yahoo! Finance
- US Steel Forecasts Weaker Earnings on ‘Depressed' Prices [Yahoo! Finance]Yahoo! Finance
- Nucor (NUE) Registers a Bigger Fall Than the Market: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at Citigroup Inc. from $240.00 to $160.00. They now have a "buy" rating on the stock.MarketBeat
NUE
Earnings
- 10/21/24 - Miss
NUE
Sec Filings
- 11/22/24 - Form 4/A
- 11/13/24 - Form 4
- 11/12/24 - Form 144
- NUE's page on the SEC website