From Nasdaq OMX Group:

1. Alcoa Corporation (NYSE: AA) will fully curtail production at its Kwinana Alumina Refinery in Western Australia starting in the second quarter of 2024, reducing its workforce from 800 to 250 by Q3. This decision is expected to bring $70 million annual improvements but will result in restructuring charges of $180 to $200 million in Q1.

2. Hycroft Mining Holding Corporation (NASDAQ: HYMC) released phase 2 drill results at the Hycroft Mine in Nevada, confirming high-grade silver veins and identifying two new trends of continuous high-grade silver. These findings, including areas of very high-grade silver up to 2000 g/t, pave the way for further drilling to explore these trends.

3. ZK International Group Co., Ltd. (NASDAQ: ZKIN) will expand into Southeast Asia and the Middle East to meet the rising demand for sustainable infrastructure. Chairman Jiancong Huang expressed excitement about entering these regions, intending to bring their expertise, technology, and sustainable solutions to contribute to the development of these markets.



Read more: Alcoa Cuts Australian Output; Hycroft Discovers High-Grade Silver; ZK International Enters Southeast Asia, Middle East