Shares in Technology Minerals PLC surged 273% following its subsidiary Recyclus Group's offtake agreement with Glencore PLC for black mass, a material derived from spent lithium-ion batteries. This deal, starting with a 100-tonne trial, marks a significant milestone in the battery recycling market, supporting sustainable practices as demand for recycled materials grows amid the electrification shift. Glencore's broader strategy includes partnerships to enhance its battery recycling capabilities, reflecting the increasing competition and necessity for sustainable sourcing in the industry.
Shares in Technology Minerals PLC surged 273% following its subsidiary Recyclus Group's offtake agreement with Glencore PLC for black mass, a material derived from spent lithium-ion batteries. This deal, starting with a 100-tonne trial, marks a significant milestone in the battery recycling market, supporting sustainable practices as demand for recycled materials grows amid the electrification shift. Glencore's broader strategy includes partnerships to enhance its battery recycling capabilities, reflecting the increasing competition and importance of securing critical metals from recycled sources.
UBS AG has maintained a "Sell" rating for K+S, setting a target price of 10 euros. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could lead to increased gas exports to Europe, significantly lowering gas prices, which would benefit companies like BASF, Covestro, and Lanxess.
UBS has maintained a "Neutral" rating for Covestro, setting a target price of 62 euros. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could lead to increased gas exports to Europe, significantly lowering gas prices, which would benefit companies like Covestro, BASF, and Lanxess.
UBS AG maintains a "Buy" rating for Symrise shares with a price target of €138, despite a recent 0.5% decline to €102.25. Analyst Geoff Haire notes that a potential ceasefire in Ukraine could lower gas prices, benefiting companies like BASF and Covestro, while Symrise's stock has risen 3.7% since the start of 2024. Q4 2024 results are set to be released on March 27, 2025.
UBS has maintained a "buy" rating for Air Liquide with a target price of 195 euros. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could lower gas prices significantly, benefiting companies like BASF, Covestro, Lanxess, and Yara in the European chemical sector.
UBS AG maintains a "Neutral" rating on Bayer shares with a target price of 22 euros, as the company faces a 40.1% decline since early 2024. Analyst Geoff Haire notes that a potential ceasefire in Ukraine could lower gas prices, benefiting the chemical sector. Bayer's shares rose 0.3% to EUR 20.08, indicating a 9.59% upside potential ahead of its Q4 2024 earnings report on March 5, 2025.
UBS has maintained a "Neutral" rating for Bayer, setting a target price of 22 euros. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could lower gas prices, benefiting companies like BASF, Covestro, Lanxess, and Yara in the European chemical sector.
UBS has maintained a "Neutral" rating for Givaudan, setting a target price of 4,520 Swiss francs. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could lead to increased Russian gas exports to Europe, significantly lowering gas prices and benefiting companies like BASF, Covestro, Lanxess, and Yara.
UBS has maintained a "Buy" rating for Symrise, setting a target price of 138 euros. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could lead to increased gas exports to Europe, significantly lowering gas prices and benefiting companies like BASF, Covestro, Lanxess, and Yara.
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