Ramaco Resources Awarded $30M In Damages From Federal Jury In Insurance Lawsuit Against Federal Insurance company, ACE American Insurance Company

Shares of steel-related companies are trading lower after the Trump administration released details for a $15 billion steelmaking complex in Iowa that's slated to produce 7.5 million tons per year from 2030, with possible expansion of up to 10 million tons annually. Investors may be concerned about overcapacity in U.S. steel production.

Greenland Rare Earth Project Books Its First Indicated Resource

Greenland Mines Ltd. announced the first S-K 1300 technical report for its Sarfartoq neodymium-praseodymium rare earth project in Greenland, achieving a landmark classification of 6.9 million tonnes at Indicated resource status—the first in 15 years of project history. The report models combined open pit and underground mining scenarios (Hybrid case) and includes a strategic partnership with Neo Performance Materials, which gains offtake rights on up to 60% of future production. This regulatory milestone enables the project to support preliminary economic assessment studies, addressing a critical gap in Western rare earth feedstock development.

Shares of steel-related companies are trading higher after President Trump said in a social media post that tariffs on cars, trucks, automotive parts and steel from Canada will be increased to 50% from January 1, 2027. Steelmakers with U.S. production facilities may benefit from the protectionist import duties.