Mesabi Metallics plans to invest about $15 billion to build the largest steel plant in U.S. history in Iowa, aiming to start production by 2030. The project is expected to create around 1,750 permanent jobs and up to 6,000 construction jobs initially. The plant will use iron ore from Mesabi's Minnesota mine, supporting American steel production. This announcement, made by President Trump, highlights efforts to revitalize the U.S. steel industry and boost domestic manufacturing ahead of the 2026 midterm elections.
Trump's $15 billion steel plant plan offers context for basic materials investors. For readers following this sector, here is Pluang's market snapshot as of Sep 28, 2026 21:43 WIB: Of 38 priced US basic materials stocks, 7 rose and 31 fell. Agnico Eagle Mines Ltd (AEM) dropped 4.65% to USD 185.44, Kinross Gold Corporation (KGC) fell 4.15% to USD 24.01, and Endeavour Silver Corp (EXK) declined 4.05% to USD 9.01. Typical hold times range from 24 to 55 days on Pluang.
Vertex Pharmaceuticals reported a 12% revenue increase to $3.33 billion in Q2, driven by its dominant cystic fibrosis treatments. UBS raised its price target from $585 to $615, reflecting confidence in Vertex's strong financials and growth potential....
Accenture's stock surged 37.6% recently, driven by rising demand for AI services and new AI-focused offerings. The company outpaced industry growth and secured 100 new clients for advanced AI projects in one quarter. An analyst raised the price targe...
SpaceX, trading near $148 per share with a market cap of about $1.95 trillion, is preparing for Starship's first orbital mission and the deployment of its first operational Starlink V3 satellites. This milestone is key for expanding Starlink's global...
Atlas Salt Inc. is progressing with its Great Atlantic Salt Project in Newfoundland, aiming to become North America's first new salt mine in nearly 30 years. Construction is now permanent, and the project has secured financing interest exceeding $300...
Fuel cell stocks, led by Bloom Energy, are experiencing a sharp pullback after a recent strong rally. Bloom Energy's shares fell 8% despite strong Q2 2026 revenue growth and an increased sales outlook, reflecting momentum-driven selling rather than b...
