Daily Brief Energy/Materials: HD Hyundai , Alpha Metallurgical Resources, SGX Rubber Future TSR20, UFP Technologies, Kinross Gold Corp, ICL Group , NioCorp Developments and more

• In this insight, we discuss the increasing importance of Palantir Technologies (PLTR US) on influencing the political rallies in Korea. 
• In addition, we discuss how HD Hyundai’s 34% ownership of Palantir Korea is likely to improve the positive sentiment on HD Hyundai. 
• Our sum-of-the-parts valuation analysis of HD Hyundai suggests implied market cap of 11 trillion won or target price of 139,845 won per share (63% upside from current levels).

• Alpha Metallurgical Resources reported its third quarter 2024 financial results, indicating a challenging period due to decreased coal pricing and unfavorable market conditions.
• The company posted an adjusted EBITDA of $49 million and shipped 4.1 million tons of coal during the quarter.
• These figures were negatively influenced by lower coal prices, soft market demand, and certain operational challenges such as difficult geology and weather conditions.

• ADD on NBR imports from Japan, South Korea extended to five years
• Chinese companies beef up domestic carbon black production
• ZC Rubber unveils US$259 million and Longxing US$405 million projects

• Report contains disclaimer and disclosure information regarding expressed opinions
• Opinions are not investment advice and should not be taken as such
• Author and/or employer may benefit from changes in valuation of discussed companies, securities, or commodities

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Kinross Gold’s third-quarter 2024 performance demonstrated notable progress in both operational and financial aspects.
• The company produced 564,000 ounces of gold with a cost of sales under $1,000 per ounce, maintaining a strong momentum seen earlier in the year.
• Noteworthy is the company’s ability to capitalize on rising gold prices, resulting in a 14% increase in operating margins compared to a 6% increase in gold prices, thereby generating a record quarterly free cash flow of $450 million.

• ICL Group, a multinational company involved in the manufacturing of fertilizers, specialty chemicals, and functional food ingredients, released its third-quarter results for 2024.
• The company reported sales of $1.753 billion, marking the third consecutive quarter of sales growth.
• Adjusted EBITDA was $383 million, up 11% year-over-year.

Edison Investment Research is terminating coverage on VolitionRx (VNRX), Murray Income Trust (MUT) and NioCorp Developments (NB). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.