In today’s briefing:
- MV Global Rare Earth/Strategic Metals Index Rebalance: One Delete & Other Changes
- Last Week in Event SPACE: Rio Tinto, Proto, CK Hutch, Silk Logistics, HKBN
MV Global Rare Earth/Strategic Metals Index Rebalance: One Delete & Other Changes
- Standard Lithium (SLI US) will be deleted from the VanEck Rare Earth/Strategic Me (REMX US) at the close of trading on 21 March.
- The constituent change, float changes and capping changes result in an estimated one-way turnover of 8.9% and in a round-trip trade of US$61m.
- The largest inflows will be in Pilbara Minerals (PLS AU) and Albemarle (ALB US) while there will be outflows from MP Materials (MP US) and Lynas Corp (LYC AU).
Last Week in Event SPACE: Rio Tinto, Proto, CK Hutch, Silk Logistics, HKBN
- An independent appraisal repot supports Rio Tinto Ltd (RIO AU) unifying its dual-listed structure. Shareholders will get their say on the 3rd April.
- Proto Corp (4298 JP)‘s MBO is the wrong price. The solution here is a really bump or a broken deal if investors keep the share price above the TOB price.
- CK Hutchison Holdings (1 HK)gives back some of the recent gains as pro-Beijing media said CK Hutch “should think twice about which side it wants to stand with”.
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