Chemours Co Stock Price, News & Analysis

Chemours (NYSE: CC) announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on the company's common stock for the third quarter of 2024. The dividend is scheduled to be paid on September 13, 2024 to stockholders who are on record by the close of business on August 15, 2024.

Chemours, the only U.S. producer of titanium and zirconium minerals and one of two domestic rare earth mineral producers, has released its annual Sustainability Report titled 'Partnering for Progress'. The report highlights Chemours' commitment to responsible mining and habitat protection.

Key points include:

• Continuous reclamation efforts to restore mined areas
• Partnerships with organizations like Satilla Riverkeeper and St. Marys Riverkeeper
• Protection of sensitive habitats for species like gopher tortoises and indigo snakes
• Translocation of over 400 tortoises and 181 hatchlings over nine years
• New research partnerships in 2023 to study mining impacts on bird communities, rare plants, and wetland restoration

Chemours' mining operations in Florida and Georgia supply critical minerals vital to national security and economic prosperity, while maintaining a strong focus on environmental stewardship and wildlife conservation.

Chemours recently hosted high school students from Delaware's Middletown, William Penn, and St. Elizabeth's High Schools at its Discovery Hub. The event was part of the University of Delaware's FORGES program aimed at introducing students to summer research activities. During their visit, students toured various labs, including process development, immersion cooling, Opteon™ foam blowing, and hydrogen fuel cell testing labs. They also engaged in career discussions with Chemours employees and participated in a hands-on demonstration to analyze polymers. The initiative aims to inspire the next generation of scientists and engineers, focusing on increasing participation among women and underrepresented groups in materials science.

Chemours announces the release of its second quarter 2024 financial results on August 1, 2024, after market close. The company plans a conference call on August 2, 2024, at 8:00 a.m. EDT to discuss these results. The public can access this call via a live webcast and view the accompanying slides through the company's investor website. A webcast replay will be available on the same site.

The Chemours Company highlights the inadequacies of current air-cooled systems in data centers, as these systems won't meet the cooling needs of next-gen high-performance computing chips by 2026. With over 5,300 data centers in the U.S., this shortfall highlights an urgent need for improved solutions. Chemours introduces two-phase immersion cooling (2-PIC) as a groundbreaking technology poised to address this gap. This method offers benefits such as enhanced energy efficiency and a smaller physical footprint. The need for superior cooling solutions is driven by the increasing data processing and storage requirements essential for modern businesses, governments, and organizations.

Liquid cooling solutions, particularly 2-PIC, are presented as the technological frontrunners due to their historical roots and modern-day applications. Unlike air-cooling systems, liquid cooling removes heat more effectively by using water or dielectric fluids, potentially revolutionizing data center operations.

Chemours released its 2023 Sustainability Report titled 'Partnering for Progress,' emphasizing its 2030 Corporate Responsibility Commitment goals. The report highlights their progress in Environmental Leadership, Innovation & Sustainable Solutions, Community Impact, and creating the Greatest Place to Work for All.

Key achievements include receiving two U.S. Department of Energy Better Plants Program awards, developing a nature-based initiative with the Wildlife Habitat Council, and advancing towards GHG emission goals. Chemours invested $3M in the University of Delaware's Center for Clean Hydrogen and achieved 48% revenue from products contributing to UN SDGs.

The company expanded its ChemFEST program, donated $350,000 to the Discovery World Museum, and funded a $250,000 Diversity in Safety Scholarship. Chemours also earned Great Place to Work Certification in 15 regions and was recognized by U.S. News & World Report as a top chemical company to work for.

The Chemours Company (NYSE: CC) has resumed production at its titanium dioxide (TiO2) facility in Altamira, Mexico. The site had temporarily ceased operations on May 31, 2024, due to government-imposed water intake restrictions. The resumption follows the lifting of these restrictions by the Mexican government. Chemours, a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, anticipates that this development will help stabilize its production capabilities and supply chain. This resumption is a critical operational step for Chemours, ensuring continued service to its clients and maintaining market position.

Chemours announced the approval of its near-term science-based greenhouse gas (GHG) emissions reduction targets by the Science Based Target initiative (SBTi). This includes a 60% cut in Scope 1 and 2 emissions and a 25% reduction in Scope 3 emissions per ton of production by 2030. Chemours is among a select group of chemical companies to have these targets validated by the SBTi, a global body backed by organizations like the World Resources Institute and the World Wildlife Fund. The initiative supports ambitious emissions reductions aligned with climate science. The approval aligns with Chemours' sustainability goals established in 2018 and follows their 2023 Sustainability Report, which shows a 52% reduction in Scope 1 and 2 emissions from 2018 levels. Dr. Amber Wellman, Chemours' Chief Sustainability Officer, highlighted this milestone as evidence of the company's leadership in environmental responsibility.

Chemours (NYSE: CC) has appointed Livingston “Tony” Satterthwaite to its Board of Directors, effective June 12. Tony, currently a Senior VP at Cummins, brings over 35 years of leadership experience. He has held leadership roles at Cummins, including President of Power Generation and COO. Tony will retire from Cummins in September 2024. He also serves on the boards of IDEX , the National Association of Manufacturers, and the Cummins Foundation. Tony holds an MBA from Stanford and a civil engineering degree from Cornell. Chemours’ leadership expresses confidence in Tony’s expertise to drive business growth.