Arcelormittal Stock Price, News & Analysis

ArcelorMittal has announced a commitment of $100 million over five years to Breakthrough Energy's Catalyst program, aimed at accelerating the transition to zero-carbon steelmaking. This partnership focuses on clean technologies such as direct air capture, green hydrogen, long-duration energy storage, and sustainable aviation fuel. The investment will be channeled through ArcelorMittal's XCarb™ innovation fund, which also includes prior investments in renewable energy initiatives. The CEO emphasized the critical need for affordable clean energy to achieve net-zero emissions by 2050.

On September 14, 2021, ArcelorMittal disclosed a share transaction linked to its buyback program initiated on July 29, 2021. A significant shareholder entered a share repurchase agreement to maintain their voting rights at 36.34% in ArcelorMittal’s capital. The transaction details can be reviewed in the Luxembourg Stock Exchange's OAM database and on ArcelorMittal’s corporate site under the Investors section.

On September 10, 2021, the Republic of Liberia and ArcelorMittal signed an amendment to the Mineral Development Agreement, enabling an expansion of mining and logistics operations. This $0.8 billion project will significantly increase premium iron ore production, initially ramping up to 15 million tonnes per annum by late 2023. The expansion is set to create over 2000 jobs and enhance local training programs. Notably, ArcelorMittal has invested over $1.7 billion in Liberia in the past 15 years, positioning itself as the largest foreign investor in the country.

On September 7, 2021, ArcelorMittal announced a share transaction notification related to its share buyback program initiated on July 29, 2021. This action is crucial as it allows a significant shareholder to maintain a voting rights level of 36.34% in the company's capital. The details of the transaction can be accessed through the Luxembourg Stock Exchange's electronic database and ArcelorMittal’s official websites. The notification is part of the company's compliance with Market Abuse Regulations, ensuring transparency in share dealings.

ArcelorMittal announced on September 6, 2021, that it received a shareholding notification from Société Générale SA. This notification revealed that Société Générale SA reached a threshold of 4.80% of potential voting rights on September 1, 2021.

This information is outlined in compliance with Luxembourg's transparency requirements for issuers of securities. The notification can be accessed through the Luxembourg Stock Exchange’s OAM electronic database and on ArcelorMittal’s corporate website.

On August 31, 2021, ArcelorMittal announced a share transaction related to its ongoing share buyback program initiated on July 29, 2021. A key shareholder has entered into a repurchase agreement to maintain their voting rights at 36.34% in the company's share capital. The details of this transaction can be accessed via the Luxembourg Stock Exchange’s database and on ArcelorMittal’s official website under the Investors section. This move aims to support the share buyback program and sustain the shareholder's influence in company decisions.

ArcelorMittal announces a share transaction by a Designated Person as per EU Market Abuse Regulations. This transaction is part of its share buyback program initiated on July 29, 2021. The significant shareholder entered into a repurchase agreement to maintain their voting rights at 36.34% of the company's share capital. For full details, the transaction information can be accessed on the Luxembourg Stock Exchange and ArcelorMittal's website.

ArcelorMittal announced the notification of a share transaction involving a Designated Person, available on the Luxembourg Stock Exchange's OAM database. This transaction is part of the company's share buyback program initiated on 29 July 2021. A Significant Shareholder has entered an agreement to sell shares, ensuring their voting rights remain at 36.34% of the share capital. More information regarding the share buyback program can be found on the company’s website.

ArcelorMittal disclosed a significant shareholding change on August 16, 2021, reporting that Société Générale SA has acquired a 5.35% stake in the company as of August 5, 2021.

This acquisition was made through various financial instruments, reflecting the company's compliance with the Luxembourg Transparency Law, which mandates notifications when voting rights exceed the 5% threshold. The details are accessible on the Luxembourg Stock Exchange and ArcelorMittal's corporate website.