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MSBHF

Mitsubishi Corporation

https://www.mitsubishicorp.com/jp/ja/

Industry

Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)

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Exxon Mobil and Mitsubishi have signed an agreement to collaborate on a low-carbon hydrogen and ammonia project at Exxon's Baytown, Texas facility. The project aims to produce significant amounts of low-carbon hydrogen and ammonia by capturing 98% of CO2. A final investment decision is expected in 2025, with operations starting in 2029. This initiative is part of a broader effort to supply low-carbon energy to industries in Japan.

Portfolio Pulse from Lekha Gupta

September 13, 2024 | 11:09 am

Global market turmoil originating in Japan caused a significant but temporary decline in Japanese stocks, impacting Warren Buffett's $20 billion investment in Japanese trading houses. Despite an initial 30% plunge, the market recovered most losses by the end of the week. Berkshire Hathaway's strategic shift includes selling half of its Apple stake and increasing U.S. Treasury holdings.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 8:24 am

Major automakers are targeting lithium supply from American Battery Technology Co. (ABAT) as the company develops one of the largest lithium deposits in the U.S. at its Tonopah Flats project. The company is also involved in battery recycling and has partnerships with BASF and the U.S. Advanced Battery Consortium. Automakers like Ford, GM, and Tesla are seeking lithium sources to meet the growing demand for electric vehicle batteries.

Portfolio Pulse from Matt Whittaker

June 24, 2024 | 2:18 pm

Blackstone Inc. (NYSE:BX) plans to invest $9.6 billion in Japan by 2027, citing accelerated growth in the Japanese economy. Other investment managers like Bain Capital, KKR & Co Inc (NYSE:KKR), and Berkshire Hathaway Inc (NYSE:BRK) are also focusing on Japan. The iShares MSCI Japan ETF (NYSE:EWJ) has seen a 9% rise in 2024.

Portfolio Pulse from Hayden Buckfire

June 10, 2024 | 7:28 pm

FPX Nickel Corp. (OTC:FPOCF) has secured funding through 2025 with the backing of Sumitomo Metal Mining (OTC:SMMYY) and other strategic partners, despite a challenging financing market for junior mining companies. This funding, crucial for FPX's exploration of nickel for electric vehicle batteries, highlights a trend where battery and EV manufacturers invest in miners to secure future metal supplies. Other companies like Mitsubishi Corp. (OTC:MSBHF) and Frontier Lithium Inc. (OTC:LITOF) have also engaged in similar strategic investments.

Portfolio Pulse from Matt Whittaker

March 20, 2024 | 8:03 pm

Mitsubishi Corp (OTC:MSBHF) shares reached a record high after announcing a $3.4B share buyback plan. The company's strong financial performance and strategic decisions, including ceasing automobile production in China, have contributed to its success. Warren Buffett's Berkshire Hathaway holds 8.3% of Mitsubishi's stock. The company is considering future investments in the U.S., influenced by the upcoming election.

Portfolio Pulse from Benzinga Neuro

February 07, 2024 | 9:11 am

Mitsubishi Corp. is reportedly considering bidding for Fujitsu Ltd.'s chip packaging unit Shinko Electric Industries. Other potential bidders include Apollo Global Management, KKR & Co., Bain Capital, and Japan Investment Corp. Fujitsu's 50% stake in Shinko Electric is worth around $2.6 billion. Shinko is a major supplier to chip companies such as Intel Corporation and Advanced Micro Devices. The sale may face national economic security issues.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2023 | 3:08 pm

Honda Motor Corp (HMC) has signed a memorandum of understanding with Mitsubishi Corporation (MSBHF) to explore new businesses in the electric vehicle (EV) market. The partnership aims to maximize the value of batteries in Honda's mini-EV models and offer smart-charging, V2G services, and green power to EV users. The new business is expected to help EV users optimize their electricity costs.

Portfolio Pulse from Shivani Kumaresan

October 12, 2023 | 11:19 am

Honda Motor and Mitsubishi Corp are planning to collaborate on electricity infrastructure using electric vehicles (EVs), according to a report by Nikkei cited by Reuters.

Portfolio Pulse from Charles Gross

October 11, 2023 | 11:10 am

Berkshire Hathaway has increased its stakes in Japan's top five trading houses, including Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co. Ltd, and Sumitomo Corp. The stakes now average more than 8.5%, and the aggregate value exceeds Berkshire-held public stocks in any other country outside the U.S.

Portfolio Pulse from Bibhu Pattnaik

June 19, 2023 | 3:11 pm

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