SSUMF News and Press, Sumitomo Corp. From 08/31/20

Warren Buffett has pulled the trigger on $6 billion of investments into Japan's five biggest trading houses. The FT described them as "century-old commodity specialists that are increasingly transforming into global venture capital and private equity businesses". Berkshire Hathaway (BRK.A) (...

The following slide deck was published by Sumitomo Corporation in conjunction with their 2020 Q2 earnings Read more ...

Sumitomo ( OTCPK:SSUMF ) : Q1 GAAP EPS of -¥32.87. Revenue of ¥1035.7B (-21.1% Y/Y) Press Release More news on: Sumitomo Corporation, Earnings news and commentary, Financial stocks news,

Sumitomo Chemicals, a company under the Sumitomo ( OTCPK:SSUMF ) umbrella, popped onto our radars due to its lingering near-March lows. Unlike other Japanese chemical companies that have seen recoveries like Asahi Kasei ( OTCPK:AHKSF ) and Mitsui Chemicals ( OTCPK:MITUY ), it has hardly reco...

Sumitomo Corporation  ( OTCPK:SSUMF ) temporarily suspends operations at its Minera San Cristobal silver/zinc/lead mining project, in Bolivia, as well as the Ambatovy nickel project, in Madagascar, to prevent the spread of Covid-19. More news on: Sumitomo Corporation, Sumitomo Corpo...

Teck Resources (NYSE: TECK ) agrees to sell a 30% stake in its Quebrada Blanca copper mine expansion in Chile to Sumitomo ( OTCPK:SSUMF , SMMYY]]) for $1.2B. More news on: Teck Resources Limited, Sumitomo Corp., Rio Tinto plc, Commodities news, Read more ...

Rivian Automotive is debuting its all-electric pickup truck today at The Los Angeles Auto Show. More news on: Ford Motor Company, Tesla, Inc., General Motors Company, Consumer stocks news, Global news and forex, Read more ...

A previous version of this article was first published on April 22, 2018, as a Marketplace piece for my subscribers only. This article discusses a series of confusing news items regarding the recent decision by the Bolivian government to select the German firm ACI Systems GmbH as a partner...

Make no mistake, the tire business is a tough one to earn money in. It is a low margin, dirty, capital-intensive business, and global sales are already concentrated in the hands of just a few players. Even at the near oligopoly stage that we find ourselves in today, there are still deals to be...