NewsBite

Sims Limited

ASX Announcements

Ceasing to be a substantial holder

Ceasing to be a substantial holder

  • Dec 23, 2024
  • 3 pages

Director Appointment/Resignation

Director Appointment/Resignation

  • Dec 2, 2024
  • 2 pages

Revised Securities Trading Policy

Trading Policy

  • Nov 19, 2024
  • 8 pages

Initial Director's Interest Notice

Initial Director’s Interest Notice

  • Nov 14, 2024
  • 2 pages

Director Appointment/Resignation

Director Appointment/Resignation

  • Nov 14, 2024
  • 1 page

View all SGM announcements

August 2024

Sims chief executive Stephen Mikkelsen.

Struggling Sims liquidates $435m in assets in strategic reset

Metal recycler Sims has sold two assets as it tries to survive the toughest recycling market in a decade.

  • Peter Ker

June 2024

Consumers are cutting back on spending as a mountain of household bills and expenses take their toll.

Investors fear more profit downgrades as pricing power crumbles

Erosion of pricing power for which many companies were once vaunted is shaping as the next leg of the confession season with less than a month of trading left.

  • Simon Evans

May 2024

Graincorp was among a number of companies this week to warn on profit.

Confession season kick-off fails to derail ASX run

Fund managers say this year’s Macquarie Australia Conference was among the least eventful in recent memory – and that may be a good sign for investors.

  • Joshua Peach

September 2023

John Falzon

PEP knocks off IFM Investors in LMS battle

This represents the seventh energy deal for the PEP Secure Assets fund.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

July 2023

Rio Tinto chief Jakob Stausholm has a big focus on climate change.

Rio Tinto in billion-dollar recycling push

Rio Tinto is preparing to spend close to a billion dollars on a metal recycling acquisition in North America.

  • Peter Ker
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April 2023

Sanjeev Gupta owns South Australia’s Whyalla Steelworks.

Gupta’s latest push for taxpayer subsidies might just be worth it

Sanjeev Gupta’s vow to build a new furnace at Whyalla is a credible step toward green steel and might be part of something much bigger in the Spencer Gulf.

  • Peter Ker

March 2023

Sims Metal is a big recycler of old cars.

Sims to sell stake in LMS Energy, eyes ‘green’ steel

The scrap metal recycler intends selling its 50 per cent holding in the biogas and solar energy group, with analysts saying it may fetch $400 million.

  • Simon Evans

November 2022

Iron ore producers storm back in flat market

The S&P/ASX 200 Index fell 0.2 per cent to 7146.3 points. Fortescue Metals Group rose 10 per cent to $19.55 and Elders plunged 22.9 per cent to $10.21.

  • Vesna Poljak
The Australian sharemarket has closed higher.

Shares gain as James Hardie, Sims warn on global economy

Lithium miners jumped as Macquarie lifted forecasts, while bitcoin, solana and ethereum sunk on a ballooning feud between billionaire crypto exchange founders.

  • Tom Richardson

August 2022

Seek boss Andrew Bassat:  Disconnect between public and private valuations unsustainable.

What we learnt: Seek slices VC values, why Temple & Webster soared

Seek takes the knife to the value of its venture capital portfolio, while Temple & Webster sends analysts scrambling for their spreadsheets. 

  • James Thomson
Sims Metal is a big recycler of old cars.

Sims waves goodbye to golden days as metal prices sag

CEO Alistair Field says big-picture shifts where recycled metal is sought for a “greener” economy are still intact, but rate rises are biting as metal prices halve.

  • Simon Evans

May 2022

Sims Ltd recycles tens of thousands of car wrecks each year as part of its global operations.

Sims buys $93m deepwater site for Qld metals plant

The scrap metal group, positioning itself as a player in decarbonisation, is eyeing a processing plant in Brisbane’s port precinct.

  • Simon Evans

April 2022

Sims Ltd is a winner as a provider of recycled feedstock in the steel industry’s push to decarbonise. It operates large shredders to extract valuable metals from car wrecks.

Car wrecks and computer refurbishments drive Sims

Investments in technology are helping to reposition a business which began as a scrap metal merchant in 1917.

  • Simon Evans

March 2022

Sims Metal says it won’t expand into recycling electric vehicle batteries, but its core scrap metal business is primed for strong growth as demand for recycled copper, alumnium and ferrous products climbs, partly fuelled by the electric vehicle industry.

Scrap metal group Sims in ‘green’ sweet spot

Shares are up 50 per cent in two months, and the shift to electric vehicles and refurbishment of computing hardware is bringing extra demand.

  • Simon Evans

February 2022

BHP CEO Mike Henry and CFO David Lamont at the company’s global headquarters in Melbourne.

BHP primed for a decade of inflation

Australian commodity exporters could be the beneficiary of what the world’s biggest miner expects will be 10 years of inflationary pressures.

  • Peter Ker, Simon Evans and Ronald Mizen
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Sims is a winner in the steel industry’s race to decarbonise.

Sims Metal shows how car wrecks are hot in green steel race

The metal recycler is a big winner for investors as the global steel industry tries to reduce carbon emissions.

  • Updated
  • Simon Evans
Pent-up demand is fuelling growth, but costs are rising at the same time.

What we learnt: The great juggle between costs and growth has begun

Whether you’re selling toilets (GWA), salmon (Tassal), advertising (Seven West Media and Seek) or scrap metals (Sims) demand is rising. But so are costs. 

  • Updated
  • James Thomson

All the profit results for February 15, 2022

Results briefing | News and analysis on today’s profit results from BHP, Atomos, Ansell, Cardinale, Dexus, Elmo Software, GWA, Lifestyle Communities, Money3, Reckon, Seven West, Seek, Sims and Tassal.  Find updated reports and analysis here.

  • Andrew Hobbs

December 2021

The $3.2 billion Sims is building its presence in government recycling programs across 15 countries.

Sims eyes US recycling expansion with $63m deal

Sims Limited says it wants to expand municipal recycling after selling a majority stake in its New York operations.

  • Michael Roddan

July 2021

Metals distributor and processor Vulcan Steel has Credit Suisse and UBS helping with its pitch to potential investors.

Vulcan steels for $1b float: maiden pitch to Aussie funds

Privately-owned Australasian steel products distributor Vulcan Steel made its maiden pitch to Australian fund managers on Monday.

  • Anthony Macdonald and Yolanda Redrup

Original URL: https://www.afr.com/company/sgm-1er