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RIO: Infrastructure Sector in 2021: The Complete Investors Guide


Infrastructure Sector in 2021: The Complete Investors Guide
RIO – Studies show that nearly half of US roads are in substandard conditions and that nearly 33% of bridges need repair. In response, President Joe Biden will soon propose an estimated $2 trillion bill to Congress to modernize the aging US infrastructure. Companies like Rio Tinto (RIO), Cummins (CMI), ArcelorMittal (MT), Eaton Corp. (ETN), and Southern Copper Corp. (SCCO) stand to benefit from this.
Mar 9, 2021
Improving America’s infrastructure is one rare area of bipartisan agreement. According to Gallup, 75% of Americans agreed with the idea of spending more “federal money to improve infrastructure, including roads, buildings, and waterways.”  ....

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As Greensill's Top Client, Gupta Sees Key Cash Source Evaporate


Publishing date: Mar 07, 2021  •  March 7, 2021  •  3 minute read  • 
Article content
(Bloomberg) Over the past decade, Sanjeev Gupta has built a reputation as one of the globe’s biggest boosters of steel, sealing a slew of deals for mills and smelters from Romania to Australia while racking up billions in debt for moribund assets that few others wanted.
The former commodities trader has sketched out a vision of a greener future for steel, with his loose network of companies GFG Alliance leading the way. But the near-collapse of his biggest lender, Greensill Capital, has abruptly choked off a key source of funding and is threatening that pace of breakneck expansion. ....

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