Greenwave (Nasdaq: GWAV)
@GreenwaveGWAV
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Greenwave Technology Solutions is a leading operator of 13 metal recycling facilities in Virginia and North Carolina. Nasdaq: $GWAV
Joined August 2022
Drone footage of one of $GWAV 's ferrous metal processing hubs shot yesterday
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When the dust settles, we expect the leading steel producers will likely own supply channels producing a significant portion of the raw material required to operate – and there’s limited U.S. scrap metal chains remaining. (6/6)
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Since early February, domestic scrap steel prices are up 32% and demand is already far exceeding supply. These are the market conditions in which $GWAV performs the best -- and we're moving quickly to expand our operations. (5/6)
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There are now fewer than 50 scrap yard chains with significant supply volume left in the U.S. -- $GWAV is likely in the top 25 with one of the most coveted markets – Hampton Roads, VA. (4/6)
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Toyota just bought $RDUS (fka Schnitzer) for $1.32 billion all-cash, $757 million premium, last Thursday -- despite massive loss and cash burned in operations. Until last week, Schnitzer was the largest independent U.S. scrap metal company -- it appears Toyota did not base their
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Leading steel makers are moving decisively to lockdown their supply chains to mitigate these fundamental risks – accelerating the already rapid consolidation of the U.S. scrap metal market. (2/6)
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The U.S. scrap metal industry is undergoing a fundamental transformation – the past few weeks have revealed that steel producers/automakers have extreme exposure to tariffs and supply chain disruptions. (1/6)
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Take a look at $RDUS / Schnitzer’s last 10-Q – massive net loss, cash burned in operations, and $582 million in shareholder’s equity. So why would Toyota pay $1.34 billion all cash – a 120% premium – to buy it? Toyota just locked down Schnitzer’s supply of scrap metal – which,
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The speed at which Toyota moved to pay $1.34 billion all-cash – a 120% premium – for $RDUS / Schnitzer is a powerful indicator The U.S. scrap metal industry is undergoing a fundamental transformation driven by countries and corporations locking down their supply chains Steel
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Toyota Tsusho America just announced it is acquiring U.S. steel recycler Radius $RDUS for $1.34 Billion The U.S. scrap metal industry is being rapidly consolidated by mills and manufacturers de-risking their operations by securing supply chains $GWAV is perfect positioned
"U.S. steel producers are expanding and dominating the scrap metal M&A landscape as they seek control of raw material input to feed new mills." https://t.co/oXdhhp6f8u
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Toyota Tsusho America Acquires U.S. Steel Recycler Radius Recycling $RDUS for $1.34 Billion The rapid consolidation of the U.S. scrap metal industry is being driven by steel mills and manufactures locking down their supply chains. Great news for $GWAV. https://t.co/vqHqPdlcds
reuters.com
Recycled metal products maker Radius Recycling said on Thursday it had entered into a definitive merger agreement with Toyota Tsusho America, a U.S. subsidiary of Japanese trading house Toyota Tsusho...
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New tariffs take effect as Trump’s trade war ramps up. $GWAV CEO Danny Meeks featured on @GMA ~2:41. Watch by clicking the link below.
goodmorningamerica.com
U.S. tariffs on imported steel and aluminum are now in effect, part of an escalating series of trade maneuvers by President Donald Trump that have unsettled markets.
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$GWAV CEO Danny Meeks to be Interviewed on @GMA to Discuss Tariffs on Steel and Aluminum Imports Today. Read the press release below.
prnewswire.com
/PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), today announced that Chief Executive Officer Danny Meeks...
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$GWAV CEO Danny Meeks' interview with ABC News' Chief Business, Technology and Economics Correspondent, Rebecca Jarvis, will air on Good Morning America this morning. Tariffs are now effective on all foreign steel and aluminum imports without exception or exclusion.
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