EU defense stocks climb as NATO chief says contractors struggling to keep pace By Investing.com

Idaho Strategic Resources (NYSE American: IDR) reported heavy rare earth element and yttrium mineralization at its Diamond Creek project. Surface sampling across four prospects along a 3.2 km lineament averaged about 1.8% TREO with HREO above 2,000 ppm, including over 1,300 ppm yttrium. The Lucky Gem trench averaged 1.5% TREO with ~1,600 ppm yttrium, and drillhole DC 22-8 intersected 11.3 m at 1.5% TREO with ~1,700 ppm yttrium. IDR plans further studies and 2026 exploration.

Nomura expects GE Vernova T&D India, Hitachi Energy India, and CG Power to benefit from India's Green Energy Corridor Phase-III (GEC-III), citing higher outlay and targets. The government approved GEC-III with a total outlay of Rs 1.9 trillion, aiming to evacuate 135 GW of renewable energy and deploy 50 GWh of battery energy storage systems by FY33. Nomura maintains 'Buy' ratings on all three stocks, anticipating increased demand for transmission equipment and BESS solutions.

Hyundai Motor Group sold 25,000 hybrids in August, outpacing Ford's 15,040. Cox Automotive forecasts Hyundai to surpass Ford in U.S. sales for Q3, with 511,421 vehicles vs. Ford's 504,172. Hyundai's hybrid sales rose 33% in August, while Ford's fell 19.9%. Ford's hybrid lineup is concentrated in pickups, while Hyundai offers hybrids across multiple segments.

Psychedelics show promise for treating depression with rapid, durable effects. Compass Pathways' COMP360 and Definium Therapeutics' DT120 have shown positive phase 3 results. Lilly agreed to acquire AtaiBeckley for up to $3.8B, highlighting growing interest. Regulatory advances and clinical data are shifting sentiment, but operational hurdles remain.

Shell SHEL and partners approved LNG Canada Phase 2, doubling export capacity to 28M metric tons/year. The expansion, with operations starting in the early 2030s, includes two new liquefaction trains. Shell holds a 40% stake, with other partners including Petronas, PetroChina, Mitsubishi, and Korea Gas.

Shell and partners will double the capacity of their LNG Canada facility in Kitimat, British Columbia, to 28 million tonnes annually. The expansion, set for early 2030s, aims to boost exports to Asia. Shell owns 40% of the venture, with other partners including Petronas, PetroChina, Mitsubishi, and Korea Gas Corp. Canadian PM Carney supports the project as part of a strategy to increase energy exports to Asia and reduce dependence on the US.