Pulse of The Market: Tuesday’s 10 Top Performers

7. Cemex SAB de CV (NYSE:CX)

Multinational building materials giant Cemex grew its share prices for a second day on Tuesday, adding 3.64 percent to close at $6.28 apiece as investors gobbled up shares in the company following news that it was expanding decarbonization efforts while appealing in its mine fight in Soledad Canyon.

On Friday, CX’s UK arm said it would expand its Urbanization Solutions business with a new lower carbon mortar plant near London. Expected to be operational in the second half of the year, the plant would increase its production capacity and produce lower carbon mortar, which already has a 30 percent lower carbon footprint as compared with the standard mortars.

In addition, CX said it would incorporate a state-of-the-art drying system designed to minimize heat consumption and reduce fuel consumption throughout the production process.

Meanwhile, its US arm also announced the increased production of Portland limestone cement at its plant in Lyons, Colorado. The ramp-up forms part of its mission to reduce its carbon footprint throughout its operations and products.

It also recently filed an appeal for its mine fight in Soledad Canyon, which has the capacity to produce 56 million tons of aggregate.

Cemex needs a beneficial use permit from the State Water Resources Control Board to use the Santa Clara River to sustain its mining operations.