June 18, 2023

The hunt for copper is stepping up with Canada’s First Quantum Minerals, one of the world’s major miners, drifting into the sights of some of the world’s major players after it rejected an unsolicited bid from rival Canadian miner Barrick Gold. News of the failed approach broke Thursday and saw First Quantum shares soar 17%

Stocks slipped on Friday as Wall Street closed out a huge week in which investors received a pause on rate hikes from the Federal Reserve, plus encouraging inflation data. The S&P 500 ticked down 0.37 per cent to close at 4,409.59, while the Dow Jones Industrial Average slipped 108.94 points, or 0.32 per cent, to

Tesla’s record 13-day streak of gains came to an end on Wednesday when the shares dipped 0.74%, snapping a run that added $US240 billion to its market value and more than $US26 billion to Elon Musk’s fortune. The shares dipped another 0.35% on Thursday when the wider market jumped sharply as investors realised the Federal

Global fund managers have a bad case of Fear of Missing Out as they chase the artificial intelligence-driven tech rally and ignored the weak economic outlook and hawkish central banks. According to the June Bank of America investor survey, ‘long tech’ has emerged as the preferred trade for fund managers wanting to clamber aboard the

A seemingly modest update this week seems certain to result in Alkane boosting the already large estimated resource at its large porphyry copper gold prospects, Kaiser, Boda, Boda Two and Boda Three in the Molong area of central western NSW. The region, already home to existing mines at Cadia (Newcrest), Northparkes (Chinese and Japanese owners),