July 2023

The Reserve Bank of New Zealand has maintained interest rates at 5.5 per cent for the second consecutive meeting, citing the need to control inflation and support employment, amid weakening global economic growth and declining inflation pressures. When assessing Australia’s interest rate position, at this afternoon’s lunch event in Brisbane, RBA governor Philip Lowe has […]

RBA governor Philip Lowe is set to speak at a lunch event in Brisbane, marking his first public appearance following recent speculation about his potential successor and potential changes within the central bank. Meanwhile, the Australian dollar is currently trading at around US67.16 cents. The Reserve Bank of New Zealand has decided to keep interest

Heavy Rare Earths (ASX:HRE) announced that their metallurgical program has delivered a two-fold grade increase and up to 91.3% extraction of magnet rare earths. Executive Director, Richard Brescianini, said, “our forward program now has its sights firmly set on producing samples of a Mixed Rare Earth Carbonate, the first possible entry point by HRE into

Warren Buffett isn’t concerned about the future of gas, particularly LNG. This week, the billionaire investor delved further into the energy sector as Berkshire Hathaway assumed control of a US export facility for Liquified Natural Gas (LNG) by purchasing a 50% non-controlling limited partner interest in Cove Point LNG in the state of Maryland for

Growing concerns over supply chain vulnerabilities and the need for critical metals and minerals have fuelled increased investment in these resources. Policymakers, investors, and market participants are grappling with the complexities of categorising critical metals, developing policy responses, and navigating economic realities. The historical significance of critical metals dates back to World War II when

The Western Green Energy Hub, an ambitious energy infrastructure project in Western Australia, has signed a significant deal with Korea Electric Power Corporation, South Korea’s largest electricity utility. Spanning 15,000 square kilometres in the Goldfields-Esperance region, this renewable energy hub aims to house around 3,000 wind turbines and 25 million solar panel modules. At the

Australia faces the monumental task of securing $1.5 trillion by the end of the decade to meet its ambitious 2050 green targets, requiring an effort on par with Europe’s post-World War II reconstruction, according to the findings of expert group Net Zero Australia. The report highlights the need for a new fleet of gas peaking

Rio Tinto (ASX:RIO) is intensifying its search for hard rock lithium in the Western Australian outback by extending an exploration partnership near Sandstone for the third time in two years. The company aims to bolster its exposure to the crucial battery material as demand for lithium-ion batteries and electric vehicles continues to surge. Rio Tinto