August 1, 2023

In an intriguing A$82.6 million deal, global lithium giant Albemarle has secured an interest not only in aspiring company Patriot Battery Metals (ASX:PMT) but also in their promising Corvette lithium project in Canada. An announcement on Tuesday revealed that Patriot had entered into a private placement of C$109 million (A$82.6 million) with Albemarle, granting Albemarle a […]

Patriot Battery Metals (TSX.V:PMET, ASX:PMT, OTCQX:PMETF, FSE:R9GA) has entered into a subscription agreement with respect to a private placement of approximately C$109 million in Patriot by Albemarle Corporation. In response, Blair Way, Company President and CEO, commented: “the additional funding will allow us to more aggressively advance the Corvette Property through drilling, permitting, study work

According to a recent ANZ-Roy Morgan survey, consumer confidence experienced a notable boost of 3.2 percentage points last week, reaching its highest level since late April. ANZ senior economist Adelaide Timbrell pointed out that this increase was primarily fueled by significant improvements in the ‘future financial conditions’ category, which occurred just before an anticipated pause

This week, several major companies, including tech giants Apple and Amazon, along with coffee giant Starbucks, are set to report their earnings, providing insights into consumer spending habits amidst easing inflation and rising interest rates. Other notable companies reporting earnings include Uber Technologies, Pfizer, Amgen, PayPal, Square, Kraft Heinz, and Kellogg. In total, 170 S&P

L Catterton, the private equity firm backed by luxury French fashion house LVMH, is gearing up to launch an initial public offering (IPO) of Birkenstock as early as September, according to sources familiar with the matter. The IPO may value the renowned German sandal maker at more than A$11.9 billion (US$8 billion). Working alongside Goldman

Bond traders displayed increased confidence on Monday, suggesting that the Reserve Bank of Australia (RBA) might be approaching the end of its aggressive cycle of interest rate increases. As yields dipped, the three-year bond rate reached 3.86 per cent, 24 basis points below the current cash rate of 4.1 per cent. This indicates that the

Oil prices experienced their most substantial monthly surge in more than a year, fuelled by signs of a tightening market and record-high crude demand. Analysts estimate that global crude demand is running at an all-time high, coinciding with OPEC+ cutting back production. Crude futures in New York have successfully wiped out their year-to-date losses, buoyed

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices. Key pointsCoreLogic data showed national average home prices up 0.7% in July, their fifth monthly rise in a row and they are now up 4.1% from their February low.However, the monthly pace of gains has slowed from 1.2% in May