Link Administration Holdings (ASX:LNK) is set to report a massive loss for the year ending June 30, primarily due to a dud deal in the UK. Link joins a long list of Australian companies to lose heavily in UK expansion moves – they include, AMP, National Australia Bank, Wesfarmers (hardware), Insurance Group Australia, and the […]
Link’s UK misadventure Read More »
03 Aug 2023 – The ASX is currently trading 0.5 per cent lower at 7,317.80, and the SPI futures are witnessing a decline of 39 points.
Afternoon update: ASX trading 0.5% lower, Consumer Staples outperforming Read More »
The ASX is currently trading 0.5 per cent lower at 7,317.80, and the SPI futures are witnessing a decline of 39 points. Regarding sector performance, Consumer Staples stand out as the best-performing sector, showing a gain of 0.49 per cent, while Information Technology is currently the worst performer, down 1.46 per cent. Moving on to
Afternoon update: ASX trading 0.5% lower, Consumer Staples outperforming Read More »
Fitch, one of the three major independent credit rating agencies, has downgraded the credit rating of the US government due to mounting concerns about the country’s financial situation and its increasing debt load. The rating has been lowered from the highest level of AAA to the slightly lower rating of AA+. Fitch cited a “steady
ASX down 0.45% at noon as Fitch downgrades US credit rating Read More »
03 Aug 2023 – A snapshot of the stocks on the move, featuring Liontown Resources (ASX:LTR), Elementos (ASX:ELT) and Resource Mining Corporation (ASX:RMI).
Stocks of the Hour: Liontown Resources, Elementos, Resource Mining Corporation Read More »
Liontown Resources (ASX:LTR) has agreed to proceed with the delivery of Direct Shipping Ore (DSO) product to provide an early source of revenue ahead of first concentrate production at the Kathleen Valley Lithium Project. Managing Director and CEO, Tony Ottaviano, said: “Therefore, progressing with the production of DSO not only provides early revenue potential, but
Stocks of the Hour: Liontown Resources, Elementos, Resource Mining Corporation Read More »
Another solid quarter for the world’s biggest lithium player, Albemarle, but the three months to 30th June did confirm that the company had, like its rivals, been whacked by the slowdown in prices. Despite that, the company revealed it has significantly upgraded its sales and earnings projections for the rest of 2023 with a recovery
Albemarle’s auspicious lithium quarter: Rebounding amidst price slowdown Read More »
Liontown Resources (ASX:LTR) has taken a step to boost early revenue from its Kathleen Valley project in WA by reaching an agreement to deliver a direct shipping ore (DSO) product to potential customers. In a statement to the ASX on Thursday, the company (which has rejected a takeover offer from the US giant, Albemarle) stated
Liontown Resources moves to boost early revenue with Kathleen Valley DSO product Read More »
The action continues for Pilbara Minerals (ASX:PLS), which yesterday confirmed a major testing of the waters in the upgrading of its lithium ores. A week ago, the company dispelled a lot of the gloom around its share price with better-than-expected production figures for its spodumene (which offset the much-forecast price fall) and another quarter where
Pilbara Minerals’ shocking success: Electrifying the lithium journey down under Read More »
As nations worldwide accelerate efforts to combat climate change and achieve net-zero emissions, the demand for clean energy technologies and the materials they rely on is surging. However, this growing demand poses potential supply risks for certain critical materials, which could hinder the global transition to clean energy within the desired timeframe, warns a new
U.S. Department of Energy released updated Critical Materials Assessment Read More »
