September 11, 2023

Shareholders in Liontown Resources will know in mid October if US lithium giant, Albemarle will turn its indicative $3 a share takeover offer into cold hard cash. Liontown told the ASX on Monday that the due diligence agreed to in the statement a week ago, had been agreed to and would start shortly. “Liontown and

Sunstone Metals (ASX:STM) have announced that the second hole at the T3 porphyry target within its El Palmar project in Northern Ecuador has intersected strong gold-copper mineralisation. Sunstone Managing Director Malcolm Norris said “This latest result shows clearly that T3 is a significant copper-gold porphyry system” Shares are trading 8.7 per cent lower at 2.1 cents.

The ASX/S&P 200 is 0.04 per cent, lower to 7153.6 at midday.  Driving the weakness in the Australian market is Tech sector large-caps WiseTech and Xero, with both down more than 1 per cent in early trade. Scrap metal recycler Sims is among the worst performing, down 10.8 per cent. The company is now forecasting

The four trading days last week for US markets helped explain why many investors regard September as a miserable month. It was the first trading week for markets this month (ignoring the September 1 session the previous Friday) and while by Friday’s close the S&P 500 had added 6.35 points, it still lost 1.3% for

According to the World Gold Council (WGC), China’s central bank (the People’s Bank of China) lifted increased its holdings by between 23 tonnes in July and another 29 tonnes in August. That took purchases so far this year to well over 100 tonnes – 155 tonnes the largest by any central bank and probably helped

QANTM Intellectual Property Limited (ASX:QIP) CEO and Managing Director Craig Dower discusses drivers of revenue, competitors and market share, and the company’s ambitions to expand into Asia. Abby Phillipps: We’re talking today with Craig Dower, the CEO of Quantum Intellectual Property, ASX Code QIP. The company has a market cap of around $132 million.Craig, welcome to the

There was a surprisingly big jump in retail sales of new energy vehicles (NEVS) in China in August to all time highs for a month. NEV sales jumped to a record 716,000 units in August, surpassing the 700,000-unit mark for the first time. After July’s sales figures slid from June’s record high, some commentators wondered

US and Chinese economic data will dominate the coming week, oh, and so will Apple and its new iPhone, not to mention the health of the Australian jobs market. Our August jobs data (out on Thursday) here is expected to show a 15,000 gain in employment after the 14,600 fall in July with unemployment steady