December 2023

Lincoln Minerals (ASX:LML) has increased their Kookaburra Gully Graphite Project resource by 87% to become the second largest graphite resource on Eyre Peninsula. Lincoln Minerals CEO Jonathon Trewartha commented, “the resource upgrade provides strong momentum for our plans to commence an update to the Feasibility Study expected to commence mid-2024 and is scheduled for delivery […]

In a week filled with notable developments and market fluctuations, the Australian Securities Exchange (ASX) and global financial markets experienced significant shifts driven by various overarching themes. Here’s a comprehensive breakdown of the key events and their impact on different sectors and stocks during the period from Monday, December 4th, to Thursday, December 7th. Monday:

Utilities weighed down the sharemarket, countering a strong Wall Street session driven by a tech rally shortly after Friday’s trading began. Among the benchmark’s 11 sectors, only miners and energy showed gains, while communications, financials, and discretionary sectors experienced significant declines. At noon, the S&P/ASX 200 is 0.23 per cent lower at 7,156.80. The SPI

Paul Sanger:I’m Paul Sanger for the Finance News Network, and today I’m talking with Stealth Global Holdings ASX Code SGI, and they have a market cap of 23 million. Stealth is one of Australia’s largest distributors of industrial maintenance, safety, and workplace consumables products, providing a wide range of more than 1 million products, supplies,

The S&P 500 closed higher Thursday, attempting to snap a three-day losing streak as traders looked ahead to Friday’s all-important jobs report. The broad S&P 500 climbed 0.80 per cent to 4,585.59, while the blue-chip Dow added 62.95 points, or 0.17 per cent, to 36,117.38. The Nasdaq Composite advanced 1.37 per cent to 14,339.99 as

A weak trade report for November, especially concerning imports, confirms the ongoing challenges in the country’s economy almost a year after hopes of a post-Covid economic boost. In November 2023, China’s trade surplus increased to $68.39 billion, up from $66.49 billion the previous year, surpassing market forecasts of $58 billion. The surplus also rose significantly

Global oil prices fell for a sixth straight session on Thursday, with the declines amounting to just a few cents. Some traders now believe that the selling pressure has subsided. US West Texas Intermediate (WTI) crude oil closed lower, hitting a fresh five-month low as it failed to maintain early gains. WTI crude oil for

China’s latest set of weak trade figures on Thursday has heightened concerns about the strength of economic activity and the potential for further slowdown in 2024. However, iron ore prices have reached their highest level in Singapore in over a year, nearing $US134 per tonne (or more than $A200 per tonne). New data reveals a

The electric vehicle (EV) industry, once riding high on optimism and sky-high valuations, has hit a roadblock as investors and car manufacturers reevaluate their strategies amidst a slowdown in growth. Factors ranging from rising interest rates to evolving EV technology and consumer preferences are being cited as reasons behind the shift in momentum. Recent data

It has been a bustling end to 2023 for Rio Tinto (ASX:RIO). A new iron ore mine in the Pilbara, confirmation of progress on a significant iron ore mine in Guinea, and finally, the long-awaited advancement in their Winu copper/gold and silver prospect towards the mining stage. The preliminary studies and drilling for the massive