January 23, 2024

The Dow Jones Industrial Average fell Tuesday, pulling back from record-breaking highs as traders pored through the latest batch of corporate earnings. The blue-chip Dow slid 96.36 points, or 0.25 per cent, to 37,905.45, retreating below the 38,000 level that was crossed for the first time on Monday. Tuesday’s losses ended a three-day winning streak. […]

The sell-off in Chinese shares slowed on Tuesday, and Hong Kong bounced back after the government contemplated a well-leaked proposal for a massive share-buying scheme. A day earlier, a sharp fall in mainland and Hong Kong shares had the government rushing to soothe fears. State-owned CCTV reported that Chinese Premier Li Qiang had called for

Prices for Australian lithium are set to face further downward pressure, and the competition from Chinese miners is expected to intensify, according to a recent analysis by commodity price forecaster Wood Mackenzie. This forecast has caused controversy and prompted the withdrawal of a $760 million lithium loan to Liontown Resources, a major Australian lithium project.

In a bid to capitalise on the surging demand for critical metals, Elementos (ASX:ELT) is making significant strides with its two development assets in highly regulated mining jurisdictions in Andalucía, Spain, and Tasmania, Australia. The company is strategically positioned to exploit the growing global electronics industry and address the impending supply shortfall of tin in

The Australian sharemarket extended its longest winning streak of the year as the S&P/ASX 200 index rose 0.5% to 7514.9, driven by gains in healthcare and financial sectors following a Wall Street rally that pushed the S&P 500 to a new high. Additionally, Brent crude reached $80 a barrel, and major banks like National Australia

The S&P/ASX 200 index is currently up by 0.7% by mid-afternoon, with healthcare stocks leading the charge, gaining 1.28%. On Wall Street, stocks are seeing slight gains, with the S&P 500 up by 0.2% and the Nasdaq 100 by 0.3%. In commodities, Brent crude has surpassed $80 per barrel, while iron ore and gold prices

The likelihood of BHP (ASX:BHP) being compelled to impair the value of its Nickel West business and potentially consider its closure has increased. This development comes after the mining company confirmed the necessity of placing a crucial plant component on a care and maintenance basis. BHP’s decision follows Wyloo Metals, led by Andrew Forrest, announcing

In this Tuesday’s announcement, neither lithium nor nickel were mentioned or harmed, but the market displayed a notable surge in enthusiasm for True North Copper (ASX:TNC) shares. They skyrocketed by almost 40% following a strategic partnership with Glencore. This isn’t a takeover or merger; those formalities require regulatory approval from ASIC and the ASX. Instead,

Economic activity slowed over the Christmas-New Year break, according to the first business survey from the National Australia Bank, released on Tuesday. However, business confidence improved, especially in retail, as the Black Friday sales seemed to work a bout of magic. “Overall, both confidence and conditions are softest in manufacturing, retail, and wholesale, reflecting that

In a surprise announcement, small explorer Magmatic Resources (ASX:MAG) is revisiting its Myall copper gold prospect in the NSW Central West, near Alkane, Evolution, and Newmont/Newcrest’s significant mines and prospects. The company believes it had initially misinterpreted the results from a 22-hole drilling campaign. Magmatic has previously estimated the prospect to hold 110 million tonnes