January 2024

By mid-afternoon, the Australian share market rose by 0.6%, influenced by a positive trend in the US stock market. This surge was driven by expectations of lower interest rates for the year. However, warnings from local mining companies regarding falling metal prices, including copper, nickel, and lithium, limited the overall gains. Tech stocks performed well […]

On Monday, the tech sector witnessed another dramatic downturn, as shares in Appen slumped by 37%, adding to the bloodshed in the market. This time, it was not the lithium and nickel resources sector but the tech sector itself that took a hit. The embattled artificial intelligence (AI) data services company announced a major setback,

The cutbacks in resources continue, especially in Western Australia (WA), with the nickel and lithium sectors bearing the brunt of spending reductions, mine closures, and the suspension of exploration activities. This is due to nickel prices plummeting by 50% in the past year, while lithium prices for spodumene, the hard rock ore for hydroxide, have

American home sales hit a 30-year low, delivering bad news for News Corp (ASX:NWS) and its 61% owned Australian US property listings REA Group (ASX:REA). Together, they control Move, a larger US counterpart to REA, with News owning 80% and REA owning 20%. Both companies are bearing the brunt of this severe downturn, which surpasses

South32 (ASX:S32) announced on Monday that it expects its full-year group output to be 3% lower than previously forecast. The company attributed this decline to production problems, lower-than-expected grades, and plant power outages. However, South32 remains optimistic about an improvement in performance in the ongoing June half-year. The multinational miner reassured the market by stating

In another ‘bloody Monday’ news release, Liontown Resources (ASX:LTR) has joined the project review queue, resulting in the loss of a massive funding package aimed at completing the Kathleen Valley project. This news caused the company’s shares to plummet by 26% in a matter of minutes, further exposing significant losses for major shareholder Gina Rinehart

The Australian sharemarket increased in response to a US rally, with the S&P 500 and Nasdaq reaching record highs, driven by anticipation of potential interest rate cuts by the Federal Reserve later this year. The S&P/ASX 200 is 0.56 per cent higher at 7,462.40. The SPI futures are pointing to a rise of 36 points.

ABx Group (ASX:ABX) announced high-grade rare-earth elements results from the first rare earths drilling campaign at the Wind Break deposit, which is located 15 km northeast of the 52 million tonne Deep Leads-Rubble Mound rare earths resource1. The results are an emphatic confirmation of ABx’s northern Tasmanian exploration target area that exceeds 100km2. Shares are trading

In a significant move towards bolstering the United States’ electric vehicle (EV) infrastructure and fostering clean energy employment, the Biden-Harris Administration has unveiled a funding injection of US$46.5 million (AUD$70.6 million) to support 30 projects across 16 states and Washington, D.C. These projects are designed to enhance the performance, resilience, and reliability of EV charging

In 2023, China provided a substantial $A8 to 10 billion plus a bonus to the Australian trade account, benefiting companies like Whitehaven Coal, BHP, Glencore, Yancoal, and other thermal coal miners and exporters from New South Wales (NSW) and Queensland. This surge in Chinese imports of Australian coal followed the removal of a two-year ban