Iron ore looks good, nickel faces challenges, coking coal struggles, thermal coal holds steady, and copper shines in BHP’s (ASX:BHP) December quarter and half-year production and sales reports. According to BHP, the first half of the year has been solid operationally. The company maintained full-year guidance for iron ore, copper, and thermal coal but expressed […]
BHP’s production reports: Mixed outlook for metals Read More »
China’s economic troubles were laid bare on Wednesday for the world to witness, signaling a troubled economy. Wednesday’s release of economic data for December, the quarter, and 2023 confirmed the extent of the crisis: house prices plummeted at rates not seen in 8 years, property sector investment plunged once again, and the population experienced its
China’s economic woes exposed as growth stalls and population decline continues Read More »
What was more significant in China’s steel production data from the National Bureau of Statistics (NBS) on Wednesday: the annual increase in crude steel production after three years or the steep decline in monthly production in December to a six-year low? The latter is more indicative of the state of steel demand in China heading
China’s steel production data reveals concerns for 2024 Read More »
Elon Musk wants more control over Tesla—25% to be exact, which is nearly double his current holding. This desire marks a reversal from two years ago when he sold 22 million Tesla shares to help finance his $US44 billion Twitter purchase, reducing his stake in the EV maker from 17% to approximately 13.7%. The Twitter
Elon Musk aims to nearly double stake in Tesla Read More »
On Wednesday, the world’s largest player in the lithium industry, Albemarle of the US, unveiled extensive restructuring and cost-cutting measures aimed at saving millions of dollars in expenses and capital expenditures (capex). This development sheds light on Albemarle’s decision to divest its nearly 4% stake in Liontown following the thwarted takeover attempt at $3 a
Albemarle’s major cost-cutting in deepening lithium industry recession Read More »
Stocks fell Wednesday as Treasury yields tracked higher following the release of stronger-than-expected U.S. economic data. Retail sales data for December came in stronger-than-expected, indicating a resilient consumer and putting aggressive rate cuts from the Federal Reserve into doubt. Retail sales were up 0.6 per cent from November, and gained 0.4 per cent month-over-month excluding
S&P500 falls after retail sales data for December comes in better than expected Read More »
The recent COP28 conference held in Dubai, being colloquially referred to as the Nuclear COP, was the first of the regular series of events held by the United Nations where the nuclear industry was welcomed with open arms as a critical factor in achieving Global Net Zero. This resulted in the Triple Nuclear pledge, where
Nuclear critical for global net zero Read More »
Shares in Evolution Mining (ASX:EVN), a gold and copper miner, tumbled more than 20% yesterday as it released a concerning production report for the December quarter and half-year. Weak production and higher costs were made even more disappointing by falling short of 2022’s figures, despite the acquisition of the Northparkes mine for over $700 million
Evolution Mining plunges over 20% Read More »
Chinese Premier Li Qiang had already revealed China’s official GDP growth rate for 2023 – 5.2% – during the Davos talkfest in Switzerland on Tuesday, a day before the country’s National Bureau of Statistics was set to release the official data on Wednesday. During the conference, Premier Li mentioned that the Chinese economy had rebounded
Chinese Premier leaks 2023 GDP growth Read More »
Companies discussed include: Zip Co (ASX:ZIP)Altium (ASX:ALU)WiseTech Global (ASX:WTC)
The Australian software sector, WTC, ZIP, ALU Read More »
