January 2024

Global investment firm Morgan Stanley & Co. International plc+ has released a new report highlighting the bullish outlook for the uranium market. The report suggests that while uranium prices have already reached levels close to their forecast for the second quarter of 2024, there is still significant potential for further upside in the coming months. […]

European Central Bank (ECB) members are actively opposing the idea of a rate cut pivot, while U.S. investors observe the Federal Reserve’s movements. However, a near recession in Germany raises questions about the ECB’s potential course of action. According to a preliminary report from Germany’s Statistics Office on Monday, Germany’s GDP contracted by 0.3% in

FireFly Metals (ASX:FFM) has announced very strong high-grade copper and gold assays from its first drilling program at the Green Bay project in Canada.The results also extend the known VMS mineralisation by 350m, taking it well beyond the boundary of the current resource. A second diamond drill rig has arrived at site and will immediately

Australian equity markets opened weaker taking their lead from Europe after news of soft GDP numbers from Germany overnight. In Australia, Consumer Staples sector dragged lower by supermarket giants Coles and Woolworths. The weakness comes after the ACCC, Australia’s competition regulator, said it was considering suing a big supermarket chain for breaching consumer law. Woolworths (ASX:WOW)

Weak nickel prices might have been why Canadian miner, First Quantum Minerals is suspending mining at its Ravensthorpe nickel operation on Western Australia’s south coast, but that is just an additional headache for a company now struggling to stay afloat after losing a massive $US10 billion copper mine in Panama last year and seeing its

Rio Tinto has left its 2024 production targets unchanged since releasing them in December, with the key one – WA iron ore output estimated to be slightly higher than in 2023. The forecast rise – a few million tonnes – is not significant and for all intents and purposes guidance for this year is unchanged

European stocks closed lower Monday as US markets were closed for a holiday and investors in the region gear up for the World Economic Forum in Davos, Switzerland. The Stoxx 600 index closed down 0.5 per cent, with other major bourses and most sectors in negative territory. Household goods fell 1% as travel stocks climbed

Aus shares closed flat, while Santos’ NT gas project received the green light. Super Retail rallied on on a $2 billion sales update. At the closing bell, the S&P/ASX 200 was 0.03 per cent lower at 7,496.30.FuturesThe Dow Jones futures are pointing to a rise of 23 points.The S&P 500 futures are pointing to a

Retail giant Super Retail Group (ASX:SUL) is anticipating a somewhat subdued December half-year performance, revealing a modest ‘record’ sales achievement for the period on Monday. The company projects a record revenue of approximately $2.02 billion (unaudited), a marginal improvement from the $1.96 billion in the December 2022 half-year, attributed to higher prices. Despite an overall

Brisbane-based Cromwell Property Group (ASX:CMW) has disclosed another significant write-down in the value of its Australian property assets for the six months ending December 31, 2023. This revelation follows a larger impairment reported in June of the same year, affecting assets in both Australia and Poland. In a concise statement to the Australian Securities Exchange