January 2024

Chariot Corporation (ASX:CC9) has advised that drilling activities at the Black Mountain Project have been halted for the year-end holiday period. Shares are trading 0.9 per cent lower at 55 cents. Tempest Minerals (ASX:TEM) has executed a binding agreement for the acquisition of the Elephant project. The terms include $100,000 in cash and shares and […]

Western nations have found themselves in a precarious situation following China’s recent bans on the exports of specific rare earth technologies, intensifying the urgency to develop alternative sources in Australia, according to Australia’s Resources Minister, Madeleine King. Minister King is set to announce nearly $22 million in support for three research initiatives aimed at creating

In the early days of this year, short sellers have turned their attention towards lithium companies, making them some of the most heavily bet-against stocks in the sharemarket. This shift comes as prices for the crucial battery metal experience a decline, raising concerns about the sustainability and capitalization of some companies in the industry. According

In a surprising turn of events, Australian companies, Fortescue (ASX:FMG) and Woodside (ASX:WDS), find their ambitious hydrogen projects hanging in the balance following proposed rule changes by the United States. These changes could potentially exclude them from accessing cash incentives under the Inflation Reduction Act (IRA), worth billions of dollars. Woodside’s H2OK project, which was

Big American oil companies are merging to enhance commercial security, protect safety margins, and reduce costs. Now, they are joined by major gas players as US natural gas companies Chesapeake Energy and Southwestern Energy near a $US17 billion merger. The reasons for these mergers are clear: the desire for scale, cost control amid weak prices

The first week of 2024 was less than favorable for Apple as its shares dropped by nearly 6% in a shortened trading week (due to New Year). The world’s largest company by market value is bracing for more uncertainty in the immediate future. In fact, if the stock’s weakness continues this week, it could lose

In 2023, record gold prices surged twice within the year, driven by various global factors, including the impact of a strong US dollar, geopolitical tensions, rising interest rates, and political uncertainty in Europe and the United States, amid persistent inflation concerns, although it was on the decline. Investors sought refuge in gold during times of

One way or another, the next month or so could very well set the tone for the first half of 2024. Will it be a continuation of the rosy belief that the Fed’s interest rate pivot remains in place, or will it bring uncertainty and choppiness, as seen in the first trading week of the

The S&P 500 closed Friday slightly higher, but all three major indices ended a nine-week winning streak due to a better-than-expected jobs report. The broader S&P 500 index increased by 0.18 per cent to finish at 4,697.24.The Nasdaq Composite edged up 0.09 per cent to end at 14,524.07.The Dow Jones Industrial Average inched higher by

In 2023, the US job market experienced a notable slowdown due to the impact of the Fed’s rate increases, which began to affect job creation and vacancies. However, real wages ended the year with a modest increase, raising concerns for the central bank and the possibility of keeping interest rates higher for a longer duration.