March 12, 2024

Thanks to the week-long Lunar New Year break, February car sales in China fell from January and were lower over the year, with sales of conventional and New Energy Vehicles (NEVs) declining. Despite exports rising for the first two months of the year and sales from a year ago, the increasingly competitive market and the […]

On Tuesday, iron ore prices displayed a distinct contrast as they rose in Singapore but dipped in the crucial Chinese market of Dalian. This shift in pricing dynamics is likely to impact sentiments surrounding major exporters like BHP (ASX:BHP), Rio Tinto (ASX:RIO), Fortescue (ASX:FMG), and Mineral Resources (ASX:MIN), who play significant roles in the iron

US inflation unexpectedly rose to 3.2% last month, which will likely make the US Federal Reserve reluctant to change its approach to rate cuts this year. It was only a small rise – 0.1%, but it marked the second consecutive monthly increase in the annual rate. This development will make it harder for a cautious

Stocks jumped Tuesday after fresh U.S. inflation data was about in line with expectations, clearing the way for investors to resume buying high-flying tech names such as Nvidia and Meta Platforms. The Dow Jones Industrial Average gained 235.83 points, or 0.61 per cent, to close at 39,005.49. The S&P 500 ticked up 1.12 per cent

In the rugged landscapes of Western Australia’s mining regions, the relentless onslaught of wet weather continues to pose significant challenges for industry players. The latest victim of nature’s fury is Capricorn Metals’ (ASX:CMM) Karlawinda gold mine, nestled in the heart of the Pilbara. Facing its second deluge in less than three months, the company finds

Ramelius Resources (ASX:RMS) recently unveiled a comprehensive 10-year mining plan for its flagship Mt Magnet operation in Western Australia. However, beyond the surface-level revelations lies a narrative brimming with confidence in the company’s financial fortitude, particularly as it navigates discussions of a potential merger with Karora Resources, a Canadian-listed Australian gold miner. In a detailed

Business conditions improved slightly in February, yet confidence dipped, according to the latest NAB survey on the Australian economy. The respected monthly survey confirmed that while inflation remains a challenge and retailing is sluggish, business investment is on the rise. Key findings include a 3-point increase in business conditions, reaching +10 index points, with trading

Recent data analysis from the Australian Securities and Investments Commission (ASIC) sheds light on significant short squeeze activity that unfolded on the ASX in late February. Hedge funds made substantial adjustments to their positions, leading to the covering of nearly $1 billion worth of shorted shares and reshuffling their bets towards prominent ASX-listed companies. According

Pilbara Minerals (ASX:PLS) is poised to reinvigorate the market for spodumene concentrate as it gears up to resume its auctions early next week. The move comes as the company seeks to leverage price dynamics to stimulate demand in the lithium sector. Having orchestrated the Battery Material Exchange (BMX) auctions successfully in 2021 and 2022, Pilbara

China’s 18 top copper processors are convening tomorrow to address the burgeoning crisis in copper concentrate supplies, marking a pivotal moment for the world’s largest copper processing industry. The sector, responsible for over half of global copper output in 2023, faces challenges sourcing materials amidst mining shortfalls and heightened competition from India. The looming supply