LA Private

March 2024

ASX down 0.15% near noon: RBA commences its two-day meeting

The Australian sharemarket opened lower, extending losses from the previous week, as the S&P/ASX 200 dipped 0.3% to 7645.2 points, with the real estate sector performing the worst, amidst anticipation of central bank decisions worldwide, including from the US Federal Reserve, Bank of Japan, and Bank of England. The Reserve Bank of Australia commenced its

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Rainfall affects Regis Resources, Capricorn Metals, and Gold Road

Regis Resources (ASX:RRL), along with Capricorn Metals and Gold Road, has revealed setbacks to planned production due to last week’s record rainfall in parts of the WA Goldfields. Capricorn Metals (ASX:CMM) reported that its Karlawinda gold project in the Pilbara experienced a second rain event in three months, forcing the mine to process lower-grade stockpiled

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Core Lithium’s cloudy future

It was a sorry set of half-year figures from Core Lithium (ASX:CXO) last week, confirming that the company’s future remains very clouded. The interim report came the same day as the CEO stepped down, part of Core’s slimming-down-to-survive mode. The report reveals multiple challenges (headwinds) ahead, besides the low prices and slowing demand for the

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DOE allocates $750M to advance ‘clean’ hydrogen technology

The Department of Energy (DOE) has unveiled a significant investment of $750 million in research and development aimed at bolstering “clean” hydrogen technology. This initiative, funded under the bipartisan infrastructure law of 2021, is poised to revolutionise the landscape of hydrogen fuel production, promising an annual increase of 1.3 million metric tons in clean hydrogen

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US real estate industry undergoes ‘Big Bang’ transformation

In a move with global ramifications, the massive US home buying and selling industry has just experienced a seismic shift akin to the deregulatory explosions in financial markets of the 1980s and 1990s. In a shock announcement late Friday, America’s National Association of Realtors (NAR) revealed it had reached a settlement with groups of home

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Diverging metal markets

Late last week, conflicting price movements were observed in two key industrial metals, with China serving as the common link. Copper surged to multi-month highs while iron ore slumped sharply to below $US100 a tonne on Friday in Singapore. The slide in iron ore prices saw the price of 62% Fe fines (Pilbara blend type

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