Perth-based Mineral Resources (ASX:MIN) will spend up to $15 million buying Poseidon Nickel’s Lake Johnston nickel concentrator plant and mining rights, using it as the basis for a new lithium processing hub. However, that’s as far as MinRes will go up the processing chain for lithium, ruling out a hydroxide refinery like the one Abemarle, […]
MinRes acquires plant for lithium processing Read More »
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
ASX down 0.15% near noon: RBA commences its two-day meeting Read More »
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
Rainfall affects Regis Resources, Capricorn Metals, and Gold Road Read More »
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
Core Lithium’s cloudy future Read More »
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
DOE allocates $750M to advance ‘clean’ hydrogen technology Read More »
This week is poised to be one of the most significant for central bank meetings in years. The Reserve Bank, the US Federal Reserve, the Bank of Japan, and the Bank of England are all convening, with pivotal decisions and statements expected. The Reserve Bank of Australia (RBA) meets today and tomorrow, followed by the
Critical central bank meets highlight significant week ahead Read More »
Gold trailed behind as oil surged and iron ore declined sharply, while copper saw an increase. Nickel and zinc also had a noteworthy week. However, the unexpected news came from the sudden surge in oil drilling rig numbers in the US. This marks the third time in the past four weeks that there has been
Mixed commodity performance Read More »
The S&P 500 fell on Friday and notched its second-straight weekly loss, with technology stocks under pressure as inflation concerns remain front and centre ahead of the Federal Reserve’s policy meeting next week. The broad market index lost 0.65 per cent to close at 5,117.09. The Dow Jones Industrial Average dipped 190.89 points, or 0.49
S&P 500 slips amid inflation worries Read More »
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
US real estate industry undergoes ‘Big Bang’ transformation Read More »
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
Diverging metal markets Read More »
