March 2024

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

Resource Mining Corporation (ASX:RMI) has received a series of Copper-Gold laboratory assays from two of the Mpanda Prospect anomalies. These initial results have confirmed the copper soil and auger anomalies as defined by hand held XRF, and further assaying for gold has indicated significant gold anomalies and mineralisation. Shares are trading 118.75 per cent higher

Australian shares started trading slightly higher on Tuesday, driven by gains in banking stocks following modest movements in New York, with investors eyeing the US February CPI report for insights into future Federal Reserve interest rate decisions. Despite overall gains, declines in energy sector offset some of the upward momentum, with concerns over China’s economic

Lake Resources (ASX:LKE) is seeking a rapid $20 million infusion just a week after announcing a second round of cost reductions to safeguard its prized Kachi lithium project in Argentina. Shares of Lake were placed on a trading halt before Friday’s market opening as the company disclosed its intention for a capital raising. On Monday,

The S&P 500 wavered on Monday as the rally that brought the major averages to record highs cooled off. Investors also looked ahead to fresh U.S. inflation data. The broad S&P 500 slipped 0.11 per cent to 5,117.94. The Nasdaq Composite slid 0.41 per cent to 16,019.27, as technology stocks struggled. Both saw their second

Japan’s stock market sold off steeply on Monday as investors assessed better economic growth data and concluded that it could see the end of the current super easy monetary policy stance from the Bank of Japan at its two meetings next week. The index was down more than 2.3% just after 1 pm Sydney time

In yet another display of stern resolve, the Chinese government is doubling down on its stance towards the beleaguered property sector, signaling a no-nonsense approach to tackling its woes head-on. Reports from western media outlets on Monday shed light on remarks made by China’s Housing Minister, Ni Hong, in which he unequivocally stated that property

Iron ore prices have taken a nosedive, plummeting nearly 5 per cent and inching towards the $US110 a tonne threshold, as China’s demand disappoints, leaving the market grappling with hefty inventories. The backbone of steel production has witnessed a steep decline of almost a quarter since its peak in early January, with China’s real estate