May 2024

by Tony Gu, Partner, Datt Capital Click here to visit the Datt Capital website. We estimate the total world manganese ore production to be approximately 60 million tonnes, or 20 million tonnes in manganese equivalent, accounting for differences in ore grades. Manganese ore specifications typically range from 30% to 44%. Grades lower than this specification […]

Despite unemployment rising above pre-pandemic levels, the Reserve Bank of New Zealand’s sturdy monetary policy stance will not change. Unemployment in the March quarter reached 4.3%, well above the 2019 average (the year before the pandemic broke) of 4.11%. But that’s not enough for the RBNZ to relax its interest rate regime, with the official

The great car boom has ended with the country’s biggest dealer, AP Eagers (ASX:APE), issuing a surprise earnings downgrade, which saw the shares slump almost 20%. The update from the company came after three huge years, as a shortage of vehicles led to surging prices for both new and used vehicles, resulting in very strong

icetana Limited (ASX:ICE) CEO Kevin Brown provides an overview of the company. Topics discussed include:Financialsicetana’s AI solutionicetana’s ecosystemGrowth strategy and lead indicators

Companies discussed include: James Hardie Industries (ASX:JHX)Aristocrat Leisure (ASX:ALL)GrainCorp (ASX:GNC)Telstra Group (ASX:TLS)

Australian shares opened slightly higher, with a 0.2% increase driven by gains in the tech sector, although Telstra experienced a 4% decline due to announced job cuts. Wall Street saw major indices reaching record highs, notably the S&P 500, which added 0.3% to its record high for the 24th time in the year. Iron ore

To register for Friday’s webinar click here. Charger Metals (ASX:CHR) announced that infill soil-sampling programme has further delineated surface lithium anomalies at the Mt Gordon Prospect at Lake Johnston, including anomalies not previously identified. The soils programme has also defined a large niobium anomaly 1.8 km by 1.7 km in the south of the tenement.

Investors observing China have noted some recent positive trends. China’s exports have begun to increase, bolstering economic growth despite a prolonged downturn in the property market and sluggish consumption. Chinese policymakers may see this as validation of their strategy focused on factory-driven growth. However, a significant structural issue remains largely unaddressed. While the government has

China has its own customs regarding gold, with buying gold during the Lunar New Year holiday being a notable tradition. Historically, the precious metal has traded at a premium to global prices in China around these holidays, which coincide with the peak season for retail demand. However, this year, Chinese gold buyers are breaking from

Webjet (ASX:WEB) revealed a record result for the year ending March 31, 2024, after reporting a record result for the previous year, ending March 31, 2023, a year ago. This leads to the question: if things are going so well, why the proposed split up of the company? That will be answered later. The headlines