LA Private

June 3, 2024

OPEC+ extends production caps

Never a good sign to show weakness when you claim to be controlling a key commodity market and expect to escape some sort of punishment. But that’s what the OPEC+ group did with its extension of its production caps until well into 2025—down went prices on Monday, thereby making all OPEC members poorer for at […]

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BYD shifts focus to PHEVs

In more unwelcome news for the lithium wannabees and actual miners and refiners, BYD, the world’s biggest maker of electrified vehicles, is continuing its push away from concentrating on lithium-gobbling battery-only EVs. BYD is China’s biggest maker of electrified vehicles and is released figures confirming that Mat saw it continue to push deeper into the

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ASX closes 0.77% higher: Aus shares on rate cut speculation

The Australian share market began June with strong gains, following a positive trend in US stocks driven by subdued inflation data, prompting confidence in potential future rate cuts by the Federal Reserve. Key sectors like utilities, finance, and real estate performed well, while fluctuations in commodity prices impacted mining stocks.  At the closing bell, the

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