LA Private

June 13, 2024

Stocks of the Hour: Pacific Nickel Mines, Elementos, Perpetual Resources

To register for Friday’s webinar click here. Pacific Nickel Mines (ASX:PNM) announced that mining operations at the Kolosori Nickel Project, in the Solomon Islands has achieved a significant milestone. The Project is now achieving a throughput of two ships per month, with ramp-up to full production of 1.5mtpa nearing completion, equivalent to three ships per […]

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ASX up 0.44% near noon: Australian employment rises by 39,700

In May, Australian employment rose by 39,700, reducing the unemployment rate to 4%. This exceeded expectations of 30,000 new jobs and highlights ongoing strength in the labor market, influencing Reserve Bank policies aimed at managing inflation despite economic growth challenges anticipated for the second quarter. At 11:30am, the S&P/ASX 200 is 0.44 per cent higher

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Strong May jobs data

There were no signs of weakness in the May jobs data, with nearly 40,000 new jobs, a small fall in unemployment, a drop in the jobless rate, and continuing high levels of participation. Australian Bureau of Statistics (ABS) data showed that more full-time jobs were created in May, while there was a small drop in

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