July 1, 2024

Are the growing number of rare earth projects in Australia and elsewhere starting to force China onto the back foot? The likes of Lynas (and its expanded product line from 2025), Iluka, Northern Minerals, and Arafura (Nolans) are starting to be felt globally, along with projects in the US, Canada, southern Africa, Sweden, and Norway. […]

Wellard (ASX:WLD) has signed a binding contract to sell its oldest livestock vessel, the M/V Ocean Ute, for approx. A$18.1 million in cash. The Wellard Board intends to return the majority of the net sales proceeds to shareholders and it is currently considering the available options of doing so. Shares are trading 70.59 per cent

The Australian sharemarket opened lower due to anticipation surrounding elections in the UK and France, amidst ongoing global uncertainty. At 11:35am, the S&P/ASX 200 is 0.29 per cent lower at 7,745, with technology stocks, notably WiseTech, declining by 1.9% and 4% respectively. Investors are also monitoring upcoming French elections, while domestic focus shifts to upcoming

The Australian sharemarket opened lower due to anticipation surrounding elections in the UK and France, amidst ongoing global uncertainty. At 11:35am, the S&P/ASX 200 is 0.29 per cent lower at 7,745, with technology stocks, notably WiseTech, declining by 1.9% and 4% respectively. Investors are also monitoring upcoming French elections, while domestic focus shifts to upcoming

Anglo American has closed an underground coal mine in central Queensland after a fire broke out over the weekend. The company reported that the fire occurred at the Grosvenor metallurgical coal mine near Moranbah in the Bowen Basin coal mining province of central Queensland. This is the same mine where an explosion in May 2020

Gold dominated, reaching a record of $US2,454 an ounce on Comex in May, closing the month, quarter, and half-year at $US2,336.98—an increase of 0.06% for the week, down 0.46% for June, but up 3.46% for the past three months and nearly 13% for the year to date by Friday. Silver ended June and the half-year

Global iron ore prices ended the 2023-24 financial year with a reasonable 11% gain. The rise—from $US97.80 at the end of June 2023 to $US106.75 on Friday on the SGX platform in Singapore—was stronger than many anticipated, given the price fluctuations throughout the year. Prices rose, fell, rose again, and then stabilized. The second half

A significant 35-point drop is anticipated on the first day of ASX trading in the 2024-25 financial year, likely to become a frequent occurrence in the months ahead amidst mounting uncertainties surrounding inflation, the global economy, and politics. The ASX 200 closed at 7767.5 on Friday, up from 7203.3 in 2022-23, marking a modest annual

In a weekend media interview, Warren Buffett revealed a substantial change to his planning for his $US128 billion-plus estate, confirming that his three children will play a major role after his death. He also announced that the Gates Foundation, established by Microsoft co-founder Bill Gates and his then-wife Melinda, will no longer be included in