July 9, 2024

The Salar de Atacama in Chile contains some of the world’s highest known concentrations of lithium and potassium.  Chile’s government has reported strong interest from private firms in lithium projects, indicating that it may surpass its goal of initiating three to four new projects by the end of 2026. The government received 88 proposals from […]

During the second quarter of this year, short sellers capitalized on their strategy of betting against stocks, amassing a substantial $10 billion in paper profits despite the broader market’s upward trajectory. Data from S3 Partners indicates that short sellers, known for borrowing and selling stocks with the intention of buying them back at lower prices,

China’s rising sales of so-called New Energy Vehicles (NEVs) can’t make up for the continuing weakness in sales of conventionally powered (or ICE, internal combustion) vehicles. For the third month in a row, June saw Chinese car sales slide 6.7% year over year to 1.767 million units. That was up 3.2% from May, according to

While Fed Chair Jay Powell wouldn’t get drawn into any discussions about the potential timing of any rate cut in the first of two appearances before the US Congress on Tuesday, he did send a hint or three to keep watching the central bank because something could be brewing. Asked when the Fed would cut

The S&P 500 & Nasdaq both closed at new records following encouraging commentary from Federal Reserve Chairman, Jerome Powell. The S&P 500 just managed to close in the green adding 0.07 per cent to a record 5,576. The Nasdaq closed 0.14 per cent higher also closing at a new record 18,429. Both major indexes also touched

Nico Resources (ASX:NC1) is wholly focused on its Wingellina Nickel-Cobalt Project (Wingellina or the Project). Wingellina is a fully owned, development-ready, large-resource project with a demonstrated ability to produce nickel and cobalt in Mixed Hydroxide Precipitate (MHP). In Corporate Connect Research’s (CCR)view Wingellina is the highest-quality nickel project in Australia with ore grade circa 1%

Spartan Resources (ASX:SPR) has confirmed why larger rival Ramelius has it in its sights. In an update issued Tuesday, Spartan told the ASX that it had found more “exceptional” assays from its Dalgaranga gold project in Western Australia. It was almost a case of ‘tit for tat’ statements from Ramelius on Monday and Spartan on

The Australian sharemarket saw a broad-based rally on Tuesday, driven by gains in US blue-chip tech stocks, pushing the S&P/ASX 200 Index up by 0.9% to 7829.7. All 11 sectors ended in the green, with notable performances from the communication services and consumer discretionary sectors. Major banks and tech stocks also saw significant gains, contributing

Australian shares opened higher, with the S&P/ASX 200 Index rising 0.7% to 7815.2, driven by a rally in blue-chip tech stocks that also pushed the S&P 500 to a new record high. On the ASX, communication services led gains, with Telstra up over 2% and REA Group up 1.1%, while tech stocks followed the Nasdaq’s

Now, this will confuse economists, analysts, and the members of the Reserve Bank second-guessers in the business media. According to the latest National Australia Bank survey for June, business conditions fell (no surprise), but business confidence jumped to 18-month highs (a big surprise). The two don’t really chime, do they? While conditions fell to a