Australia’s export earnings from natural resources dropped by roughly 10% over 2023-24 and are forecast to fall further in the coming year, according to the June quarter Resource and Energy Quarterly, released on Monday. Lower prices for iron ore and coal, as well as some renewables, will be the culprits, along with expectations for a […]
Australia’s resource export earnings forecast to fall further Read More »
CoreLogic data showed national average home prices rose 8% over 2023-24, up from a 2% fall in 2022-23.However, trend monthly growth has slowed from the highs seen mid last year with prices up 0.7% in June.And the pace of gains was highly diverse ranging from a small fall in Hobart to booming conditions in
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.
China tightens rare earth regulations amid rising global competition Read More »
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
ASX down 0.29% near noon: Investors await elections in UK and France Read More »
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
Stocks of the Hour: Wellard, Infini Resources, Argent Minerals Read More »
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
ASX down 0.29% near noon: Investors await elections in UK and France Read More »
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
Anglo American shuts down Queensland mine after underground fire Read More »
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
Whats the outlook for commodities? Read More »
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
Iron ore market insights Read More »
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
Market outlook for 2024-25 Read More »
