HighCom (ASX:HCL) has received a new $2.5m ballistic product order from a military customer. The customer has issued the purchase order, and it will be delivered during H1 FY25. Shares are trading 39.29 per cent higher at 19.5 cents. Grand Gulf Energy (ASX:GGE) has announced that a drill permit has been secured for the Red […]
Stocks of the Hour: HighCom, Grand Gulf Energy, Sunstone Metals Read More »
Mars, one of the world’s biggest companies dominating candies, food, chocolates, snacks, and especially pet food and pet care products, is aiming to expand its reach into salty snacks (think chips) by acquiring the Kellogg spin-off, Kellanova, for over $22 billion. The news sent shares soaring 16% on Monday, following weekend rumors of Mars’ interest
Mars seeks snack dominance with $22 billion Kellanova bid Read More »
July and the seven months from January to July were another tough period for Tesla in China, which again saw sales decline compared to the previous year. Preliminary Chinese car industry data shows that Tesla China sold 500,740 vehicles in the January-July period, down 7.41% from the same period in 2023. However, sales in July—including
Tesla struggles in China amidst tough market Read More »
Last Thursday, August 1, Polymetals Resources (ASX:POL) announced that it had completed the purchase of the Endeavor silver-lead-zinc mine near Cobar, in western NSW. On Monday, it revealed that it hadn’t been standing still, unveiling mining plans that had obviously been put together in the knowledge that the deal would go through. Polymetals said its
Polymetals unveils lucrative Endeavor mine plan Read More »
In yesterday’s market mayhem, another encouraging update by Lynas Rare Earths (ASX:LYC) on its reserves position went unnoticed. But the bottom line is that the company said the size of its total mineral resource at its Mount Weld rare earths deposit near Laverton in Western Australia has increased by more than 40% in the past
Lynas Rare Earths reserves surge Read More »
So, will the fate of Anglo American’s revamp be effectively decided this week? Glencore, the most likely suitor for Anglo’s Australian coking coal mines in Queensland, will explain its future coal strategy with its latest results on Thursday night Sydney time. Glencore will signal its interest in further coal investment by revealing plans regarding a
Glencore’s coal gamble Read More »
US stocks plummeted on Monday, with the Dow Jones Industrial Average suffering its worst day in nearly two years. A surge in recession fears ignited by a disappointing jobs report sent shockwaves through global markets. The Dow plunged 1,033.99 points or 2.6 per cent to close at 38,703.27. The Nasdaq Composite and S&P 500 also
Wall Street plummets in worst day in nearly two years Read More »
Woodside Energy (ASX:WDS), Australia’s largest oil and gas developer, has announced its second acquisition of US assets within weeks. The Perth-based company has agreed to pay $2.35 billion for a low-carbon ammonia project in Texas from OCI Global. This follows Woodside’s $1.2 billion takeover of the struggling US liquefied natural gas developer Tellurian in late
The investor shift from Big Tech to smaller stocks in July gave the Russell 2000 index one of its best months in years, marking its biggest outperformance against mega caps since 2001. However, some of the gains have already started to unwind. The small-cap benchmark rose 10.2 percent last month as investors grew disenchanted with
Small caps shine, then fade Read More »
An Australian start-up, backed by mining giant Rio Tinto (ASX:RIO), is raising funds to develop a lithium extraction technology that could unlock new reserves of this essential battery component and reduce global reliance on China for refining the commodity. ElectraLith, a spin-off from Melbourne’s Monash University, has successfully produced battery-grade lithium hydroxide from various raw
Australian startup seeks to break China’s lithium grip Read More »
