October 2024

Tim Harrison – Managing Director – Ionic Rare Earths Limited (ASX:IXR) is harnessing technology to accelerate mining, refining and recycling of magnet and heavy rare earths critical for energy transition, advanced manufacturing and defence.

Well, well, well, will our four major banks change tack now that American giants JPMorgan Chase and Bank of America are rediscovering branch banking—particularly in poorer areas of the country? It’s a major about-face because, up until the end of 2022, JPMorgan, along with rivals like Wells Fargo, Citi, U.S. Bancorp, and others, had been

The news from the car industry grows worse by the day. Not only have the three major German manufacturers—VW, BMW, and Mercedes—all confessed to the prospect of lower sales and profits, with China being a common factor along with weak demand in Europe, but the large U.S.-European automaker Stellantis seems to be facing deeper problems

Sims Ltd (ASX:SGM) says it has completed the sale of its UK Metals business—a deal that resembles an old-fashioned layby, judging by the terms of the sale outlined on Friday. Sims informed the ASX that the “after-tax cash proceeds are now estimated at around £182 million ($A349 million). That’s $A36 million less than the £195

Australian shares have opened lower, as losses across the index outweighed gains in oil majors amid rising concerns that Israel might retaliate against Iran by targeting the latter’s oil assets. At 11:40am, the S&P/ASX 200 is 1.09 per cent lower at 8,115.80, with 10 of the 11 ASX sectors in decline, led by Materials, which

To register for today’s webinar click here. Platina Resources Limited (ASX:PGM) has confirmed two gold intersections at its Challa Gold Project in Western Australia, including 12m at 0.66g/t Au from aircore hole CHAC0155. The findings suggest potential mineralisation along a 17km stretch, prompting plans for further drilling and detailed assays. Shares are trading flat at

Stocks declined on Thursday as rising tensions in the Middle East left investors uneasy ahead of September’s payrolls report. The Dow Jones Industrial Average fell 184.93 points, or 0.44 per cent, finishing at 42,011.59. The S&P 500 dipped by 0.17 per cent to close at 5,699.94, while the Nasdaq Composite edged down 0.04 per cent

The new car market experienced a crunch in September, with sales slumping 12.4% to 97,020 units compared to the same month in 2023, and down around 1% from August. The September figure was the lowest since last December, when approximately 84,000 new vehicles were sold. Including sales by Tesla and Polestar—companies that are not reported

Westpac announced on Thursday that it will sell the remainder of its auto finance business to Australian non-bank lender Resimac, completing the bank’s divestment of the unit following a partial sale in 2021. In that year, Westpac sold its wholesale dealer loan book to a unit of American investment firm Cerberus Capital Management. At the

Even though its quarterly car sales fell short of expectations, Tesla managed to maintain its lead as the leading producer of pure electric vehicles powered by batteries. Tesla reported a 6.4% increase in EV deliveries from the third quarter of 2023, reaching 462,890 units by September 30, just ahead of the 419,426 units sold by