October 2024

CME Group has launched contracts tracking the price of spodumene, a key raw material for lithium batteries, heightening its competition with the London Metal Exchange (LME) in the global battery metals market. On Monday, the U.S. exchange announced its plans to introduce futures contracts for spodumene, the lithium-rich rock mined for chemicals used in electric […]

Oil prices surged on Tuesday following Iran’s missile attack on Israel, raising concerns that the Middle East could be heading toward a full-scale regional conflict that might disrupt global energy supplies. Brent crude, the international benchmark, soared as much as 5% to $75.40 a barrel during intraday trading, while the U.S. benchmark West Texas Intermediate

The volatile building approvals data from the Australian Bureau of Statistics has again delivered — instead of a large rise, as we had in July, we got a big fall in August. ABS data showed that total dwellings approved last month fell 6.1% to 13,991. That partially reversed the 11% increase in July (up from

Struggling women’s fashion retailer Mosaic Brands (ASX:MOZ) is hacking into its business to try and stay alive. The company will exit five brands and close more than 200 stores as it struggles to get its shares listed back on the ASX after they were suspended because the company didn’t lodge them in time. The company

Shares in Sigma Healthcare (ASX:SIG) jumped more than 25% yesterday after the ACCC invited submissions. This was in relation to the pharmacy wholesaler’s proposed court-enforceable undertaking regarding its $700+ million acquisition of Chemist Warehouse. The Commission published a statement of issues in June which revealed a range of preliminary competition concerns with the proposed acquisition

Now this is a bit of a surprise — Australian retail sales jumped sharply in August, but shoppers are supposed to have been put to sleep by high interest rates and pressure on household incomes. The tax cuts that started on 1 July, we have been confidently told by media business writers, economists banks and

An exciting day saw the meandering battle for control of Namoi Cotton, the country’s top cotton producer, end with a win to French group Louis Dreyfus Company (LDC). The day saw two pauses in trading, a higher offer from LDC and news that one of the French agri commodities giants had emerged as the biggest

Shares in REA Group (ASX:REA) jumped more than 4% yesterday, taking the recovery in the past week to nearly 9% as investors realised the Murdoch-controlled real estate listings platform would not get hold of its UK peer, Rightmove, despite a series of sweetened offers. A week ago, REA shares bottom out at just over $192

Altech Batteries (ASX:ATC) has announced a breakthrough in energy storage with the completion of its first CERENERGY 60 kWh prototype. Installed at the Fraunhofer IKTS laboratory in Dresden, Germany, the prototype is undergoing daily evaluations, demonstrating promising performance under real-world conditions. CEO Iggy Tan expressed enthusiasm for the prototype’s performance, stating, “We are extremely pleased

Altech Batteries Limited (ASX:ATC, FRA: A3Y) has announced that its first CERENERGY® ABS60 battery prototype is now operational. The prototype has successfully passed all physical tests and is currently undergoing daily charging and discharging cycles at Fraunhofer IKTS’ test laboratory in Germany. Shares are trading 10.53 per cent higher 4.2 cents. Golden Mile Resources Limited