At the closing bell, the S&P/ASX 200 was closed 0.2 per cent higher at 7206.90 points. Iron ore prices rallied after new bank lending in China released on Monday handily beat expectations and eased some concerns about the Asian giant’s economic outlook. In Singapore, the benchmark October futures contract rose 1.1 per cent to $US118.65 […]
ASX closes 0.2% higher as iron ore rallies Read More »
Well-known Perth mining figure, Tim Goyder, has invested over $30 million to support Chalice Mining’s (ASX:CHN) share price. This investment comes after the share price suffered a significant downturn earlier this month due to investor dissatisfaction with the Scoping Study for the massive Gonneville renewable metals prospect in Western Australia. The study, released on August
Tim Goyder’s $30 million boost to Chalice Mining shares Read More »
12 Sep 2023 – A snapshot of the stocks on the move, featuring NOVONIX (ASX:NVX), icetana (ASX:ICE) and Ionic Rare Earth (ASX:IXR).
Stocks of the Hour: NOVONIX, icetana, Ionic Rare Earth Read More »
NOVONIX (NASDAQ:NVX, ASX:NVX) announces results of engineering study on proprietary all-dry, zero-waste cathode synthesis process. The study found that NOVONIX’s process may potentially reduce power consumption by an estimated 25% and practically eliminate waste byproduct generation over the conventional process. In response, NOVONIX CEO Dr. Chris Burns, stated, “the cathode active materials market is projected
Stocks of the Hour: NOVONIX, icetana, Ionic Rare Earth Read More »
At noon, the S&P/ASX 200 is 0.18 per cent lower at 7,179.60. While mining sector gains offered some support, they were offset by losses in the energy and banking sectors. Investor sentiment was also dampened by the results of a Westpac-Melbourne Institute survey, which revealed a decline in consumer confidence for September. This decline persisted
ASX down 0.18% at noon as consumer confidence dips Read More »
Incitec Pivot (ASX:IPL), the explosives and fertiliser manufacturer, is poised for a tumultuous trading session today (Tuesday) following the release of a mixed trading update well after Monday’s trading hours had concluded. Incitec Pivot (IPL) informed the ASX that its “overall Group financial performance remains broadly in line with the outlook provided in May 2023.”
Incitec Pivot faces turbulent trading day as mixed update unfolds Read More »
Liontown (ASX:LTR) shares are set to surge today following confirmation from Gina Rinehart’s Hancock Prospecting that it has acquired a substantial stake in Liontown Resources, potentially disrupting the $6.6 billion cash offer from US lithium giant Albemarle. On Monday, Liontown shares closed at $3.01, a slight dip from Friday’s closing price of $3.04, which was
Hancock Prospecting shakes up lithium with Liontown stake Read More »
China has been quietly but consistently increasing its gold reserves while simultaneously reducing its holdings of US Treasuries, a move that has garnered attention from financial experts worldwide. The rationale behind this shift and its potential implications for global markets are subjects of ongoing analysis. BetaShares Chief Economist David Bassanese noted China’s recent actions, stating,
China boosts gold reserves amid global central bank diversification Read More »
12 Sep 2023 – Stocks rose Monday to start a big week of inflation data as investors bought up tech shares in the wake of recent weakness.
Nasdaq lifts as investors pour into tech stocks Read More »
Stocks rose Monday to start a big week of inflation data as investors bought up tech shares in the wake of recent weakness. The Nasdaq Composite rallied by 1.14 per cent to 13,917.89. The S&P 500 gained 0.67 per cent to 4,487.46. The Dow Jones Industrial Average rose 87.13 points, or 0.25 per cent, to
Nasdaq lifts as investors pour into tech stocks Read More »
