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Chinese coal imports from Australia reach three-year highs just months after ban lift

Two months after the removal of bans on Australian coal, Chinese imports of coal from Australia surged to their highest levels in three years during July. China had imposed these bans in 2020, but they were lifted on May 18 this year. In this short span, inbound shipments have seen a remarkable increase, with China […]

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Navigating global economic events: A look at this week’s highlights

The global events diary slows this week, but that doesn’t mean there won’t be major events to hold investor attention. Today, the Chinese government shows the world that its economy is sliding into deflationary stagnation with the second cut in the Prime Loan Rate since June. Strong economies need rate rises at times, not two

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Stocks of the Hour: Orexplore Technologies, Piedmont Lithium, Jaxsta

Orexplore Technologies (ASX:OXT) has signed an agreement with BHP (ASX:BHP) for a field deployment at the Carrapateena mine in South Australia. In response, Orexplore’s Managing Director, Brett Giroud, commented: “this agreement further demonstrates increasing global demand for non-destructive, 3D information sourced rapidly from the field to inform decision processes, drive traditionally siloed collaboration around digital

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Global markets rattled as China Evergrande files for bankruptcy protection

Global stock markets are set to experience turbulence following the news that the beleaguered Chinese property behemoth, China Evergrande, has filed for bankruptcy protection in a New York court. Hong Kong markets, already at 9-month lows, are bracing for further declines today due to this development. Evergrande had previously disclosed a staggering $270 billion in

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Lithium price slump continues to impact SQM’s profits in Q2 2023

The decline in lithium prices, particularly in the crucial Chinese market during late 2022 and early 2023, continued to weigh on the performance of SQM, the Chilean-based second-largest global lithium group, trailing behind the US-based Albemarle. SQM reported a 32.5% drop in net profit for the second quarter compared to the same period the previous

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