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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 […]

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

Oil prices are set to experience their first weekly decline since June due to a combination of concerns regarding China’s economic weakness and the potential for stricter monetary policy in the US. West Texas Intermediate crude is approaching $80 per barrel, marking its fourth drop in five sessions. This decline of over 3% during the

The recent purchases of shares by Berkshire Hathaway in three US home builders have stirred interest, though they lack the opportunistic flair of previous endeavors such as venturing into the oil and gas sector with Chevron and Occidental last year, or securing a stake in a tech giant, as was the case years ago with

On Thursday in the US, a bullish mix of strong economic data on building starts, industrial production, unemployment claims, and Walmart’s latest quarterly sales and earnings report unfolded. The impact was felt across various sectors, leading to rises in US bond yields and concerns about economic growth and inflation. Notably, Walmart’s impressive performance drove increased

For the second time in three months, Evolution Mining (ASX:EVN) has expanded the mineral resource size at its Ernest Henry copper and gold mine in northern Queensland, now exceeding 100 million tonnes of ore containing valuable copper and gold. Released on Thursday, alongside the company’s 2022-23 financial results and annual report, the upgrade garnered overshadowed

18 Aug 2023 – Stocks slid for a third session on Thursday as investors digested the latest round of earnings and economic data.

ESG developments have taken center stage this week, with significant events shaping the landscape of climate action, corporate responsibility, and market performance. Chart of the Week: Thematic Sectors Reflect a Year of IRA Passage A year has passed since the Inflation Reduction Act (IRA) was signed into law by President Biden, igniting discussions about its

Stocks slid for a third session on Thursday as investors digested the latest round of earnings and economic data. The Dow Jones Industrial Average dropped 290.91 points, or 0.84 per cent, to close at 34,474.83. It was the first time the 30-stock Dow closed below the 50-day moving average since June 1, a potential warning

In recent developments within the lithium market, East Asian and global prices have witnessed a downward trend, driven by weak buying appetite, sluggish demand, and a subdued summer market. Market participants have reported subdued activity in China’s domestic spot market over the past week, with limited interest in spot materials as consumers predominantly rely on