Fitch, one of the three major independent credit rating agencies, has downgraded the credit rating of the US government due to mounting concerns about the country’s financial situation and its increasing debt load. The rating has been lowered from the highest level of AAA to the slightly lower rating of AA+. Fitch cited a “steady […]
ASX down 0.45% at noon as Fitch downgrades US credit rating Read More »
03 Aug 2023 – A snapshot of the stocks on the move, featuring Liontown Resources (ASX:LTR), Elementos (ASX:ELT) and Resource Mining Corporation (ASX:RMI).
Stocks of the Hour: Liontown Resources, Elementos, Resource Mining Corporation Read More »
Liontown Resources (ASX:LTR) has agreed to proceed with the delivery of Direct Shipping Ore (DSO) product to provide an early source of revenue ahead of first concentrate production at the Kathleen Valley Lithium Project. Managing Director and CEO, Tony Ottaviano, said: “Therefore, progressing with the production of DSO not only provides early revenue potential, but
Stocks of the Hour: Liontown Resources, Elementos, Resource Mining Corporation Read More »
Another solid quarter for the world’s biggest lithium player, Albemarle, but the three months to 30th June did confirm that the company had, like its rivals, been whacked by the slowdown in prices. Despite that, the company revealed it has significantly upgraded its sales and earnings projections for the rest of 2023 with a recovery
Albemarle’s auspicious lithium quarter: Rebounding amidst price slowdown Read More »
Liontown Resources (ASX:LTR) has taken a step to boost early revenue from its Kathleen Valley project in WA by reaching an agreement to deliver a direct shipping ore (DSO) product to potential customers. In a statement to the ASX on Thursday, the company (which has rejected a takeover offer from the US giant, Albemarle) stated
Liontown Resources moves to boost early revenue with Kathleen Valley DSO product Read More »
The action continues for Pilbara Minerals (ASX:PLS), which yesterday confirmed a major testing of the waters in the upgrading of its lithium ores. A week ago, the company dispelled a lot of the gloom around its share price with better-than-expected production figures for its spodumene (which offset the much-forecast price fall) and another quarter where
Pilbara Minerals’ shocking success: Electrifying the lithium journey down under Read More »
As nations worldwide accelerate efforts to combat climate change and achieve net-zero emissions, the demand for clean energy technologies and the materials they rely on is surging. However, this growing demand poses potential supply risks for certain critical materials, which could hinder the global transition to clean energy within the desired timeframe, warns a new
U.S. Department of Energy released updated Critical Materials Assessment Read More »
Global markets sold off Wednesday in the first full session of trading in the wake of the historic downgrade of America’s AAA rating by Fitch. The Fitch news saw a swarm of critics emerge in the US in the wake of the decision to cut America’s standing to AA+, thereby matching the rating held in
Global markets sold off after historic downgrade of America’s AAA rating by Fitch Read More »
03 Aug 2023 – Stocks hit selloff mode Wednesday, and the Nasdaq Composite registered its worst day since February, after Fitch Ratings cut the long-term foreign currency issuer default rating for the US to AA+ from AAA Tuesday night, citing “expected fiscal deterioration over the next three years.”
Fitch Ratings cuts US credit rating to AA+ Read More »
Stocks hit selloff mode Wednesday, and the Nasdaq Composite registered its worst day since February, after Fitch Ratings cut the long-term foreign currency issuer default rating for the US to AA+ from AAA Tuesday night, citing “expected fiscal deterioration over the next three years.” There are now two companies rated more creditworthy than the US
Fitch Ratings cuts US credit rating to AA+ Read More »
