The Dow Jones Industrial Average rose Monday, notching its longest winning streak since February 2017, to kick off a busy week of key earnings reports and a major policy decision from the Federal Reserve. The 30-stock Dow gained 183.55 points, or 0.52 per cent, to 35,411.24 — posting an 11th straight day of gains. The […]
Dow notches longest winning streak since 2017 Read More »
On Monday, due to a drop in battery material prices, the Australian sharemarket experienced a widespread sell-off in lithium stocks, resulting in a decrease of 0.06 per cent to 7,309.20. Futures The Dow Jones futures are pointing to a fall of 10 points. The S&P 500 futures are pointing to a fall of 0.5 points.
ASX closes 0.06% lower amidst a lithium sell-off Read More »
Trigg Minerals (ASX:TMG), an Australian potash explorer, released its Quarterly Activities Report for the period ending 30 June 2023, highlighting significant developments in its Lake Throssell Sulphate of Potash (SOP) Project in Western Australia and corporate restructuring measures. Lake Throssell Sulphate of Potash (SOP) Project, WA – Evaluation Studies Trigg has been actively exploring an
Trigg Minerals progresses SOP processing technology Read More »
Australian lithium miner Core Lithium (ASX:CXO) has released its Quarterly Activities Report for the quarter ending 30 June 2023, highlighting key achievements during the period. Quarterly HighlightsNo significant safety incidents were recorded during the quarter.The company achieved a quarterly spodumene production of 14,685 tonnes (FY23: 18,274 tonnes) at a C1 unit cost of $902 per
Core Lithium reports quarterly activities for June 2023 Read More »
Shares in mining giant South32 (ASX:S32) are down 2.36 per cent to $3.73 at 1.50pm AEST after it warned of a $1.3 billion hit on its Hermosa project’s zinc-lead-silver Taylor sulphide deposit. “The Hermosa project has the potential to sustainably produce commodities critical for a low-carbon future, from multiple development options, for decades to come,”
South32’s $1.3bn setback on Hermosa project Read More »
Microsoft is set to slash approximately 50 positions in Australia as part of its latest round of redundancies, a move that follows the elimination of over 10,000 jobs earlier this year. With around 2,500 local employees, the latest wave of lay-offs will bring the total number of Australia-based staff axed this year to 200. A
Microsoft announces new round of layoffs Read More »
In the rugged Idaho wilderness, at an elevation of approximately 8,000 feet, an ambitious cobalt mine, decades in the making, reveals the hurdles America’s clean-energy ambitions confront in a market dominated by China. “Let’s think really carefully,” said Rod Eggert, an economics professor at the Colorado School of Mines. “How high of a priority is
America’s only cobalt mine faces challenges in China-dominated market Read More »
24 Jul 2023 – The ASX had risen 0.04 per cent by 2:50 AEST. The best-performing sector was Energy, up 2.19 per cent, while the worst-performing sector was Materials, down 1.29 per cent.
Afternoon Update: Energy soars, materials slumps Read More »
The ASX had risen 0.04 per cent by 2.50pm AEST. The best-performing sector was Energy, up 2.19 per cent, while the worst-performing sector was Materials, down 1.29 per cent. In company related news, among large-cap stocks, Whitehaven Coal (ASX:WHC) saw the highest gain, rising 3.21 per cent to $7.24, while Allkem (ASX:AKE) experienced the biggest
Afternoon Update: Energy soars, materials slumps Read More »
At noon, the S&P/ASX 200 is 0.14 per cent higher at 7,324. Suncorp has confirmed that the Australian Competition & Consumer Commission (ACCC) has requested additional time to review ANZ’s merger with Suncorp. The ACCC asked for the review period to be extended from July 28, 2023, to August 4, 2023, on top of a
ASX up 0.14% at noon: ACCC delays ANZ-Suncorp merger Read More »
