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GreenTech Metals (ASX:GRE) has encountered high-grade lithium at its Ruth Well Project in WA. Executive Director Thomas Reddicliffe commented: “We believe the consistency of the grades over a now 7.5km strike is evidence of a large mineralising system and underscores the prospectivity of this pegmatite zone.” Shares are trading 24.11 per cent higher at 69.5 […]

Zinc is the fourth most widely consumed base metal in the world, holding significant importance in the construction and automobiles industries. Zinc finds its primary application in the galvanizing process, where it safeguards iron and steel from rusting. It also possesses the versatility to form alloys with other metals, enabling its use in die-casting applications

In an astonishing achievement, Meta’s Threads app has garnered over 10 million users within a mere 7 hours since its launch. This remarkable growth showcases the power of Meta’s existing scale and distribution, along with the demand for an alternative to Twitter. With its integration with Instagram, which boasts an astounding 1.6 billion users, Threads

In a promising sign for the U.S. labour market, private sector companies added a robust 497,000 jobs in June, according to a report released by payroll processing firm ADP on Thursday. The figure far exceeded market expectations and represented a substantial increase from the downwardly revised 267,000 jobs created in May. Economists had predicted a

In a tumultuous turn of events, Queensland-based mining company Aurora Metals has collapsed, leaving a trail of debts totaling approximately $170 million. The company’s financiers have appointed receivers over the top of administrators, leaving small trade creditors at the back of the queue for potential repayments. KordaMentha, the appointed administrator, is currently working through Aurora

The World Gold Council (WGC) expects the yellow metal to hold firm over the rest of 2023, despite some price weakness in the past month and a bit. The Council says its latest research shows investors should not give up on gold in the second half of the year. In their half-year review, WGC analysts

US stocks slid overnight after better-than-expected jobs data increased investors’ anxiety around the state of the economy and the path of interest rates. The data from the ADP showed that private sector jobs increased by 497,000 in June, in the biggest monthly gain since July 2022. June’s increase was more than double the Dow Jones

L Catterton, a private equity firm with the backing of luxury goods giant LVMH, is currently considering various strategic alternatives for Birkenstock. Bloomberg News revealed on Thursday that one of the options being explored is an IPO, which could value Birkenstock at a staggering $9 billion (US$6 billion) or more. According to sources familiar with

The Australian dollar briefly dropped 0.6 per cent to a low of US66.34 against the US dollar as sentiment continues to deteriorate across Asian markets. The dollar was buying US66.52c in afternoon trade and Commonwealth Bank analysts expect risk appetite to further fall and weigh on AUD as the global and Chinese economic outlook weakens.