Billionaire Andrew Forrest is making an unwavering commitment to become a dominant player in the nickel supply market, as his private company Wyloo Metals finalises its $760 million acquisition of Mincor Resources (ASX:MCR). With a vision of a significant demand surge for nickel similar to the one witnessed by the lithium market, Forrest and Wyloo […]
Wyloo Metals makes bold bet on clean nickel Read More »
05 Jul 2023 – A snapshot of the stocks on the move, featuring archTIS, Krakatoa Resources and Dreadnought Resources.
Stocks of the Hour: archTIS, Krakatoa Resources, Dreadnought Resources Read More »
archTIS (ASX:AR9, OTCQB:ARHLF) has been awarded a contract with the Bank of Finland for its NC Protect security technology. Kurt Mueffelmann, Global COO and US President, said: “Organisations… are increasingly looking for independent encryption key management for their Microsoft 365 applications and SharePoint on-premises environments.” Shares are trading 7.32 per cent higher at 8.8 cents.
Stocks of the Hour: archTIS, Krakatoa Resources, Dreadnought Resources Read More »
China’s Caixin services manufacturing PMI for June fell short of expectations at 53.9 points, disappointing analysts who anticipated a stronger rebound at 56.2, while the Caixin composite PMI declined to 52.5 in April. In response, Beijing and its central bank implemented key lending rate cuts in June to provide economic support amid ongoing concerns about
ASX down 0.29 per cent at noon as Chinas Caixin services falls short Read More »
Eureka Group Holdings (ASX:EGH) has provided a positive update on its expected financial performance for the fiscal year ending on 30th June 2023. The company has upgraded its forecast for FY23 Underlying EBITDA guidance to a range of $12.2 million to $12.5 million, reflecting a significant annual growth of 16% to 19% compared to the
Eureka! Valuation uplift signals impressive growth Read More »
Overnight, US markets were closed due to the fourth of July holiday, however will return on Wednesday and traders will have access to the minutes from the Federal Reserve’s recent monetary policy meeting, during which the decision to maintain interest rates at their current level was made. Futures tied to the Dow Jones Industrial Average
Morning Report: China-US AI arms race heating up Read More »
05 Jul 2023 – Overnight, US markets were closed due to the fourth of July holiday. Futures tied to the Dow Jones Industrial Average and Nasdaq-100 lost 0.1 per cent, while contracts tied to the S&P 500 were flat.
Morning Report: China-US AI arms race heating up Read More »
The Reserve Bank of Australia has decided to keep the cash rate unchanged at 4.1 percent following its July board meeting. The RBA also maintained the interest rate paid on exchange settlement balances at 4 percent. Interest rates have been raised by 4 percentage points since May last year, aiming to achieve a more sustainable
ASX closes 0.42 per cent higher after the RBA decides to keep rates unchanged Read More »
Ramelius Resources (ASX:RMS) has swooped in and snatched Musgrave Minerals (ASX:MGV) after the latter rejected an all-paper offer from Westgold. Ramelius and Musgrave moved quickly to finalise their deal (and prevent Westgold from considering a new offer) by entering into a bid implementation agreement (BIA). Westgold ruled out a new bid with a statement on
Ramelius swoops in on Musgrave Minerals Read More »
In a display of power ahead of economic talks between China and the US, Beijing has imposed export restrictions on two minerals that are crucial for the production of semiconductors, missile systems, and solar cells. The minerals in question, gallium and germanium, along with several related materials, will be subject to unspecified export controls starting
China implements export restrictions on key minerals Read More »
