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Office and industrial property group, Dexus (ASX:DXS), has reduced the book value of its office and industrial properties by approximately $1 billion (6 per cent reduction) due to higher capitalization rates and discount rates as indicated by an independent expert’s report. Despite rental growth offsetting some impact, the office portfolio decreased by about 7.7 per […]

Sayona Mining (ASX:SYA) announced that their preliminary technical study at their NAL lithium carbonate plant study produces an NPV of A$3.2bn. Sayona’s Managing Director, Brett Lynch commented: “Significantly, NAL is set to become the only lithium operation with a concentrator and carbonate plant all on the same site in North America. Shares are trading flat

China may have made the last of the current round of official interest rate cuts on Tuesday, but the question economists are now pondering is, what does the government of President Xi Jinping do next to add to the impact of the very modest rate cuts. The answer might be revealed (in part) at midday

Rex Airlines (ASX:REX), Australia’s largest regional and domestic airline operator, has shocked investors by announcing a forecasted loss of $35 million for the current financial year. This unexpected downturn comes after earlier predictions of turning a profit. The company, which operates a fleet of 59 Saab 340 and seven Boeing 737 aircraft across Australia, had

Rio Tinto (ASX:RIO) says it will invest more than US$900 million to expand output from its huge Kennecott copper mining and processing operation in the US. The miner says US$498 million will be spent to deliver underground development infrastructure for an area known as the North Rim Skarn, part of the Kennecott operation near Salt

Even though it is a major investor in the Chilean lithium industry and says it will deal with the country’s new, higher state involvement in the sector, Albemarle, the world’s leading lithium player, continues to invest and show interest in Australia. The Chilean government has taken aim at Albemarle and SQM, the local giant, for

Stocks fell Tuesday, the first trading day of the week, as a rally that drove the market to levels not seen in more than a year took a breather. Investors are coming off of a strong week, with the S&P 500 hitting its highest level since April 2022. The S&P 500 and the Nasdaq Composite

Australia is positioning itself as a global powerhouse in the critical minerals sector, with the Albanese government announcing a commitment of $500m from the Northern Australia Infrastructure Facility (NAIF) to kickstart the development of a robust critical minerals processing industry. This move aims to create substantial economic growth and generate over 260,000 new jobs by