There has been plenty of moaning from some in the resources industry that the federal government isn’t doing enough to assist and finance miners and others looking to go deeper into renewable and strategic minerals and their products. But money is being handed out under the federal government’s Modern Manufacturing Initiative. With the awarding of […]
A$50m grant gets Australian Vanadium off and running Read More »
Big gains in Thursday’s ASX trading session for two companies not commonly seen as being in the lithium / renewables game. ………… Shares in Neometals (ASX:NMT) jumped more than 21% on Thursday to close at 58 cents after investors liked the update on its German battery joint venture Primobius. According to the update, the demonstration
Stock Stories: NMT, RFX Read More »
Odds are tightening that the Reserve Bank will lift interest rates at its June meeting next Tuesday after a solid rise in house prices last month, slightly better than expected capex and construction spending data more than offset confirmation of weakening retail sales. After the controversy of May’s rate rise most analysts reckoned the central
Yet another rate rise now looking more likely Read More »
US stocks reached a nine-month high on Thursday as lawmakers in Washington boosted traders’ hopes that the debt ceiling will pass through the Senate by the end of the week, and fresh economic data curbed concerns about a recession. The Fiscal Responsibility Act passed by a vote of 314-117 with bipartisan support on Wednesday night.
US stocks jump as debt ceiling looks to pass through Senate by weeks end Read More »
Despite weak international cues, Australia’s share market managed to close slightly higher as the US debt ceiling bill was passed in the House. At the closing bell, the S&P/ASX 200 was 0.27 per cent higher at 7,110.80, recovering from a recent low. Although the index remained below its 200-day moving average for the second consecutive
Aus sectors mixed as ASX gains 0.3% Read More »
The Australian sharemarket has rebounded from earlier losses and is now higher after the US House of Representatives passed the debt ceiling bill. The S&P/ASX 200 index, which was initially down by 0.2 per cent, has risen 0.22 per cent higher to 7,107 at noon. In the House vote, 303 members supported the deal negotiated
ASX jumps 0.22% as US House passes debt ceiling bill Read More »
Redflow (ASX:RFX) announced that their flow batteries have been approved for use in a large-scale solar and storage project in California. CEO and MD Tim Harris said: “This 20 MWh project is one of several large-scale opportunities in our pipeline and represents the start of the next phase of our growth strategy.” Shares are trading
Stocks of the Hour: Redflow, Neurizer, Impact Minerals Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices. Key points:The Australian home price rebound accelerated in May with national average home prices up 1.2%, their strongest pace since November 2021 and their third rise in a row. They are now up 2.3% from their February low.Sydney continues to
Alex Underwood, Managing Director of Empire Energy Group Limited (ASX:EEG), presents at the company’s AGM in Sydney.
Empire Energy Group (ASX:EEG) Annual General Meeting, May 2023 Read More »
The Chinese economy continued to stumble in May with surveys of the country’s huge manufacturing and service sectors both showing another month of slowing levels of activity. For the manufacturing sector, it was a dip deeper into contraction for a second successive month in May after April’s surprise drop. The official National Bureau of Statistics
Covid redux unfortunate timing for Chinese economy Read More »
