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Amcor CEO forced to retire
March 20, 2024 05:03 - 1000 KB20 Mar 2024 - Ill-health has forced Amcor’s long time CEO, Ron Delia to retire.
South32 withdraws June production guidance
March 20, 2024 05:00 - 1000 KB20 Mar 2024 - Damage caused by this week’s cyclone in the Gulf of Carpentaria has seen South32 (ASX:S32) withdraw its 20 June 2024 production guidance for its Australian manganese business on Groote Eylandt.
Stocks of the Hour: Lord Resources, Viridis Mining and Minerals, Azure Minerals
March 20, 2024 00:30 - 2 minutes - 1000 KB20 Mar 2024 - A snapshot of the stocks on the move, featuring Lord Resources (ASX:LRD), Viridis Mining and Minerals (ASX:VMM) and Azure Minerals (ASX:AZS).
Genesis Minerals expected to release expansion plans for Leonora
March 19, 2024 21:33 - 1000 KB20 Mar 2024 - Time for gold miner, Genesis Minerals (ASX:GMD) to put up and show the market that it does have a viable growth plan for the next five years, as it has been promising for quite a while.
BoJ gives first rate rise in 17 years
March 19, 2024 04:26 - 1000 KB19 Mar 2024 - Unlike Australia, which didn’t get a rate rise or cut on Tuesday, the Bank of Japan (BoJ) has given that country what amounts to the first rate rise in 17 years.
No rate cut, but no increase
March 19, 2024 04:06 - 1000 KB19 Mar 2024 - No rate cut from the RBA on Tuesday and no increase as well -- the cash rate remains at 4.35 per cent for as long as the central bank thinks it is needed to cool inflation.
Magmatic to use funds to restart exploration at Wellington North
March 19, 2024 03:25 - 1000 KB19 Mar 2024 - A day after the placement and substantial shareholding notice showing a 19.9 per cent stake emerged from Fortescue (ASX:FMG), Magmatic Resources (ASX:MAG) has given the market the first indication of where it will use the millions of dollars from the deal.
New Hope hurt by decline in coal prices
March 19, 2024 00:46 - 1000 KB19 Mar 2024 - As forecast, after a mixed first half production and pricing report, coal miner New Hope Corporation (ASX:NHC) suffered a 62.4 per cent drop in its first-half profit, hurt by a sharp decline in worldwide coal prices.
Stokes' bid for Boral hits road bump
March 19, 2024 00:38 - 1000 KB19 Mar 2024 - Kerry Stokes’ Seven Group Holdings (ASX:SVW), hoping for an easy mop-up bid for the rest of Boral (ASX:BLD), has hit heavy going with the target company telling shareholders on Tuesday to reject the offer.
KMD Brands takes a dive
March 19, 2024 00:31 - 1000 KB19 Mar 2024 - Kiwi-based sportswear retailer KMD Brands (ASX:KMD) has confirmed the weak guidance issued a month ago for a slump in sales and a big loss for the half year to the end of January.
Stocks of the Hour: Cyclopharm, lonic Rare Earths, Metals Acquisition
March 19, 2024 00:20 - 1 minute - 1000 KB19 Mar 2024 - A snapshot of the stocks on the move, featuring Cyclopharm (ASX:CYC), lonic Rare Earths (ASX:IXR) and Metals Acquisition (ASX:MAC).
Chinese Authorities begin property crackdown with Evergrande Management accused of fraud
March 18, 2024 21:51 - 1000 KB19 Mar 2024 - China's property crackdown has started with reports on Monday night that the government has accused broken giant, Evergrande of what amounts to an US$80 billion fraud.
Bond yields edge higher as traders see less chance of rate cuts
March 18, 2024 20:32 - 1000 KB19 Mar 2024 - US Treasury bond yields rose on Monday afternoon as bets for a June rate from the Fed dipped below 50%.
Stronger than expected Chinese Industrial Production & Retail Sales surprise
March 18, 2024 20:12 - 1000 KB19 Mar 2024 - If anything, China’s economy struggled to maintain momentum in January-February, despite a return to consumer price inflation (not deflation), stronger imports and exports and rises in new urban investment and industrial production.
Strong Chinese Industrial Production pushes iron ore back above $100 per tonne
March 18, 2024 20:10 - 1000 KB19 Mar 2024 - A slightly better than expected performance by China’s steel industry in January and February and more positive data on industrial production for the same period, saw iron ore prices bounce back over the $US100 a tonne level in Singapore on Monday.
China exceeds growth expectations
March 18, 2024 03:51 - 1000 KB18 Mar 2024 - China's economic performance in the initial months of the year has surpassed expectations, as indicated by recent data released by the National Bureau of Statistics.
Iron ore rebounds above US$100 a tonne
March 18, 2024 03:49 - 1000 KB18 Mar 2024 - Iron ore prices exhibited a volatile swing, hovering close to $US100 a tonne, against the backdrop of imminent data from China that could potentially unveil further frailty within its expansive steel sector.
Robust indicators from China, oil prices climb
March 18, 2024 03:48 - 1000 KB18 Mar 2024 - Oil prices experienced an uptick following a notable weekly surge, fueled by a combination of robust macro-economic indicators from China and heightened geopolitical tensions stemming from Ukrainian attacks on Russian refineries.
DOE allocates $750M to advance 'clean' hydrogen technology
March 18, 2024 00:50 - 1000 KB18 Feb 2024 - The Department of Energy (DOE) has unveiled a significant investment of $750 million in research and development aimed at bolstering "clean" hydrogen technology. This initiative, funded under the bipartisan infrastructure law of 2021, is poised to revolutionise the landscape of hydrogen fuel production, promising an annual increase of 1.3 million metric tons in clean hydrogen fuel.
Core Lithium's cloudy future
March 18, 2024 00:45 - 1000 KB18 Mar 2024 - It was a sorry set of half-year figures from Core Lithium (ASX:CXO) last week, confirming that the company’s future remains very clouded.
Rainfall affects Regis Resources, Capricorn Metals, and Gold Road
March 18, 2024 00:38 - 1000 KB18 Mar 2024 - Regis Resources (ASX:RRL), along with Capricorn Metals and Gold Road, has revealed setbacks to planned production due to last week’s record rainfall in parts of the WA Goldfields. Capricorn Metals (ASX:CMM) reported that its Karlawinda gold project in the Pilbara experienced a second rain event in three months, forcing the mine to process lower-grade stockpiled ore. Similarly, Gold Road (ASX:GOR) disclosed that its 50% owned Gruyere mine faced curtailed work in the open pit for ...
MinRes acquires plant for lithium processing
March 18, 2024 00:30 - 1000 KB18 Mar 2024 - Perth-based Mineral Resources (ASX:MIN) will spend up to $15 million buying Poseidon Nickel's Lake Johnston nickel concentrator plant and mining rights, using it as the basis for a new lithium processing hub.
Stocks of the Hour: dorsaVi, Celsius Resources, Metarock Group
March 18, 2024 00:20 - 1 minute - 1000 KB18 Mar 2024 - A snapshot of the stocks on the move, featuring dorsaVi (ASX:DVL), Celsius Resources (ASX:CLA) and Metarock Group (ASX:MYE).
Mixed commodity performance
March 17, 2024 20:37 - 1000 KB18 Mar 2024 - Gold trailed behind as oil surged and iron ore declined sharply, while copper saw an increase. Nickel and zinc also had a noteworthy week.
Mixed start for ASX trading amid central bank meeting anticipation
March 17, 2024 20:36 - 1000 KB18 Mar 2024 - A negative start for trading on the ASX today (Monday) after a small dip in the futures market on Friday, which came on top of a ‘red’ session earlier in the day and a downer on Wall Street.
Inflation fears hit Wall Street ahead of Fed meeting
March 17, 2024 20:35 - 1000 KB18 Mar 2024 - The S&P 500 fell on Friday, marking its second-straight weekly loss, as weak technology stocks, inflation concerns, higher interest rates, and the upcoming Fed meeting weighed heavily on investors.
Critical central bank meets highlight significant week ahead
March 17, 2024 20:33 - 1000 KB18 Mar 2024 - This week is poised to be one of the most significant for central bank meetings in years. The Reserve Bank, the US Federal Reserve, the Bank of Japan, and the Bank of England are all convening, with pivotal decisions and statements expected.
Diverging metal markets
March 17, 2024 20:32 - 1000 KB18 Mar 2024 - Late last week, conflicting price movements were observed in two key industrial metals, with China serving as the common link. Copper surged to multi-month highs while iron ore slumped sharply to below $US100 a tonne on Friday in Singapore.
US real estate industry undergoes 'Big Bang' transformation
March 17, 2024 20:27 - 1000 KB18 Mar 2024 - In a move with global ramifications, the massive US home buying and selling industry has just experienced a seismic shift akin to the deregulatory explosions in financial markets of the 1980s and 1990s.
Insights into China's lithium and renewable markets
March 15, 2024 02:48 - 1000 KB15 Mar 2024 - For all you data-driven souls with investments in lithium and other renewables, here's intriguing data on China's lithium production and processing sectors.
China keeps key rate unchanged
March 15, 2024 02:47 - 1000 KB15 Mar 2024 - China's central bank, the People’s Bank of China, has opted to keep a key policy rate unchanged amidst a significant decline in property prices across the nation. This decision comes as the latest data reveals a sharp 1.4% drop in monthly house prices, marking the steepest decline seen in the past 13 months.
Stocks of the Hour: Pentanet, Kalgoorlie Gold Mining, Black Rock Mining
March 15, 2024 00:20 - 1 minute - 1000 KB15 Mar 2024 - A snapshot of the stocks on the move, featuring Pentanet (ASX:5GG), Kalgoorlie Gold Mining (ASX:KAL) and Black Rock Mining (ASX:BKT).
Turmoil in the market: Pilbara Minerals' revelations
March 14, 2024 22:28 - 1000 KB15 Mar 2024 - Pilbara Minerals (ASX:PLS), a major player in the global lithium market, has disclosed a staggering collapse in lithium prices. The nosedive, confirmed via the company's announcement, underscores the tumultuous journey of this crucial battery material from its peak in late 2022 to the present, marking a decline exceeding 80%.
Iron ore prices slide
March 14, 2024 22:14 - 1000 KB15 Mar 2024 - Another slide in iron ore prices occurred on Thursday afternoon, and it wouldn’t be surprising to see the $US100-a-tonne level breached in the next couple of days.
Arafura Rare Earths obtains $840 million government funding boost
March 14, 2024 20:52 - 1000 KB15 Mar 2024 - Shares in Arafura Rare Earths (ASX:ARU) surged more than 77% yesterday after it was confirmed the company will receive A$840 million in funding from the Australian government to create a combined mine and refinery for the key renewable minerals.
Tabcorp CEO resigns amid workplace language controversy
March 14, 2024 20:44 - 1000 KB15 Mar 2024 - In a dramatic announcement just after 5 p.m. Thursday, Tabcorp (ASX:TAH) announced that it and CEO Adam Rytenskild were parting ways after the company’s board became aware of "inappropriate and offensive language used by Mr. Rytenskild in the workplace.”
Albemarle joins spodumene auctions
March 14, 2024 04:25 - 1000 KB14 Mar 2024 - Albemarle, the world's largest producer of lithium for electric vehicle batteries, has decided to join rival Pilbara Minerals and start auctioning its supplies of Australian-sourced spodumene, a key raw material for lithium metal.
Stocks of the Hour: PainChek, Chimeric Therapeutics, Torque Metals
March 14, 2024 00:32 - 1 minute - 1000 KB14 Mar 2024 - A snapshot of the stocks on the move, featuring PainChek (ASX:PCK), Chimeric Therapeutics (ASX:CHM) and Torque Metals (ASX:TOR).
Fed Government backs Arafura Rare Earths with $840m package
March 13, 2024 22:57 - 1000 KB14 Mar 2024 - The federal government is backing another rare earths business, this time the Gina Rinehart-supported Arafura Rare Earths group (ASX:ARU), with its Nolans Northern Territory mine and refinery.
Oil prices surge on Russian refinery attack
March 13, 2024 20:52 - 1000 KB14 Mar 2024 - Oil prices experienced a notable surge in response to two significant developments: a decline in US crude stockpiles and a drone attack on a major Russian refinery.
Global iron ore prices continue
March 13, 2024 20:42 - 1000 KB14 Mar 2024 - On Thursday, our major iron ore miners faced increased pressure as global prices remained under duress. During daytime trading, iron ore experienced further decline this week, with China's economic outlook once again exerting influence as futures approached the critical $US100-a-tonne mark.
China's property predicament persists
March 13, 2024 20:41 - 1000 KB14 Mar 2024 - Property problems persist for China, despite President Xi Jinping's efforts to resolve them.
Copper prices surge to 8-month high
March 13, 2024 20:40 - 1000 KB14 Mar 2024 - Copper prices reached an eight-month peak on Wednesday following an agreement among Chinese smelters, who account for half of global copper processing, to collectively reduce production.
Global corporate dividends hit record high
March 13, 2024 05:20 - 1000 KB13 Mar 2024 - Despite still-high (though easing) inflation, high interest rates, high house prices, and weak consumer spending and confidence, the globe's corporations managed to rack up an all-time high in dividends in 2023.
Bryan Sheffield increases stake in Empire Energy
March 13, 2024 05:15 - 1000 KB13 Mar 2024 - Oil and gas tycoon Bryan Sheffield has significantly expanded his investment in the Australian gas sector, elevating his stake in the emerging gas player Empire Energy (ASX:EEG) to over 5% overnight.
Stocks of the Hour: ABx Group, LBT Innovations, NickelSearch
March 13, 2024 00:38 - 1 minute - 1000 KB13 Mar 2024 - A snapshot of the stocks on the move, featuring ABx Group (ASX:ABX), LBT Innovations (ASX:LBT) and NickelSearch (ASX:NIS).
NOVONIX Research Report Update: Panasonic signs binding offtake Samsung and LGES next?
March 13, 2024 00:32 - 1000 KB13 Mar 2024 - Panasonic Energy (Panasonic) has converted a long-standing MOU into a contract for at least 10kt of high-performance synthetic graphite to be taken over 4 years (i.e. 2.5kt/year). To access the report click https://www.sharecafe.com.au/company/novonix-limited/
Iron ore prices witness divergent movement
March 12, 2024 20:57 - 1000 KB13 Mar 2024 - On Tuesday, iron ore prices displayed a distinct contrast as they rose in Singapore but dipped in the crucial Chinese market of Dalian. This shift in pricing dynamics is likely to impact sentiments surrounding major exporters like BHP, Rio Tinto, Fortescue, and Mineral Resources, who play significant roles in the iron ore trade.
China's February auto sales
March 12, 2024 20:56 - 1000 KB13 Mar 2024 - Thanks to the week-long Lunar New Year break, February car sales in China fell from January and were lower over the year, with sales of conventional and New Energy Vehicles (NEVs) declining.
Unexpected rise in US inflation challenges Federal Reserve's rate strategy
March 12, 2024 20:55 - 1000 KB13 Mar 2024 - US inflation unexpectedly rose to 3.2% last month, which will likely make the US Federal Reserve reluctant to change its approach to rate cuts this year.