Market News

The Australian stock market is steadily approaching a historic peak, mirroring the surge on Wall Street, as investors increasingly prepare for the possibility of the US Federal Reserve commencing interest rate reductions in the upcoming year. At noon, the S&P/ASX 200 is 0.63 per cent higher at 7,536.60. The SPI futures are pointing to a […]

The S&P 500 rose Tuesday, approaching its record high, as the Federal Reserve’s recent dovish shift on rates lifted stocks. The S&P 500 gained 0.59 per cent to 4,768.37. With Tuesday’s gain, the broad market index is about 0.6 per cent from surpassing its record close and 1 per cent from equaling its intraday record,

Canada has confirmed media reports that it will move ahead with new rules that will compel all new vehicles sold in 2035 to be electric-powered. Canada revealed draft regulations a year ago that proposed regulations mandating that an increasing share of light-duty vehicle sales be electric over a nine-year timeline. The final rules largely confirm

 Lake Resources (ASX:LKE; OTC:LLKKF) has announced the results of its Definitive Feasibility Study (DFS) for Phase One of the Kachi lithium brine project in Argentina. The study underscores the Kachi Project’s status as a tier one project with robust resource potential and impressive financial figures, positioning it competitively within the global lithium market. Financial HighlightsPost-tax

Lithium Universe (ASX:LU7) reported substantial advancements in the Engineering Study conducted by Hatch Ltd (Hatch) for the Quebec Lithium Processing Hub (QLPH) multi-purpose battery-grade lithium carbonate refinery. The QLPH refinery, designed to produce 16,000 metric tons annually, is predicated on a spodumene feed grade of approximately 5.5% Li2O. Its primary objective is to generate lithium

Australian shares posted solid gains driven by increased merger and acquisition activity in the resources sector and a surge in oil prices due to concerns about supply disruptions in the Red Sea. The S&P/ASX 200 rose by 0.8%, with all sectors showing positive performance on the expectation of rate cuts in 2024. However, despite positive

In the past couple of days, several significant battery deals have been unveiled in New South Wales. AGL (ASX:AGL) has given the final investment green light for its $750 million battery project, to be constructed at Liddell in the Hunter Valley. This project is set to become Australia’s largest battery, boasting grid-forming inverter capabilities and

SQM and Gina Rinehart’s Hancock Prospecting have collaborated to launch a joint, higher bid for Azure Minerals (ASX:AZS), surpassing SQM’s previous solo effort a couple of months ago. In a statement to the ASX on Tuesday morning (trading in Azure shares was halted on Monday at the company’s request), Azure announced that it had entered

James Powell, General Manager – Investor Relations, Corporate Affairs and Sustainability for Rural Funds Management presents on the FY23 results of the Rural Funds Group (ASX:RFF). James Powell: In August, Rural Funds Management reported the financial results for the Rural Funds Group for the full year ended 30 June 2023. One of the key highlights

Lake Resources (ASX:LKE; OTC:LLKKF) announced its Phase One DFS for its Kachi lithium brine project in Argentina. The project boasts a post-tax NPV8 of US$2.3 billion and an internal rate of return of 21%. The project targets annual average EBITDA of US$635 million and EBITDA margin of 76%. Shares are trading 11.54 per cent higher