Market News

Oil giant Exxon Mobil aims to establish itself as a prominent player in the US lithium market. Unlike traditional methods of acquisition, Exxon is taking a grassroots approach, focusing on a novel production method. The company plans to leverage its expertise in drilling, in collaboration with partner Tetra, to tap into the vast potential of […]

The Western Australia Environmental Protection Authority (EPA) has recommended the environmental approval of Lynas’ life-of-mine proposal for its Mount Weld rare earths project. The proposed expansion by Lynas Rare Earths’ (ASX:LYC) subsidiary aims to increase the development area to 2802 hectares, extending the operation’s lifespan by up to 30 years. This decision comes despite concerns

Australian cattle and sheep producers are breathing a sigh of relief as meat prices stage a comeback after a challenging period of oversupply and plummeting values. According to data from Meat & Livestock Australia (MLA), the industry benchmark, the Eastern Young Cattle Indicator (EYCI), has rebounded by 14 percent, reaching $3.99 per kilogram after bottoming

Krakatoa (ASX:KTA), a former gold producer, Thursday announced a significant potential lithium discovery at King Tamba. The drilling program targeted three key sites, MGM, Loader and Wilsons, with 13 of the 16 holes intersecting pegmatites. The highlight of yesterday’s announcement was a 39m thick pegmatite at the Wilsons prospect, widening the scope of the drilling

AustralianSuper has made it clear it is going to remain a big shareholder in Origin Energy (ASX:ORG), whether the bidders – Brookfield from Canada and EIG from Australia – like it or not. At the same time, Origin also offered shareholders a special dividend to try and bribe them into voting for the merger at

The S&P/ASX 200 is trading 0.3 per cent lower at 6,955.60. Futures The SPI futures are down 17 points. Best and worst performers The best-performing sector is Utilities, up 0.63 per cent. The worst-performing sector is Energy, down 1.01 per cent. The best-performing large cap is Boral (ASX:BLD), trading 5.01 per cent higher at $4.93.

ASX declined on Monday, with a 0.4% drop in the benchmark S&P/ASX 200 index to 6948.8 points, primarily due to a sell-off in energy and bank stocks. This decline was also influenced by the energy sector’s connection to weakening oil prices, which fell due to concerns over global demand and the reduction of risk premium

Shares in cement and building products group Boral (ASX:BLD) surged by more than 7% early on Monday after the company surprised with a 10% increase in projected earnings for the 2023-24 financial year. Boral now anticipates underlying earnings before interest and tax (EBIT) to be in the range of $300 million to $330 million, up

Elders (ASX:ELD) shareholders are bracing for a potentially challenging year ahead in 2023-24. The company has forecasted lower earnings and a reduced dividend, following a 26% decline in underlying EBIT for the year ending in September and an 18% drop in the annual dividend. The reasons behind this gloomy outlook are not unfamiliar during this

Infinity Lithium Corporation (ASX:INF) has advised a grant funding of €18.8 million has been awarded to Tecnología Extremeña del Litio (‘TEL’) for the advancement of the San José Lithium Project. Infinity’s Managing Director and CEO, Ryan Parkin, commented “These first funding commitments for the processing of critical raw materials in Spain places the Company at the