Market News

De Grey Mining’s (ASX:DEG) billion-dollar Pilbara gold mining project has taken a significant step forward with the Western Australian government granting the mining lease for the Hemi Gold Project. De Grey announced that the Western Australia Department of Mines, Industry Regulation, and Safety has granted the leases (M47/1628) covering the Hemi deposits, proposed mining area, […]

Is Barrick Gold on track to double its annual copper production by 2031, or should it have aimed higher and pursued a major merger in the copper industry instead of incremental expansions and a significant project in Pakistan? The company recently unveiled plans to increase copper output to 450,000 tonnes per year by 2031, in

NOVONIX (ASX:NVX) has demonstrated successful production with the Company’s Generation 3 Furnaces meeting design targets, including throughput, cost, and sustainability targets. The Company has also doubled production capacity target to up to 20,000 tonnes per annum for Tennessee facility. In response, Dr. Chris Burns, CEO of NOVONIX, commented, “The results of our ongoing production campaigns

At noon, the S&P/ASX 200 is 1.67 per cent higher at 7,306.50. All sectors are currently trading higher. Miners, spanning gold, lithium, and iron ore, clearly stood out as the top performers. The SPI futures are pointing to a rise of 113 points. Best and worst performers All sectors are in the black. The best-performing sector

On Thursday, a mixed bag of US economic data confirmed that the US economy is not heading for a recession and is, in fact, stronger than expected. In contrast, Europe faces a different scenario as the European Central Bank raised its key rate to a record high of 4% from 3.75%, despite recent economic signals

The August labour force report, released on Thursday, confirmed robust job market growth, with 410,000 jobs created in the past year, including 65,000 in the most recent month, maintaining a steady jobless rate of 3.7%. Despite occasional data hiccups this year, there has been a consistent and substantial expansion in new job creation, often perplexing

The slowdown in consumer spending has significantly impacted the sales performance of Metcash (ASX:MTS), Australia’s third-largest supermarket group, in the first 18 weeks of its 2023-24 financial year. In a trading update during Friday’s annual meeting, CEO Doug Jones reported that the group experienced sales growth of 1.7% across all segments, including food, hardware, and

The Dow Jones Industrial Average rallied the most in over a month as traders cheered the revival of Wall Street’s IPO market and a decent batch of economic data. The Dow was up for the first day in three, climbing 331.58 points, or 0.96 per cent to 34,907.11. The 30-stock index closed above its 50-day

Paul Sanger: Today, we’re talking to iCetana, ASX code ICE, with a market cap of around 10 million. Matt, welcome back to the network. Matthew Macfarlane: Great to be here, Paul. Thanks for having me. Paul Sanger: Matt, we only caught up with you a few weeks ago. We were talking about a new contract

On Thursday, the ASX saw a significant increase in its performance, driven by strong rallies in companies involved in iron ore, coal, and uranium production. These gains in the commodity sectors were so substantial that they overshadowed the unexpected rebound in job market data.  Overall, at the closing bell, the S&P/ASX 200 was 0.46% higher