Market News

Iron ore prices declined as a result of weak Chinese trade data and ongoing challenges in the steel industry. China’s exports and imports both fell in August, putting pressure on the country’s manufacturing sector. Despite efforts to stimulate the struggling property sector through lower mortgage rates, immediate recovery in the iron ore market is uncertain. […]

The S&P/ASX 200 is trading 1.18 per cent lower at 7,171.20. Futures The SPI futures are down 56 points. Best and worst performers All sectors are in the red. The sector with the fewest losses is REITs, down 0.43 per cent. The worst-performing sector is Materials, down 2.9 per cent. The best-performing large cap is

Empire Energy Group (ASX:EEG) CEO Alex Underwood discusses large scale future well drilling projects, and anticipates commercial production by 2025. Paul Sanger: We are talking today with Empire Energy CEO, Alex Underwood. The ASX code is EEG, and Empire has a market cap of around $115 million. Empire Energy is a Sydney-based Australian oil and

In its June 30 update on the size and potential of its reserves at the King of The Hill and Darlot operations in the Leonora district of Western Australia’s Eastern Goldfields, emerging gold miner Red 5 (ASX:RED) revealed impressive triple-digit increases in estimated reserves for both sites. Overall, Red 5 reported a mineral resources estimate

Gas prices in both the Dutch and British markets took a tumble on Wednesday as workers at Chevron’s liquefied natural gas (LNG) facilities in Australia decided to temporarily halt their planned strike action for one day. The pause in strike action came as negotiations continued between the workers and Chevron management. As per data from

Austal (ASX:ASB), a global shipbuilding company, announced that its subsidiary, Austal USA, has been awarded a significant contract worth US$91,535,551 (AU$143.4 million) for the construction of three Landing Craft Utility (LCU) 1700 class craft for the United States Navy. This contract, which includes options for the manufacture of an additional nine vessels and associated support

Lithium Plus Minerals (ASX:LPM) announced an exceptional 127m mineralised pegmatite intersection at the Lei Prospect at their Lithium Project. In response, Executive Chairman, Dr Bin Guo, commented: “It represents one of the largest reported mineralised intersections recorded to date from the Bynoe pegmatite field, with visual inspection showing large spodumene crystals of consistent distribution throughout

In July, Australia’s trade surplus decreased to $8 billion, down from $11.3 billion in June. This figure fell short of expectations, as analysts had predicted a surplus of $10 billion. The decline in the surplus can be attributed to a 2% drop in exports, primarily driven by a decrease in non-monetary gold exports, while imports

Bubs Australia (ASX:BUB), a leading infant formula and baby food company, has announced the commencement of a nationwide clinical trial in the United States. This initiative marks a significant milestone in the company’s dedication to serving North American families. Bubs’ Growth Monitoring Study (GMS) clinical trial is designed to evaluate the growth, tolerance, and safety

Stocks sold off Wednesday, continuing the sluggish start to September, as concerns mounted that the Federal Reserve may not be done hiking interest rates. The Dow Jones Industrial Average sank 198.78 points, or 0.57 per cent, to end at 34,443.19. The S&P 500 dropped 0.7 per cent to finish at 4,465.48, while the Nasdaq Composite