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Metal and mining
Fortescue (ASX:FMG) shares grabbed investors’ attention today, here’s why
May 24, 2022 06:07 PM AEST| By Priyanka PayalHighlights The S&P/ASX 200 Materials Sector (ASX:XMJ), which traded in the green in the initial hours of trading on Tuesday, closed 0.418% lower at 17357.100 points today. The share price of Fortescue Metals Group Limited closed 0.289% high.....
Here’s why Newcrest (ASX:NCM) is making headlines today
May 23, 2022 01:03 PM AEST| By RitwikaHighlights Newcrest fulfils the first condition of the farm-in agreement for the Wilki Project. As a result, Newcrest will commence operations management at the project from 1 July 2022. Newcrest is currently focusing on satisfying.....
Why is Perenti Global (ASX:PRN) in news today?
May 23, 2022 11:46 AM AEST| By Sukriti NairHighlights PRN shares turn red as the company lowers guidance. Market conditions haven’t materially improved for Perenti to overcome labour and supply constraints. Perenti also reports two fatalities at its subsidiary Barminco’s op.....
CHN, NC1, RMI: Why these ASX mining shares jumped last Friday
May 23, 2022 08:45 AM AEST| By AshishHighlights Australian share market ended last week on a positive note. The All-Ordinaries Index (ASX:XAO) settled 1% higher. The ASX 200 Index (ASX:XJO) recorded a gain of 0.9% last week. Despite the ongoing uncertainty, the A...
How will soaring energy prices affect mining industry?
May 22, 2022 12:20 AM AEST| By Arpit VermaHighlights The Russian invasion of Ukraine coincided with the rally in prices of various metals, which were already rallying due to persisting supply disruptions. Russia also accounts for almost 10% of the world's total crude oil exports and is...
ASX listed Iron ore explorer bucking the trend, up ~3x in a year
May 20, 2022 07:57 PM AEST| By Sukriti NairA Slump in Chinese demand for Iron ore has led to its price falling 13% in a month. Iron ore fines 62% Fe CFR Futures are down about 10% in a month. The renewed new coronavirus-induced restrictions are the main reason for this suppressed demand. The...
Why did Fortescue (ASX:FMG) share price close 3.8% up today?
May 20, 2022 06:44 PM AEST| By Sukriti NairHighlights Fortescue Metals Group Limited has slightly reversed the previous five days' losses on ASX today. Influencing factors Iron ore is down 1.7%, and the Australian dollar is slightly lower. Australian markets are trading higher today wi.....
Novonix (ASX:NVX) shares skyrocket over 14% today; here's why
May 20, 2022 04:29 PM AEST| By Priyanka PayalHighlights The Australian stock market rebounded today, up 1.04% at 7,138.30 points. The S&P/ASX 200 Information Technology Index (ASX:XIJ) was up 4.593% at 1518.600 points. Novonix's share price was up 14.673% at AU$4.220 per share on ASX.....
Up 775% in a year, what is pushing Sayona Mining (ASX:SYA ) share up?
May 20, 2022 01:31 PM AEST| By Sukriti NairHighlights Lithium miner Sayona Mining's share price has added another 4% today. Sayona Mining shares are up 775% in a year and 100% on a year-to-date basis. SYA share price is aligning to the broader materials sector gain. Lithium produc...
Develop Global (ASX:DVP) completes Woodlawn project acquisition
May 20, 2022 12:26 PM AEST| By Sonal GoyalHighlights Develop Global has acquired Woodlawn project and extensive tenement package for AU$30M. Develop proposed the acquisition in February 2022. Woodlawn project was previously owned by Heron Resources Limited. Now, the company will be i.....
EMVision (ASX:EMV) receives AU$5M grant, shares gain 5%
May 18, 2022 06:48 PM AEST| By Bhawna GuptaHighlights EMVision stock soared today after the company received confirmation on its grant application. The company's share price reached an intraday high of AU$1.92 apiece, up 10.98% from its previous close. EMVision has not supplied any inf.....
Aurora Energy (ASX:1AE) shares trade 30% higher on ASX debut
May 18, 2022 06:16 PM AEST| By Priyanka PayalHighlights The share price of Aurora Energy Metals Limited jumped 30% at AU$0.260 per share at 4:11 PM AEST on its first day of trading on ASX. The company started trading on ASX at 11 AM AEST today under the ticker code 1AE. The shares of maj.....
Copper Mountain (ASX:C6C) shares zoom over 17% today, here's why
May 18, 2022 05:37 PM AEST| By Priyanka PayalHighlights The shares of Copper Mountain Mining Corporation soared 17.307% at AU$3.050 per share on ASX at 3:05 PM AEST today. Copper prices rebounded yesterday (May 17) after investors hoped China would soon lift its lockdown restrictions. Th...
BlueScope Steel (ASX:BSL) improves earnings guidance, shares gain
May 18, 2022 12:35 PM AEST| By RitwikaHighlights A constant rise in steel prices has led BlueScope to improve its earnings guidance for H2 FY22. BlueScope now expects to deliver at least AU$1.375 billion of EBIT in H2 FY22, compared to AU$1.2 billion stated in its previous ea.....
Why is Lynas Rare Earths Limited (ASX:LYC) up 13% in two days
May 17, 2022 08:24 PM AEST| By Sonal GoyalHighlights Lynas was the top performer on the ASX on 17 May 2022. In 5 years, the share price of Lynas has increased by whopping around 1000%. The stock is witnessing some recovery this week after touching a year-to-date low of AU$8.37 last we.....
Here’s why Core Lithium (ASX:CXO) shares close over 8% strong today
May 17, 2022 06:05 PM AEST| By Ritwikaaded. The shares of Core Lithium Ltd (ASX:CXO) closed trading 8.016% stronger at AU$1.28 per share on the ASX today (17 May). Core Lithium is one of the heavily traded stocks on the ASX today, with over 20.4 million shares traded throughou...
Pilbara Minerals (ASX:PLS), Calix (ASX:CXL) receive AU$20M grant, shares gain
May 17, 2022 06:00 PM AEST| By Sonal GoyalHighlights Pilbara Minerals and Calix have received a grant of AU$20 million from the Australian Government The grant will be used for the development of the mid-stream project, which is a part of proposed joint venture between the parties Pil.....
Sayona Mining (ASX:SYA) shares fall 25% in last two weeks, here’s why
May 16, 2022 10:58 AM AEST| By Bhawna GuptaHighlights The fall in Sayon share prices might be because of the lower demand for iron ore. China is the major iron export market for Australia. Currently, the Chinese economy is down as the country continues to isolate millions of people to .....
Why did Global Lithium (ASX:GL1) shares close in green today?
May 13, 2022 06:49 PM AEST| By Bhawna GuptaHighlights The S&P/ASX200 closed in green on Friday, gaining 1.93% to 7,075.10 after setting a new 50-day low. The ASX 200 Materials Index closed 1.56% higher at 16,677.50 points. Mining firm Global Lithium also performed well today....
Fortescue (ASX:FMG) shares are on investors’ radar today, here’s why
May 13, 2022 12:43 PM AEST| By Sukriti NairHighlights Fortescue Metals Group Limited has slightly reversed the previous five days' losses on ASX today. Influencing factors Iron ore is down 1.7%, and the Australian dollar is slightly lower. Australian markets are trading higher today wi...
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