Metal and mining

What’s the reason behind over 17% drop in Evolution Mining’s (ASX: EVN) share price?
January 17, 2024 06:31 PM AEDT| By Team Kalkine MediaShares of Evolution Mining (,ASX: EVN,) witnessed a substantial dip of nearly 17.33% on 17 January 2024. This article unravels the factors contributing to this drastic drop, primarily stemming from the miner's second-quarter gold production falling s...

Rio Tinto (ASX: RIO) shares dip on quarterly update
January 16, 2024 02:28 PM AEDT| By Team Kalkine MediaInvestors are closely monitoring Rio Tinto Ltd (,ASX: RIO,) as its shares edged lower by 1.59% to AU$126.28 apiece on Tuesday. The decline comes in response to the mining giant's fourth-quarter update, prompting a closer look at the key details influ...

Pilbara Minerals (ASX: PLS) Broadens Lithium Supply to China Amid Market Flux
January 15, 2024 05:29 PM AEDT| By Team Kalkine MediaIn a twist of market dynamics, Pilbara Minerals Ltd (,ASX: PLS,) is charting a new course by expanding its lithium supply to China. The share price, however, faces a dip of 4.81% to AU$3.56 apiece on 15 January 2024.,Navigating the Market Flux,The de...

Analysts decreases EPS estimates for Lynas (ASX: LYC), shares react
January 15, 2024 04:15 PM AEDT| By Team Kalkine MediaIn recent developments, analysts at Macquarie have made noteworthy adjustments to their outlook on Australian rare earths producer Lynas (,ASX: LYC,). These adjustments include a 1% reduction in the price target to AU$7.40 per share and a 3% lowering...

What’s pushing ASX mining stocks lower on Monday?
January 15, 2024 02:42 PM AEDT| By Team Kalkine MediaIn a recent market downturn, Australian mining stocks (INDEXASX: XMM) experienced a significant slide, dropping by up to 0.7% and reaching their lowest point since December 14. This decline was notably influenced by the fall in iron ore futures and c...

Macquire turns spotlight on BHP, RIO and FMG. Here’s why.
January 12, 2024 04:44 PM AEDT| By Team Kalkine MediaMacquarie analysts have recently turned the spotlight on heavyweight Australian mining companies, expressing optimism despite challenges. Let's delve into Macquarie's insights and the factors influencing their positive outlook for key players like BH...

What analysts are saying about Alumina’s (ASX: AWC) Kwinana refinery closure?
January 10, 2024 04:56 PM AEDT| By Team Kalkine MediaAlumina Ltd (,ASX: AWC,), a key player in Australia's alumina industry, faced significant developments as news surfaced regarding the curtailing of production at its,Kwinana,Alumina Refinery in Western Australia. This article delves into the implicat...

Alumina (ASX: AWC) stock price skyrockets on Kwinana refinery closure
January 09, 2024 04:38 PM AEDT| By Team Kalkine MediaAlumina Ltd (,ASX: AWC,), recently experienced a notable surge in its stock value, climbing by 7.69% to close at AU$0.98 apiece on 9 January 2024. This rise marks the highest level achieved since October 18, 2023, signifying a significant upward tren...

These Miners Made Shareholders Smile: Top Performers of 2023
January 08, 2024 05:08 PM AEDT| By Team Kalkine MediaThe ASX 200 index showcased a commendable performance in 2023, recording a substantial 7.8% gain. However, some ASX 200 mining shares surpassed this achievement, generating significantly higher returns during the same period.,Boss Energy Ltd (,ASX: B...

Here’s FY24 earnings estimate for Champion Iron (ASX: CIA)
January 05, 2024 06:58 PM AEDT| By Team Kalkine MediaAnalysts at Raymond James and Scotiabank have recently revised their earnings per share (EPS) estimates for Champion Iron (,ASX: CIA,), projecting a significant increase in earnings for FY2024 and FY2025.,Raymond James analyst B. Macarthur upgraded C...

Lynas’ (ASX: LYC) shares surpass 200-day moving average
January 05, 2024 06:54 PM AEDT| By Team Kalkine MediaLynas Rare Earths Limited (,ASX: LYC,) witnessed a noteworthy surge in its share price as it surpassed its 200-day moving average during Wednesday's trading. The stock exhibited a 200-day moving average of AU$4.49, reaching a peak of AU$4.75, and ult...

What do analysts have to say about Rio Tinto (ASX: RIO)?
January 05, 2024 06:50 PM AEDT| By Team Kalkine MediaRio Tinto Group (,ASX: RIO,) is a globally recognized entity engaged in exploring, mining, and processing mineral resources across various continents. As a prominent player in the mining industry, Rio Tinto operates through several segments, includin...

BHP Group’s (ASX: BHP) Shares Rise Amid Broader Market Sell-off
January 04, 2024 03:35 PM AEDT| By Team Kalkine MediaAmidst a broader market sell-off, BHP Group Ltd (,ASX: BHP,) shares have shown resilience, marking an upward trend compared to the S&P/ASX 200 Index's downturn.,Overview of Mining Giants' Performance Against Market Trends,Shares of mining giants like...

Fortescue Share Price Declines from Record Highs Amid Iron Ore Setback
January 03, 2024 05:47 PM AEDT| By Team Kalkine MediaFortescue Metals Group Ltd (,ASX: FMG,) has kicked off 2024 on a high note, achieving a record-breaking share price of $29.39, marking a 44% surge over the past 12 months. This impressive momentum underscores the mining stock's robust performance, wi...

Australian Miner Fortescue (ASX: FMG) Confirms Ore Car Derailment
January 03, 2024 12:49 PM AEDT| By Team Kalkine MediaFortescue Metals Group (ASX: FMG),, a major player in the mining industry, has confirmed an incident involving the,derailment of ore cars,in Australia. The incident, reported by the company, has drawn attention to the challenges and safety concerns i...

Decoding Why BHP Shares Outshone ASX 200 in 2023
January 02, 2024 03:21 PM AEDT| By Team Kalkine MediaThe BHP Group Ltd (,ASX:BHP,) share price experienced an 11% increase in 2023, outperforming the S&P/ASX 200 Index, which rose by 9%. As the largest company in the ASX 200 with a market capitalization of $257 billion, BHP holds significant influence...

Lake Resources Shares Dropped 84% in 2023. Will 2024 Bring a Turnaround?
January 02, 2024 03:12 PM AEDT| By Team Kalkine MediaIn 2023, ASX-listed mining company Lake Resources N.L. (,ASX: LKE,) faced a tumultuous year, experiencing an 84% decline in its share value. This sharp downturn was largely attributed to the pervasive weakness in the lithium industry, driven by the d...
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Rio Tinto's (ASX: RIO) Strategic Move into Recycling and the Dynamics of the Metals Industry
January 02, 2024 12:44 PM AEDT| By Team Kalkine MediaRio Tinto Ltd. (,ASX: RIO,), a major mining entity, made a substantial AU$700-million investment in a 50% stake of Brampton-based Matalco Inc., emphasizing the pivotal role this,acquisition,plays in its future endeavors. Jakob Stausholm, the company'...

Analysing Pilbara Minerals' (ASX: PLS) 2023 Performance
January 02, 2024 12:28 PM AEDT| By Team Kalkine MediaThe ASX lithium share, Pilbara Minerals Ltd (,ASX: PLS,), experienced a year of fluctuations. Despite around 6% rise in the Pilbara Minerals share price, the S&P/ASX 200 Index (INDEXASX: XJO) outperformed it with a 9.3% increase, led by prominent nam...

What does recent Insider Transactions look like at Nickel Industries Limited (ASX: NIC)
January 02, 2024 11:43 AM AEDT| By Team Kalkine MediaNickel Industries Limited (,ASX: NIC,) recently witnessed a notable purchase by its MD & Director, Justin Werner, who acquired AU $502 k worth of stock at AU$0.67 per share. While this increased their holding by 2.3%, the purchase underscores confide...

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