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Metal and mining
Turnaround in iron ore futures pushes Australian mining stocks higher
April 02, 2024 03:56 PM AEDT| By Team Kalkine MediaAustralian mining stocks surged as much as 1.35% on Monday, reaching their highest level since February 20. The rise in mining equities was primarily fueled by a turnaround in iron ore futures, which initially experienced losses but rebounded later i...
Orora (ASX: ORA) downgrades its FY24 earnings forecast, share price drops by over 12%
April 02, 2024 01:22 PM AEDT| By Team Kalkine MediaThe Orora Ltd (,ASX: ORA,) stock is facing a challenging start to the week, plummeting by 12.87% to reach a 52-week low of AU$2.28 in morning trade on the ASX 200.,The drastic decline in the ASX 200 stock's value is attributed to investors hastily se...
Don Lindsay joins BHP (ASX: BHP) board as nonexecutive director
March 28, 2024 06:06 PM AEDT| By Team Kalkine MediaGlobal mining giant BHP (,ASX: BHP,) made waves on Thursday with the announcement of Don Lindsay, the former CEO of Teck Resources, joining its board as a nonexecutive director effective May 1. Lindsay, boasting a remarkable 17-year tenure leading Te...
Fall in iron ore future prices impact ASX mining sector, BHP (ASX: BHP) and Rio (ASX: RIO) in red
March 27, 2024 02:33 PM AEDT| By Team Kalkine MediaThe Australian mining sector has recently experienced a notable downturn, with mining stocks sliding as much as 0.17%. This decline comes amidst a backdrop of various factors impacting the industry, including falling iron ore futures prices and disap...
Mineral Resources (ASX: MIN) share price falls on Tuesday amid lithium industry weakness
March 26, 2024 12:24 PM AEDT| By Team Kalkine MediaMineral Resources Ltd (,ASX: MIN,), a prominent player in the mining and mining services sector, experienced a downturn in its share price, with a decline of nearly 3% to AU$67.80 in morning trade on Tuesday. The drop in share value can be attributed...
Share price of Pilbara Minerals (ASX: PLS) drops amid lithium industry weakness
March 25, 2024 11:44 AM AEDT| By Team Kalkine MediaThe week kicks off with a downturn for Pilbara Minerals Ltd (,ASX: PLS,) as its shares dip by 1.5% to AU$3.85 in morning trade on 25 March 2023, reflecting broader weakness in the lithium industry.,Investors are reacting to the company's latest updat...
The Inside Scoop: Delving into BHP Group Limited's ASX:BHP Share Price Puzzle
March 21, 2024 09:24 PM AEDT| By Team Kalkine MediaWith a median price-to-earnings (P/E) ratio of approximately 19x in Australia, one might not find BHP Group Limited's (,ASX:BHP,) P/E ratio of 19.1x particularly remarkable. However, if this ratio isn't justified, investors could potentially overlook...
Brickworks (ASX: BKW) increases dividend despite EBITDA loss of AU$40M
March 21, 2024 12:41 PM AEDT| By Team Kalkine MediaThe share price of Brickworks Limited (,ASX: BKW,) is experiencing a downturn on Thursday's trading session. As of the morning session, the building products company's shares have declined by 2.81% to AU$28.38 apiece.,This decline follows the release...
Rio Tinto (ASX: RIO) venture into lithium sparks investor’s optimism
March 20, 2024 04:54 PM AEDT| By Team Kalkine MediaRio Tinto Ltd (,ASX: RIO,) is making waves in the market as its shares surge by 0.71%% to AU$121.25 on Wednesday at 3:59pm AEDT. The driving force behind this upward momentum seems to be the rebound in iron ore prices witnessed overnight in China.,Wh...
South32 (ASX: S32) shares fall on Wednesday amid project disruption news
March 20, 2024 04:28 PM AEDT| By Team Kalkine MediaThe South32 Limited (,ASX: S32,) share price is witnessing a decline today, as investors bid down shares amidst updates on the miner's Groote Eylandt project, which has been impacted by Cyclone Megan. Trading at AU$2.99 per share on Wednesday at 3:52...
Mineral Resources (ASX: MIN) witnesses surge in share price, initiates pilot phase of LieNa technology with Lithium Australia (ASX: LIT)
March 19, 2024 06:22 PM AEDT| By Team Kalkine MediaMineral Resources (,ASX: MIN,) experienced a notable surge in its share price, climbing by as much as 3.08% to AU$68.50. The diversified resources conglomerate recently announced a significant development involving its joint venture partner, Lithium...
ASX mining shares jump on Tuesday after iron ore prices surge
March 19, 2024 05:44 PM AEDT| By Team Kalkine MediaAustralian mining stocks, represented, experienced a notable uptick, climbing by as much as 2.23% to reach 5,727.90 points on Tuesday. This surge in mining equities was largely attributed to various factors driving positive sentiment within the secto...
Considering BHP shares? This is a must-read.
March 19, 2024 03:26 PM AEDT| By Team Kalkine MediaBHP Group Ltd (,ASX: BHP,) shares are experiencing a positive uptick today, contrasting with the broader movement of the ASX 200 Index (ASX: XJO), which is slightly down. BHP's shares closed yesterday at $42.41 and have risen to $42.73 in late mornin...
REA and BHP Group Ltd: 2 ASX shares to explore
March 19, 2024 03:24 PM AEDT| By Team Kalkine MediaThe Rea Group Ltd (,ASX: REA,) share price has seen a significant surge of 63.8% since the beginning of 2024, reflecting its strong performance in the real estate advertising sector. Founded in 1995 and majority-owned by News Corp, REA Group operates...
Poseidon Nickel (ASX: POS) to sell Lake Johnston project for AU$14M
March 18, 2024 07:45 PM AEDT| By Team Kalkine MediaPoseidon Nickel Limited (,ASX: POS,) has recently announced a significant development, revealing that it has entered into a binding head of agreement to sell its Lake Johnston project to Mineral Resources Limited. This proposed divestment marks a str...
Australian mining index dropped on Friday. BHP (ASX: BHP) and Rio (ASX: RIO) closed in red.
March 15, 2024 05:59 PM AEDT| By Team Kalkine MediaAustralian mining stocks experienced a significant decline, with the (INDEXASX: XMM) index falling by as much as 2.02%. This downward trend was driven by a variety of factors, including continued pressure on Dalian iron ore futures prices due to subd...
Liontown Resources (ASX: LTR) experienced increase in losses in the 1HFY24 due to heightened investment activities
March 15, 2024 05:25 PM AEDT| By Team Kalkine MediaAustralian lithium miner Liontown Resources (,ASX: LTR,) reported a significant increase in its half-year loss on Friday, citing elevated costs as it approaches the commencement of production at its flagship Kathleen Valley project, coupled with heig...
BHP Group (ASX: BHP) sees surge in stock price on Citi upgrade and copper price boost
March 14, 2024 05:58 PM AEDT| By Team Kalkine MediaBHP Group (,ASX: BHP,), the global mining powerhouse, experienced a significant uptick in its stock price, climbing as much as 2.65% on Thursday to reach AU$43.06. The rally in BHP's stock was propelled by a noteworthy development in the financial ma...
Liontown Resources (ASX: LTR) sees soaring shares with AU$550M debt facility boost
March 13, 2024 04:53 PM AEDT| By Team Kalkine MediaIn a remarkable surge, Liontown Resources' (,ASX: LTR,) shares experienced an 18.3% jump during the trading session on 13 March 2024, reaching AU$1.555 and poised for its most substantial gain since March 28, 2023. LTR shares closed 6.08% up at AU$1....
Alumina (ASX: AWC) accepts AU$2.2B buyout offer from Alcoa
March 12, 2024 04:48 PM AEDT| By Team Kalkine MediaIn a significant corporate development, Australia's Alumina Limited (,ASX: AWC,) announced on Tuesday that it has entered into a definitive agreement to be acquired by U.S. aluminum producer Alcoa in an AU$2.2 billion all-stock buyout offer. The deal...
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