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Metal and mining
Why did Novonix (ASX:NVX) shares gain over 67% in a year?
May 27, 2022 12:45 PM AEST| By RitwikaHighlights Novonix’s director Trevor St Baker AO, decides to retire from the board of Novonix immediately. Novonix is garnering investors’ attention due to the rising demand and prices of lithium worldwide. As a r.....
MNB, GSR, CNJ: Why these ASX mining shares rose over 19% yesterday
May 26, 2022 08:56 AM AEST| By Ashishts. The Australian share market ended Wednesday on a positive note, with ASX 200 settling 0.37% higher at 7,155.20. Even the ASX All Ordinaries index ended the day 0.25% higher. However, the overall stock market gains were paled by the stellar...
MGX, LCY, GRR: 3 ASX stocks in focus as India jacks up iron ore export duty
May 25, 2022 05:56 PM AEST| By Arpit VermaBenchmark iron ore futures in China surged around 7% on Monday, recording the biggest intraday gain in the last two and half months. The staggering rise in the prices of iron ore was seen after India increased export duties on various commodities t.....
Superloop (ASX:SLC) acquires Acurus for AU$15 million; shares gain
May 25, 2022 02:43 PM AEST| By Khushboo JoshiHighlights Acurus is an Australian broadband firm. Superloop has picked up Acurus for AU$15 million. Acurus’ white label platform customers will be able to use Superloop’s high-speed network. Telecommunication giant, Superloop.....
Here’s why Lynas (ASX:LYC) shares are in news these days
May 25, 2022 01:47 PM AEST| By Bhawna GuptaHighlights On Tuesday, Lynas shares closed 0.42% higher at AU$9.54 each. The rise represents a 14% improvement since the stock rallied back from a six-month low of AU$8.37 on 10 May 2022. S&P/ASX 300 Metals & Mining Index also closed 0.....
Sayona Mining (ASX:SYA) share price in a trading halt, here's why
May 25, 2022 12:47 PM AEST| By Bhawna GuptaThe share price of Sayona Mining Ltd (ASX:SYA) has been struggling this week. The lithium stock has lost 28% of its value since the end of last week. This comes after releasing a dismal pre-feasibility study (PFS) for the North American Lithium (N.....
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.....
NST to EVN: ASX gold stocks on radar as yellow metal’s prices shoot up
May 19, 2022 12:00 AM AEST| By Arpit Vermarest rates. Gold prices rose on Wednesday amid a weakening dollar and US Federal Reserve chief Jerome Powell’s aggressive stance on inflation. A weaker dollar enhances the appeal of bullion and makes it attractive for buyers who hold other...
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...
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