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Metal and mining
Pilbara Minerals (ASX:PLS) sheds off more than 22%; here's why
June 01, 2022 07:42 PM AEST| By RitwikaThe shares of Pilbara Minerals Limited (ASX:PLS) closed 22.033% lower at AU$2.300 per share on the ASX today (1 June). Approximately 128 million shares of Pilbara Minerals were traded in today's trading session on the ASX. The ASX-listed lit.....
Why are Sayona Mining (ASX:SYA) shares trading in red today?
June 01, 2022 03:22 PM AEST| By Bhawna GuptaShares of Sayona Mining Limited (ASX:SYA) plunged on Wednesday (1 June 2022) and were trading at AU$0.187 each, down 14.77% on ASX at 2.17 PM AEST. The ASX 200 Index was 0.089% or 6.40 points up at 7,217.60 at 2.25 PM AEST. Sayona did not provide .....
Fortescue (ASX:FMG) sheds off almost 7% in May; here’s why
May 31, 2022 03:04 PM AEST| By RitwikaHighlights Fortescue’s share price movement was highly influenced by the sliding prices of iron ore in May 2022. Fortescue’s March quarter update is also somewhat responsible for the share price movement of Fortescue. .....
Liontown Resources (ASX:LTR) shares traded in green today, here’s why
May 30, 2022 03:45 PM AEST| By Priyanka PayalHighlights Liontown and Tesla have agreed to extend the termination date for a binding offtake term sheet signed between them to 6 June 2022. The deal concerned the supply of lithium spodumene concentrate from Liontown Resources’ Kathleen...
Capricorn Metals (ASX:CMM) to acquire Mumbakine Project of Gascoyne (ASX:GCY)
May 30, 2022 12:56 PM AEST| By Sonal GoyalHighlights Capricorn will be acquiring Mumbakine Well Project for AU$1.25 million. Capricorn’s existing Karlawinda Gold Project is situated near the Mumbakine Well Project. Capricorn expects to complete transaction by end of June 2022. .....
Gold Road (ASX:GOR) shares gain on improved takeover bid for DGO
May 30, 2022 11:42 AM AEST| By Sukriti NairGold explorer and miner, Gold Road Resources Limited (ASX:GOR), has announced an improved share offer consideration to DGO Gold Limited shareholders. Gold Road had made a conditional, off‑market, takeover bid to DGO on 4 April 2022, offering 2.16...
Here's why Core Lithium (ASX:CXO) shares gained 422% in a year
May 27, 2022 07:06 PM AEST| By RitwikaMay. The shares of Core Lithium Ltd (ASX:CXO) closed 1.953% higher at AU$1.305 per share on the ASX today (27 May). More than 18 million shares of Core Lithium were traded during the entire trading session on the ASX today. The sha....
Sayona Mining (ASX:SYA) shares gain on funding commitments
May 27, 2022 04:41 PM AEST| By Bhawna GuptaHighlights Sayona has received commitments to raise AU$190 million funding. The company has hired Salvatore Vitare as its new (CFO) as part of a restructured corporate structure. Anne Blier and Carl Corriveau have been named vice-presidents, e...
Galileo Mining (ASX:GAL) shares zoom over 26% today, here’s why
May 27, 2022 02:10 PM AEST| By Bhawna GuptaShares of Galileo Mining Ltd (ASX:GAL) skyrocketed today (27 May 2022) gaining 26.95% to trade at AU$1.79 apiece on ASX at 12.53 PM AEST. This rise in share price follows an announcement by the company as Galileo informed on Friday (27 May 2022) t.....
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...
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