Amcor Share Price Gains as Jefferies Upgrade to ‘Buy’
Amcor’s shares (ASX:AMC) are trading 3.29% in the green so far this year, as news that Jefferies has upgraded the stock from a Hold to a Buy rating helped shares maintain a 0.38% rise on an otherwise mildly red day. Amcor’s stocks price target was raised substantially, from $15.70 to $20.50. This decision comes as…
Rio Tinto and Glencore in Preliminary Merger Discussions?
Rio Tinto (ASX:RIO) and Glencore (LON:GLEN), two of the largest entities in the mining sector, are reportedly in preliminary discussions about a merger. Although still in the infancy, if any deal were to be successfully executed, this merger could significantly reshape the global mining landscape by creating a company with a combined market valuation exceeding…
RBA Meeting Expected To Deliver Rate Cut to 4.1%
The Reserve Bank of Australia (RBA) is approaching a pivotal decision point as inflation figures show signs of slowing down. The Australian Bureau of Statistics reported that the consumer price index (CPI) rose by just 0.2% in the December quarter, leading to an annual rise of 2.4%. Furthermore, underlying inflation, or trimmed mean inflation, decreased…
ASX 200 Index Retreats From Highs as Global Markets React to US Tariffs
Australian markets began the trading week on a downturn, as the ASX200 fell by 1.79% to close at 8,379.4 and the All Ords shed 1.84%. This sudden turnaround, with the XJO making new highs on Friday has been triggered by recent tariff announcements from the White House, with almost all major global indexes down on…
ASX 200 Breaches 8,500 in Reaching New High
The ASX 200 achieved a landmark high in trading today, breaching 8,500 to set a new all-time-high at 8,515.70 before settling in to the close up 0.55% at 8,493.7. The All Ords also made impressive gains of 0.52%, but just fell shy of it’s own all-time-high of 8771.30 in hitting an intra-day peak of 8,768.50….
Kingsrose and BHP Report High Grade Rockchips and Progress
Kingsrose Mining Limited (ASX: KRM) has announced a significant progress update on its exploration projects in partnership with BHP (ASX: BHP) in Finnmark, Norway, and Central Finland. The company is focusing on unearthing critical minerals, including copper, nickel, and platinum group elements (PGEs), utilizing advanced geophysical and geochemical techniques. Fabian Baker, Managing Director of Kingsrose…
Emmerson Resources Shares Start Year Strong
Emmerson Resources (ASX: ERM) shares have gained 6.52% today, bringing the year-to-date rise to an impressive 22.50% with less than one month down. The company announced a pivotal development in its White Devil deposit, unveiling a maiden resource of 3.63 million tonnes grading at 4.2 grams per tonne (g/t). This equates to approximately 490,000 ounces…
Fortescue Acquisition of Red Hawk Mining Pushes Shares Higher
Fortescue Ltd (ASX: FMG) has recently announced its intention to acquire Red Hawk Mining (ASX: RHK). This move has resulted in Red Hawk shares gaining 44.85% over the past 5 sessions, leading the stock to it’s highest point in more than two years. This strategic acquisition aligns with Fortescue’s efforts to expand its mining and…
Rare Earths Market Outlook for 2025
The rare earths market is projected to experience significant shifts in 2025, driven by geopolitical dynamics and Chinese production patterns. Key factors including geopolitical tensions, market diversifications by China, and technological investments from the United States will play crucial roles in shaping the industry landscape. In recent years, geopolitical tensions and shifts in China’s production…
Paladin Energy Shares Rally as Firm Delivers Strong Quarter
Paladin Energy shares (ASX: PDN) have delivered double digit percentage gains on the day, adding 10.06% off the back of a solid quarter. The company’s Langer Heinrich mine in Namibia played a pivotal role by producing 308,604 pounds of uranium oxide in the last month of the December quarter, achieving an impressive average plant recovery…
