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…
ASX 200 Ends Up 0.33% as 8,400 Holds
The ASX 200 closed the day with a 0.33% increase, continuing to find support at 8,400 in closing at 8,429.80. The All Ords followed closely, with a 0.32% gain seeing the index close at 8,680.50. The materials sector, and particularly mining stocks exerted pressure on overall performance causing earlier gains to pare back. A significant…
Lynas Rare Earths Shares Gain Analyst Upgrade
Lynas Rare Earths’ share price (ASX: LYC) has started the year in positive form, gaining 5.36%, despite a 0.29% on the day. In further support for LYC bulls was an upgrade from analyst firm Canaccord, boosting the stock from a Hold to a Buy recommendation, alongside a A$7.50 price target. This decision reflects a positive outlook…
BHP Shares Move Up as Guidance Reaffirmed
Mining giant BHP’s shares (ASX: BHP) added 0.92% today, as the firm reaffirmed its full-year production guidance across most of its operational portfolio, despite having to adjust its forecasts for copper production in South Australia due to a power outage. This decision reflects BHP’s confidence in its broader operational strategy while acknowledging localised challenges. BHP…
Aussie Markets Gain as U.S Markets Closed Monday
The ASX200 has started the week in fine form, with a gain of 37 points, or 0.45%, bringing the index to a close at 8,347.40. With U.S markets closed for Martin Luther King Jr. Day, and the inauguration of Donald Trump as the President of the United States, local markets have been pushing on, with…
