Opportunities in the Other Battery Minerals
A 4 March of 2022 article appearing on the Manufacturers’ Monthly website (manmonthly.com.au) began with the intriguing headline: Australian Battery Industry Could Be Worth $7 Billion by 2030. The Future Battery Industries Cooperative Research Centre (FBICRC) claims federal government investments over the next five years via the Modern Manufacturing Initiative (MMI) could build the value…
CommSec morning report Friday
In US economic data, personal income rose by 0.5% in May (survey: +0.5%) with spending up 0.2% (survey: +0.4%). The key inflation measure – the core PCE deflator – lifted by 0.3% in May to be up 4.7% on the year (survey: +4.8%). Initial jobless claims fell by 2,000 to 231,000 last week (survey: 230,000)….
Monday evening report
The Australian sharemarket started the week on a rather dull note, reflected by a 0.45 per cent or 32.5 point slide in the ASX 200 to 7206.3. Tech and Material stocks weighed on the index after both sectors recorded their fourth fall in five trading days. A 2.1 per cent rally in the Energy sector…
China’s major ports see steady growth in container throughput in May
BEIJING, — China’s major ports handled over 23 million twenty-foot equivalent units (TEUs) of containers in May, up 4.2 percent from a year ago, according to the Ministry of Transport Thursday. In May, the cargo throughput of major ports monitored reached 1.03 billion tonnes, an average daily increase of 3.2 percent compared with April, data…
auto market gears up for faster recovery over stimulus package
BEIJING, — China’s auto market is gearing up for faster recovery as policymakers flesh out details for a stimulus package to help the hard-hit industry that plays a critical role in boosting demand, lifting consumption and creating jobs. In the latest move, China has decided to slash the purchase tax by half for passenger cars…
Solid economic expansion continues
The Australian economy (as measured by gross domestic product or GDP) grew by 0.8 per cent in the March quarter to be up by 3.3 per cent on the year. ‘Normal’ growth of the Australian economy is around 2¼ per cent. In nominal terms, the economy grew by 3.7 per cent in the March quarter…
Car companies remain confident in China’s NEV market
HEFEI, May 24 (Xinhua) — German automaker Volkswagen’s Chinese joint venture Volkswagen Anhui recently began working on a new project for making new energy vehicle (NEV) parts, with an investment of 130 million yuan (about 19.5 million U.S. dollars). Located in Hefei, capital of east China’s Anhui Province, the project has a planned construction area…
Sustainable investing in 2022
Sustainable investing allows you to invest with intention by aligning your portfolio with your principles. Sustainable investing has had increasing momentum. According to the U.S. SIF Foundation’s 2020 Report on US Sustainable and Impact Investing Trends, as of year-end 2019, one out of every three dollars under professional management in the U.S. – $17.1 trillion – was managed according to…
CommSec morning report Wednesday May 4, 2022
Latest news * In the US, JOLTS job openings (vacancies) rose from 11.344 million to 11.549m in March (survey: 11.2m). Factory orders rose by 2.2% in March (survey: +1.1%). Weekly Redbook chain stores sales rose by 15.2% in the past week on a year ago, up from the 12.7% annual gain in the prior week….
ASIC – Super infringement notices issued
Maritime Super Pty Ltd has paid $26,640 to comply with two infringement notices issued by ASIC. The notices concerned alleged misleading statements made to members about Maritime’s investment partnership with Host-Plus Pty Ltd (Hostplus). In a Significant Event Notification and a newsletter sent to members between March and June 2021, Maritime stated that its investment…
