Rare earth prices, which experienced a sharp decline in 2023, are expected to make a strong comeback later this year, driven by growing demand from the electric vehicle and wind power industries, coupled with a potential reduction in production quotas by China, the leading producer of rare earths.
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The Australian dollar fell below the US65¢ mark, reaching US64.87¢, its lowest level since late November.
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The S&P 500 notched a fresh record high on Friday as quarterly results from technology companies including Facebook-parent Meta topped expectations and the January jobs report came in much better than expected.
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Chariot Corporation (ASX:CC9) announced today the promising results of its maiden drill program at the Black Mountain Project in Wyoming, USA.
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Australian shares opened 0.5% higher on Friday, with the financial sector, including banks, recovering by 0.7%. Investors were monitoring the potential impact of bad debt exposure to US commercial property.
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The Dow Jones Industrial Average rose Thursday as stocks recover from a dismal day for the major averages after the Federal Reserve held steady on rates but signalled that a March cut is unlikely.
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The S&P/ASX 200 Index declined by 1.2%, closing at 7588.2 points, primarily driven by investors' concerns regarding bad debt exposure in the real estate sector following warnings from US and Japanese lenders.
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The S&P/ASX 200 Index fell by 1.03 percent at around 11:30am from a record high as the resources, energy, and tech sectors drove the market lower.
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US stocks declined on Wednesday following the Federal Reserve's decision to keep interest rates unchanged.
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The Australian sharemarket reached a new all-time high as inflation cooled more than anticipated in the December quarter, prompting a risk-on rally among traders.
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In Q4, Australian inflation slowed to 0.6%, falling below the market consensus of 0.8%, marking the fourth consecutive quarter of declining annual inflation, with the CPI dropping from 5.4% to 4.1% over the past 12 months.
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Indonesia, the world's largest nickel producer, is making waves in the global nickel market, flooding it with an abundance of low-cost supplies. This surge in nickel production is forcing competitors to shutter unprofitable mines and is causing concerns in Western capitals about China's growing dominance over this strategically critical resource.
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The S&P 500 ended Tuesday near the flatline as Wall Street waits for the latest Federal Reserve decision on interest rates.
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The Australian sharemarket extended its winning streak to seven sessions, with the S&P/ASX 200 index gaining 0.3% and reaching 7600.2 points at the close, nearing its previous record high from August 2021.
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Retail sales in December dropped by 2.7%, falling short of the expected 1.9% decline, indicating that consumers reduced their spending ahead of Christmas.
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The S&P 500 rose Monday and headed for a fresh record high as Wall Street looked toward several mega-cap tech earnings reports and the Federal Reserve’s rate policy decision.
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Australian sharemarket extended its winning streak for the sixth consecutive day, with the S&P/ASX 200 rising 0.3% to 7578.4 points, primarily driven by a 1.8% surge in energy stocks due to rising oil prices amid escalating tensions in the Middle East.
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The Australian sharemarket exhibited mixed performance, as gains in energy stocks driven by rising oil prices due to escalating Middle East tensions were offset by a 1.3% decline in tech stocks, reflecting disappointing earnings reports from US tech giants, including a significant drop in Tesla's shares.
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The S&P 500 closed slightly lower Friday, but clinched weekly gains as the latest economic data added to a positive picture of the economy.
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Australian shares opened higher with a significant boost from iron ore miners BHP, Rio Tinto, and Fortescue, all of which saw gains exceeding 1 percent, driving up the overall market index.
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The S&P 500 rose Wednesday as a number of big tech stocks rallied, pushing the broader market to new heights.
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Australian shares experienced a subdued session, with the S&P/ASX 200 index edging up 0.1 percent, driven by a rally in the mining and utilities sectors, while health sector stocks, notably Nanosonics, saw significant declines.
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Australian shares saw an extension of gains during the opening session, buoyed by the S&P 500 achieving its third consecutive record high. This development coincided with mixed quarterly reports preceding the "Magnificent 7" group of megacap companies.
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icetana Limited (ASX: ICE), a leading artificial intelligence video analytics software company that aids security and IT teams in managing large-scale surveillance networks, has released its quarterly report for the period ending December 31, 2023 (Q2 FY24). The company reported significant achievements and robust growth during the quarter.
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The Dow Jones Industrial Average fell Tuesday, pulling back from record-breaking highs as traders pored through the latest batch of corporate earnings.
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The Australian sharemarket extended its longest winning streak of the year as the S&P/ASX 200 index rose 0.5% to 7514.9, driven by gains in healthcare and financial sectors following a Wall Street rally that pushed the S&P 500 to a new high.
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In a bid to capitalise on the surging demand for critical metals, Elementos (ASX:ELT) is making significant strides with its two development assets in highly regulated mining jurisdictions in Andalucía, Spain, and Tasmania, Australia. The company is strategically positioned to exploit the growing global electronics industry and address the impending supply shortfall of tin in electronic solder.
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Prices for Australian lithium are set to face further downward pressure, and the competition from Chinese miners is expected to intensify, according to a recent analysis by commodity price forecaster Wood Mackenzie.
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The Australian sharemarket continues to build on its upward momentum, mirroring a modest rally on Wall Street that propels the S&P 500 to a new record high.
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The Australian sharemarket opened slightly higher, following a modest rally on Wall Street, which saw the S&P 500 reach a new high. The S&P/ASX 200 index is currently up by 0.59% at 7,520.90, reflecting a similar trend in US stocks, with the S&P 500 closing up 0.2% and the Nasdaq 100 up 0.3% overnight.
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US stocks rose overnight as investors built on the previous session’s historic move to record highs.
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The Australian sharemarket saw gains driven by a US rally, with tech and financial stocks leading the way. Buy now, pay later company Zip surged 16.5% after announcing a return to semi-annual profitability.
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ABx Group (ASX:ABX) has announced high-grade results emerging from the first drilling campaign at the Wind Break deposit.
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By mid-afternoon, the Australian share market rose by 0.6%, influenced by a positive trend in the US stock market.
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The Australian sharemarket increased in response to a US rally, with the S&P 500 and Nasdaq reaching record highs.
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In a significant move towards bolstering the United States' electric vehicle (EV) infrastructure and fostering clean energy employment, the Biden-Harris Administration has unveiled a funding injection of US$46.5 million to support 30 projects across 16 states and Washington, D.C. These projects are designed to enhance the performance, resilience, and reliability of EV charging networks, promote equitable access to sustainable transportation solutions, and stimulate the growth of the clean energy workforce.
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The S&P 500 closed at an all-time high on Friday as investors returned to buying equities in force following a short-lived market stumble to start the new year.
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Australian shares have surged as they followed a tech rally on Wall Street due to positive US labor data, which boosted economic optimism and downplayed concerns about Federal Reserve interest rate cuts.
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Tech companies, led by Apple, powered the market Thursday and pulled the major averages into positive territory.
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The Australian sharemarket experienced a fifth consecutive day of decline, primarily driven by a decrease in interest rate-sensitive real estate stocks.
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DOWNLOAD RESEARCH REPORTSecures binding contract with Tier-1 OEMUS based anode active project gathers momentumMagnis Energy Technologies (MNS.ASX) – MNS is planning an anode active facility in the US and recently announced a binding, yet conditional, contract for the supply of anode active with Tesla. The contract is for a minimum 17.5kt/year with an option to purchase another 17.5t/year. Conditions precedent carry a tight development timeframe, with first production scheduled for February 2025. Site selection is underway and co-locating with an OEM on a brownfields site makes sense. Long lead items have been ordered and detailed engineering and design is expected to commence soon. |
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December Quarterly Report: Q2 FY2023Looking past the rain – there’s a rainbow.TerraCom released their operating results for the December quarter FY2023 with operating metrics being in line with our forecasts. Unseasonal rains in both Australia and South Africa contributed to operational and logistical issues across all mines, however guidance for annual production at Blair Athol is unaffected and highlights the quality of TerraCom’s skills in operational management. We continue to like the stable operating metrics around the company’s Australian operations and see potential for the South African operations to benefit from increased management focus given the rationalisation of operations following the closure of the Ubuntu mine. Corporate Connects overall financials remain unchanged as does our target price of $1.35 share. We maintain our forecast for a fully franked quarterly dividend of 7.5c/share to be paid in the March and June quarters of FY2023. |
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DOWNLOAD RESEARCH REPORTHigh performance synthetic anode & cathode materials Building a US based materials supply chainNOVONIX (ASX:NVX) – is scaling a synthetic anode materials plant in the US and piloting nickel rich cathode material in Canada. Why? China is dominant and growing – 100% of global natural anode and 68% of synthetic anode is refined in China. In short, China controls the global midstream battery chain by controlling 60% of chemical refining, 87% of anode manufacturing, 61% of cathode manufacturing and 73% of battery manufacturing. It is global battery supply and price domination at scale. |
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DOWNLOAD RESEARCH REPORTAntisense Therapeutics (ANP) Taking a Quick Approach to Long COVIDThis report looks at the results of a collaborative study Antisense undertook which looked at the largest protein expression database in Long COVID-19 patients who experienced neurologic symptoms well after the primary or acute SARS-CoV-2 infection was considered over (Groups 1 & 2, with 48 subjects Group 2 comprising a single patient from a different clinical site). The symptoms and others experienced by such patients result in a highly significant amount of illness, possibly more than all primary SARS-CoV-2 infections i.e COVID-19. |
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DOWNLOAD RESEARCH REPORT4Q reveals more focus on profit and cash flow• LBY’s 4Q FY22 quarterly activities update showed continued solid growth in top line metrics, albeit slowing, with GMV of NZ$203m (+26% on pcp) and income of NZ$12.1m (+23% on pcp).
• Net Transaction Margin (NTM) disappointed at -0.5%, due to further increase in credit losses from 4.0% to 4.9% of GMV. However, new fraud and credit risk management tools have seen losses recover materially with NTM back to 1.2% in March and LBY is confident of further recovery in coming months.
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DOWNLOAD RESEARCH REPORTSigns MOU with Ford Company – Kachi is now sold out!Lake Resources (LKE. ASX) – LKE has signed two non-binding MOU’s in the space of 10 days. Ford Company (Ford) has signed an MOU for ~25,000t/year and last week Hanwa, a Japanese commodity trader signed a MOU for up to 25,000t/year. Subject to execution, this is an amazing feat as Ford and Hanwa are prepared to enter into longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing but are expected, especially if Ford & Hanwa inject new equity into LKE, to further de-risk the project financing & thus ensure LKE and Kachi are fully funded. |
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DOWNLOAD RESEARCH REPORTStrategic Vanadium-battery growth with Titanium & Iron earnings resiliencyTNG Ltd is an ASX-listed technology owner and developer of the world-class Mount Peake near-surface vanadiferous titanomagnetite deposit. To unlock value, TNG will concentrate ore from its central Northern Territory mine for processing through its patented TIVAN® process produce three premium quality revenue streams: hi-purity vanadium pentoxide (V2O5) for steel alloys and Vanadium Redox Flow batteries, a quality titanium pigment for paints and a premium steel input with >64%Fe iron ore fines. |
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Promising exploration and development update while SOP prices continue to riseTwo recent gravity surveys have considerably exceeded expectations and revealed potential for extensions to the existing MRE at Lake Throssell, plus a material growth opportunity at Lake Yeo. This reinforces the potential for a multi-decade, Tier-1 SOP production hub based around Lake Throssell. TMG is currently completing work towards the PFS due early 2023, including drilling to start in Q3 2022, evaporation trials and permitting activities. Results from these programs will support the PFS and any future resource upgrade. Benchmark SOP prices have risen to ~US$940/t due to recent geopolitical developments. The Oct 2021 Scoping Study assumed a SOP price of US$550/t and contained a sensitivity analysis showing every 10% increase in price drives a +$144m increase in the project NPV of $364m. The c.70% increase above the Scoping Study thus implies a project NPV of ~$1.4bn. |
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DOWNLOAD RESEARCH REPORTIncreasing our TargetDespite the lower realised oil and gas price, which fell by 5.4% and 19.7% respectively in August, Calima managed to show improvement in its key business metrics. We expect higher production in November due to the contribution by the new Thorsby wells which will be drilled in August/September which will see Calima meet its 2021 production guidance of 4,500 boe/d. |
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DOWNLOAD RESEARCH REPORTEmerging Financial Wealth Advisory GroupWT Financial Group Limited (WTL) is a growing diversified financial services company, founded in 2010 and listed on the Australian Stock Exchange (ASX) in 2015. Its advice and product offerings are delivered primarily through a group of independent financial advisers operating as authorised representatives of WTL under its Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group) dealer group operations. It has around 275 advisers across more than 200 financial advice practices Australia-wide. It also operates a direct-to-consumer operation under its Spring Financial Group brand. |
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DOWNLOAD RESEARCH REPORTImmutep Taking the Fight to CancerIn May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive research report on ASX-listed biotech Immutep Ltd (ASX: IMM). So impressed was he with IMM that Corporate Connect felt it imperative that a follow-up report be released placing a valuation on the company, because the market was not seeing the vast potential of eftilagimod alpha (efti). This follow-up report has been released today. Using comparables, after adding cash back to their EV estimate and dividing by the total number of issued shares, Corporate Connect now places the fair value of an Immutep share at $A2.20. |
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DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaPayGroup (PYG) delivers multi-country BPO services and cloud SaaS HCM solutions, assisting companies to manage employees in multiple, complex jurisdictions. The company has many growth opportunities, including new clients, new jurisdictions, new products, partner expansion, and new revenue sources. PYG’s scalable business model allows operating leverage and with savings from in-housing third party technology, support margin expansion. |
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DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaOpenLearning (OLL) is a higher education technology company that operates a scalable online learning platform through a software-as-a-service (SaaS) business model and provides a global marketplace of high quality courses for learners of all levels. Its primary customers are education providers based in Australia and South-East Asia (primarily Malaysia). OLL started operations in Australia in 2012 and expanded to Malaysia in 2015, Singapore in 2018, and recently also Indonesia. |
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