Lithium’s impact on ASX investors, Chinese NEV sales, and the global EV market
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Among renewables, lithium remains a significant driver for ASX investors and companies, with Rio Tinto exploring this space, unlike BHP.
Read MoreAmong renewables, lithium remains a significant driver for ASX investors and companies, with Rio Tinto exploring this space, unlike BHP.
Read MoreChina's central bank left its last two key indicator rates steady at all-time lows on Wednesday, despite November's economic data dump—especially housing and inflation figures—continuing to suggest that the economy remains moribund.
Read MoreFund Manager Chris Pedersen discusses housing affordability, supermarket shares and trading strategies. Chris also dives into two companies – Ridley Corp (ASX:RIC) and LendLease Group (ASX:LLC).
Read MoreThe European Central Bank (ECB) has joined the US Federal Reserve in preparing for a rate cut in 2024, as euro area inflation slumped to just 2.4% in November, barely above the 2% target. This result was significantly better than the market's forecast of a fall to 2.7%.
Read MoreCanada has confirmed media reports that it will move ahead with new rules that will compel all new vehicles sold in 2035 to be electric-powered.
Read MoreChinese electric vehicle (EV) manufacturer, Nio, has secured a second investment this year worth billions of dollars from the government wealth fund of Abu Dhabi, resulting in the Gulf state gaining control of approximately 20.1% of the company.
Read MoreFurther confirmation that the lithium boom has been well and truly pricked with the Federal Government’s December Resource Quarterly revealing another downgrading in the outlook for the key renewable metal for the next two years.
Read MoreUS Steel, America's iconic steelmaker, is set to be acquired by the Japanese giant, Nippon Steel, for $14.9 billion in cash (more than $A22 billion) in a deal that will be welcomed on both sides of the Pacific.
Read MoreThe forecast for a slowdown in Australia's export earnings from resources and energy looks set to continue over the next year to 18 months, but perhaps not at a pace as deep as seen a few months ago.
Read MoreBuried in last week’s data drop from China’s National Bureau of Statistics was the usual monthly update from the black hole of the country’s economy: property.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events.
Read MoreOnline American shoppers are finding what they think are bargains at Costco, America's big-box retail discount club: gold. The retail warehousing giant says customers snapped up more than $100 million of the precious metal in the quarter ending November 26.
Read MoreChina isn't frightened by high or weak gold prices, as its buying this year has once again confirmed.
Read MoreJapanese financial services company Mitsubishi UFJ Financial Group (MUFG) is making its fifth attempt to take over the troubled Link Administration Holdings, this time through its subsidiary, The Trust Bank.
Read MoreOil prices settled lower on Friday but rose slightly for the week due to a weaker dollar and an improved 2024 demand outlook after weeks of losses.
Read MoreAs the world eagerly anticipates Santa Claus' arrival in just one week, investors are already feeling the effects of a significant financial event: the recent rate cut decision by the Federal Reserve. This move is set to dominate headlines not only this week but also as we transition into early 2024, amid the post-holiday hangovers and renewed commitment to New Year diets.
Read MoreLast week's sharp rise in the ASX200 looks set to be short-circuited today after the share price futures market dropped 74 points on Friday night.
Read MoreWinston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector.
Read MoreUS consumers reopened their wallets and dusted off their credit cards last month as retail sales increased by a stronger-than-forecast 0.3%. In fact, November's rise, following October's 0.2% fall, surprised most economists who had predicted another slide of 0.1%.
Read MoreAustralian unemployment rose to an 18-month high of 3.9%, according to the latest labor force report from the Australian Bureau of Statistics on Thursday. However, focusing solely on that figure, as some reports did, was highly misleading.
Read MoreAs we near the end of a volatile macroeconomic year, we look at some of the interesting trends in global real estate and consider what's to come.
Read MoreAnother $US3 trillion day for Apple as the rate cut frenzy on Wall Street pushed the iPhone maker’s shares close to a record $200.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the Federal Government's Mid-Year Economic and Fiscal Outlook.
Read MoreThe way iron ore prices continue to trade above $US130 a tonne, there is every chance the 2023-24 budget will be in surplus by June 30 next year after a sharp improvement in the mid-year economic update.
Read MoreChina's leaders have once again demonstrated their lack of clarity regarding the policies needed to steer the country's economy away from the tightening grip of deflation, weak demand, and uncertain confidence.
Read MoreAs expected, the improvement in US consumer inflation slowed in November, with the annual rate dipping to 3.1% from 3.2% after a 0.1% rise in the month.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses themes for 2023 and possible themes for 2024.
Read MoreAustralia, home to the world's largest uranium resource, finds itself at a crossroads as it grapples with the question of whether to be a lifter or a leaner in the global pursuit of decarbonisation and energy security.
Read MoreJust a week ago, gold futures were soaring at $2,150 per ounce. However, by Monday's close, they had plummeted to under $2,000, with further declines anticipated ahead of crucial inflation data and the Federal Reserve's statement and rate decision on Thursday.
Read MoreIn a significant development, new data indicates that patients who underwent treatment with Eli Lilly's groundbreaking weight loss drug, Zepbound, faced weight regain after discontinuing the medication for a year.
Read MoreAccording to US media reports, Arkhouse Management and Brigade Capital have recently submitted a proposal to acquire the chain for $21 per share, compared to Friday's closing price of $17.39.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events.
Read MoreDeepening deflation has tightened its grip on the entire Chinese economy, underscoring the urgency behind the Chinese Communist Party and President Xi Jinping's recent emphasis on increasing government "fiscal stimulus."
Read MoreIt's going to be a nervy half-week ahead for Wall Street, with a rare twin sentiment tester to contend with: a monthly consumer inflation report and then a Fed meeting, complete with new forecasts.
Read MoreWhile gold slid, and oil again notched up a losing week, iron ore continued its charge higher, and thermal coal prices had their strongest week in months – both of which should be good news for Australian resource companies.
Read MoreLast Monday, despite reaching all-time highs in Asian markets, gold prices finished the week down more than 3.3%, closing at approximately $2,004 an ounce for the Comex front month and $2,020 for the continuous contract close.
Read MoreIn a week filled with notable developments and market fluctuations, the Australian Securities Exchange (ASX) and global financial markets experienced significant shifts driven by various overarching themes. Here's a comprehensive breakdown of the key events and their impact on different sectors and stocks during the period from Monday, December 4th, to Thursday, December 7th.
Read MoreThe electric vehicle (EV) industry, once riding high on optimism and sky-high valuations, has hit a roadblock as investors and car manufacturers reevaluate their strategies amidst a slowdown in growth. Factors ranging from rising interest rates to evolving EV technology and consumer preferences are being cited as reasons behind the shift in momentum.
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