Global Lithium Resources will fire directors, cut its chief executive's salary and put its flagship exploration project on hold as prices for the battery metal stagnate following an attempted board ouster.
There is no improvement in sight for crisis-hit lithium producers in Western Australia, as falling prices continue to show no signs of abating. The current price of six percent spodumene concentrate – the benchmark for lithium ore in Western Australia – reached $780 a tonne on Wednesday morning, according to data from the Shanghai Metals … Read more
BHP and union leaders in Chile agreed to a provisional wage deal at the world's largest copper mine on Friday, leading to a drop in the price of the commodity.
With elections approaching, falling iron ore prices could limit the federal government's ability to run a budget surplus. Iron ore has been the basis of Australia's export earnings for decades, largely due to demand from China.
Falling iron ore prices and the weakening Chinese steel industry could cause three billion dollars in damage to the Australian economy, warns Finance Minister Jim Chalmers. With iron ore prices closing at USD 81.80/tonne on Thursday, the global commodity price is below the price forecast at the time of the budget announcement, according to the … Read more
The launch of a stunning penthouse project aimed at super-rich buyers is a sign of the times in one of Australia's hottest property markets.
Comments from the RBA governor, who is adamant that he will not cut interest rates in the near future, did little to dampen sentiment on the ASX on Friday.
The ASX200 had gained 1.4 percent by midday and was on track to end the week up 2.5 percent, its best weekly performance since December.
Skoda Australia has revised its local Karoq range, introducing new nameplates and equipment while increasing the price of the mid-size SUV. The Skoda Karoq series most recently consisted of an entry-level variant of the same name, the mid-range variant Style and the flagship Sportline, with the trio now renamed Select, Sportline 4×2 and Sportline 4×4 … Read more
Renewed fears about slowing steel demand from China have pushed the market values of two Western Australian iron ore mining giants to lows not seen since 2022. On Wednesday, Fortescue shares fell 4.6 percent to $17.32 and BHP shares lost 2.8 percent to $39.60. The share price of both companies is now at its lowest … Read more