AU Weekly Wrap | May Unemplyment Rate Falls; Telix Pharmaceuticals Shares Sink on Unexpected Nasdaq News
Check out what happened in this week's AU stock market as well as the key economic data for next week.
AU Evening Wrap: Australia Shares Fall 0.3%, Notch Weekly Decline
Australian shares fall 0.3% on Friday, with the benchmark index experiencing a 1.7% decline over the week due to losses in iron-ore, lithium, and oil stocks.
Rio Tinto Says $2.55 Billion Serbian Lithium Project Is Safe
Rio Tinto said studies show that its $2.55-billion lithium project in Serbia, which was scrapped in 2022 after local protests, is environmentally safe.
AU Evening Wrap: Australia Shares Rise 0.4% as Unemployment Rate Falls
Australia shares rise 0.4% as unemployment rate falls. Nine out of eleven sectors finished higher, with tech and healthcare leading the way.
AU Evening Wrap: Australia Shares Fall 0.5% as Mining Sector Weakness Persists
Australia shares fall 0.5% as mining sector weakness persists. The energy sector was the only gainer among the eleven sectors, adding 1.0%, backed by strength in oil explorers and producers.
Rio Tinto Smelter Stake Purchase Shows Commitment to Aluminum Business
0149 GMT - Rio Tinto's acquisition of Mitsubishi's nearly 12% interest in an Australian aluminum smelter illustrates the company's continued commitment to its aluminum business, especially Pacific Alu
Metals & Mining Monitor | Commodity Markets Remain on a Downward Trend; Freeport Indonesia Raises Copper Output Target
Commodity markets remain on a downward trend; Freeport Indonesia raises copper output target, awaits export permit extension.
AU Evening Wrap: Australian Shares End Three-Day Rally Ahead of US Inflation Data and Fed Policy Meeting
Australian shares end three-day rally ahead of US inflation data and Fed policy meeting. Ten out of eleven sectors show negative performance.
AU Morning Wrap: ASX Drops; Gold Miners Take a Hit
ASX drops; Gold miners take a hit. Stocks to watch: Beach Energy, Bapcor, AGL Energy.
Rio Tinto Adds to Majority Stake in Aluminum Smelter JV
By Ben Glickman Rio Tinto will acquire an additional nearly 12% interest in the joint venture overseeing an Australian aluminum smelter, bolstering the company's majority stake in the project. The c
Rio Tinto Unit Signs Renewable Energy Deal in South Africa
Rio Tinto Group (ASX:RIO) unit Richards Bay Minerals signed a 20-year power purchase agreement with Khangela Emoyeni Wind Farm to secure 140 megawatts of wind energy, the mining group said in a June 6
AU Evening Wrap: Australia Shares Rise 0.5%, Complete Best Week Since December
Australia shares rise 0.5%, complete best week since December. Ten of the ASX 200's eleven sectors finished higher.
Cyprium Metals Appoints CCO, COO
Cyprium Metals (ASX:CYM) named Louis Chait as chief commercial officer and Colin Mackey as chief operating officer as the company prepares for near-term copper cathode production and commercial opport
Australia Iron-Ore Miners Tipped to Boost Shipments This Month, Like Usual
0001 GMT - Iron-ore demand may be softening, but Macquarie expects supplies from big Australian producers to be especially strong this month as the likes of BHP and Fortescue seek to meet their FY goa
AU Evening Wrap: Australia Shares Rise 0.4% as Rate-Rise Fears Ease
Australia shares rise 0.4% as rate-rise fears ease. Bank and consumer stocks help to offset further weakness in commodity prices.
AU Evening Wrap: Australia Shares Fall 0.3% Amid Commodity Weakness
Australia shares fell 0.3% amid commodity weakness. The heavyweight materials sector lost 0.9%.
BHP Faces a Test of Patience After $49 Billion Anglo Bid Falters
Days after BHP Group failed to secure the $49 billion takeover of smaller rival Anglo American Plc, investors have one message for Chief Executive Mike Henry — keep your cool.
Own Rio Tinto Shares? Why This 'World-first Technology' Is Making News
Rio Tinto Ltd (ASX: RIO) shares are falling on Tuesday after iron ore weakness offset some interesting news.
AU Morning Wrap: ASX Flat; Life360 Climbs Over 3%
ASX flat; Life360 climbs over 3%. Stocks to watch: AFT Pharmaceuticals, Life360, Cooper Energy.
Rio Tinto to Develop BioIron R&D Facility in Western Australia to Test Low-carbon Steelmaking
Rio Tinto will invest US$143 million (A$215 million) to develop a research and development facility in Western Australia to further assess the effectiveness of its low-carbon ironmaking process, BioIronTM, to support decarbonising the global steel value chain.
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