Australia

Analysts See Iron Ore Below $100, Weak Chinese Demand

AUD/USD Stabilises As Traders Await Economic Signals

Mineral Resources Confirms Founder's Departure Amid Tax Evasion Allegations, Moody's Cuts Outlook

AUD/USD Stabilises As Traders Await Economic Signals

Mineral Resources Confirms Founder's Departure Amid Tax Evasion Allegations, Moody's Cuts Outlook

Donald Trump's Victory Could Disrupt Commodities, Put Australia In Precarious Position

Anglo American Offloads $1.1 Billion Coal Stake, Proceeds With Restructuring

Donald Trump's Victory Could Disrupt Commodities, Put Australia In Precarious Position

Anglo American Offloads $1.1 Billion Coal Stake, Proceeds With Restructuring

Australian Breakthrough Extends Use For Coal-Powered Plants, Helps Shift To Renewables

BHP Backtracks Its Comments On Abandoning Anglo American Deal

Australia Recent News

Newmont Seeks To Extend Largest Australian Mine Until 2050

Newmont applies for extension of Cadia mine permit until 2050, generating jobs & economic growth. Committed to sustainable production & divesting from non-strategic ops.

Goldman Sachs Warns About Aluminum Shortages, Australia Echoes 'We Don't Want It To Become New Nickel' (CORRECTED)

Goldman Sachs isn't alone in seeing the warning signs on the aluminum market. Australia, a top bauxite producer, warned about the problem.

AUD/USD Rises Following Strong Australian Employment Data

By RoboForex Analytical Department

Rio Tinto Disappoints On Q3 Production, Sets Positive Tone About Organic Growth

The leading global miner Rio Tinto missed Q3 production estimates but remains focused on expansion into critical and battery metals.

Australian Dollar Reaches 19-Month High Boosted By Chinese Economic Stimulus And Weaker US Dollar

By RoboForex Analytical Department

Fortescue Announces $2.8B Electrification Deal, Chairman Claims 'Future Is Zero Emissions'

Fortescue Metals invests $2.8 billion in fleet electrification, firmly committed to green transition goals. This move sets them apart from competitors.

Copper M&A Frenzy Masks Greenfield Exploration Weakness: Is AI To Blame?

Mining companies turning to acquisitions instead of exploration due to cost and risk. Copper prices down but shortages predicted, prompting industry consolidation.

AUD/USD Reaches New Heights As Risk Sentiment Improves

By RoboForex Analytical Department

Cannabis Giant Tilray Expands Medical Marijuana Portfolio With Redecan Launch In Australia

Tilray Medical announced on Wednesday the launch of Redecan EU-GMP certified medical cannabis products in Australia.

After Feud With Elon Musk And Mark Zuckerberg, Australian PM Anthony Albanese Set To Ban Social Media For Children, Citing Health Concerns

Australia is set to introduce legislation aimed at banning children from using social media platforms, citing potential health risks.

Elon Musk To Unveil Reversible Seats In Tesla Robotaxis? 'No Longer A Driver Seat In The Vehicle'

Future Tesla vehicles could have reversible front seats, taking advantage of the autonomous vehicle capabilities and less requirements for consumers.

Trafigura Signs $400M Prepayment Deal With Mineral Resources

Trafigura client behind Mineral Resources' $400M prepayment deal for iron ore, ensuring stable supply chain for Trafigura. Iron ore market faces challenges.

AUD/USD Poised For Potential Rise Amid RBA's Cautious Stance

By RoboForex Analytical Department

South Australia Begins Review Of BHP's Major Copper Expansion

South Australian govt initiated app & assessment process for BHP's expansion of Olympic Dam copper smelter, boosting output & aligning with global energy transition. BHP's copper production expected to double by mid-2030s.

BHP Reports $13.7B Profits, Eyes Additional Copper Expansion

BHP dividend payouts for this period were slightly reduced to 74 cents per share, down from 80 cents the previous year.

What's Going On With Chevron Shares Thursday?

Chevron Corp shares rise after receiving GHG assessment permit in Australia. Plans to transfer 5% stake to GSC of Korea and invest $1B in India

Whitehaven Sells $1.08B Stake In Major Australian Coal Mine To Japanese Steelmakers

Whitehaven Coal sells 30% stake in Blackwater mine for $1.08 billion to Nippon Steel and JFE Steel, securing long-term coal supply for steel production.

Uranium Explorers Call For Lifting Mining Ban In Western Australia, Target $1B In Exports

Uranium explorers want Western Australia to end ban on mining to take advantage of high demand and prices, but environmental and cultural concerns persist.

Uranium Prices Surge To 16-Year Highs Due To Supply Uncertainties, Rising Demand For AI Data Centers

Uranium prices soar to 16-year highs as demand increases for powering AI data centers. Supply disruptions and environmental restraints contribute.

Coal Prices Set To Rise When Restocking Begins After US, Australia Mine Outages

Coal market tight due to supply outages in Australia and US. Prices may spike in fall when Asia restocks. Demand side may cap rally due to economy.

South32 Dives On $818M Impairment As Alumina And Nickel Assets Disappoint

Environmental concerns have led South32 to describe the new operating scenario as presenting "significant operating challenges.

Fortescue Delays Green Hydrogen Ambitions, Reaffirms Commitment To Future Projects

Fortescue, an Australian mining giant, has paused plans to become a green hydrogen leader due to high energy prices and executive departures.

Rio Tinto Reports Strong First Half With Major Gains In Iron Ore, Bauxite, Copper, Lithium Production

Rio Tinto (NYSE: RIO) reviews first half of 2021, shows growth in key projects including Simandou in Guinea, Oyu Tolgoi in Mongolia, and Jadar in Serbia.