Australia

Australia's Labor government has announced a $1.25 billion (AU$2 billion) initiative to aid the nation's aluminum smelters. This move underscores the government’s commitment to a renewable energy transition by 2036, as well as an economic transformation ahead of the general elections...

Electric vehicle company BYD Co (OTC:BYDDF) (OTC:BYDDY) is launching the first electric vehicle to come with a starting price under $30,000 in Australia, a move that could boost the country's electric vehicle market. What Happened: Along with investing in blue-chip U.S. companies, Berkshire...

Meta Platforms Inc. (NASDAQ:META) has agreed to a settlement of AU$50 million ($31.85 million) with Australia’s Information Commissioner over privacy violations linked to the Cambridge Analytica scandal on Monday. The enforceable undertaking resolves civil proceedings, allowing eligible...

Australia's main opposition has proposed a $211 billion taxpayer-funded nuclear power plan. If successful, the turn to nuclear power would be a historic event for one of the largest global commodity producers. "Nuclear power will underpin the economic success of our country for the next century....

Leading Australian gold miner Northern Star Resources (OTC:NSTYY) has announced a $3.3 billion acquisition of De Grey Mining (OTC:DGMLF), taking over De Grey's prized Hemi gold project. "This acquisition reinforces Northern Star's position as the leading ASX-listed gold company and a top-ten global...

Australia has passed a law banning social media access for children under 16, enforcing strict penalties on Meta Platforms, Inc. (NASDAQ:META), ByteDance-owned TikTok, and Snap Inc. (NYSE:SNAP). What Happened: The Social Media Minimum Age Bill, approved on Thursday, prohibits minors under 16 from...

Australia’s Prime Minister Anthony Albanese announced a plan to ban social media use for children under 16, requiring platforms like Meta Platforms Inc,‘s (NASDAQ:META) Facebook and Instagram, TikTok, X (formerly Twitter), and Snap Inc.‘s (NYSE:SNAP) Snapchat to verify users...

BHP (NYSE:BHP) has announced plans to invest up to $14 billion to enhance its copper production in Chile, as revealed during a three-day site tour of its operations. This substantial capital expenditure aims to secure the long-term future of its assets in the region and support the growing global...

Iron ore prices could remain subdued in the near future. Citi analysts see them hovering around $85 per ton by 2026, owing to incremental new supplies, rising inventories, and weak Chinese demand. “Not only has China's recent stimulus package fallen short of investor expectations, but the...

By RoboForex Analytical Department The AUD/USD pair is navigating the week starting with a steady tone, trading around 0.6590. After a significant drop last Friday, triggered by disappointment over China's economic stimulus measures, the pair finds a momentary respite as it consolidates recent...

Mineral Resources (OTC:MALRF) faces uncertain times as founder and managing director Chris Ellison steps down amid serious governance issues. The issue has triggered a formal investigation by the Australian Securities and Investments Commission (ASIC) and scrutiny from the Australian Taxation...

A second Donald Trump mandate could lead to marked shifts in global commodity prices, spurred by his pro-fossil fuel policies, potential tariffs, and aggressive trade stances. Oxford Economics noted that Trump has campaigned to "unleash a new ear for fossil fuels," as deregulation of the U.S....

Anglo American (OTC:AAUKF) has agreed to sell its 33.3% stake in the Jellinbah Group to Zashvin for $1.1 billion. Per the plan laid out earlier this year, the company is focusing on copper, iron ore, and crop nutrients. The joint venture holds a 70% interest in two major metallurgical coal mines in...

Despite a strong push for renewable energy, coal remains a key variable in meeting electricity demand. The disparity between the rapid pace of electrification and slower demand for renewable infrastructure has stalled its phaseout efforts. Last month, the International Energy Agency (IEA) revised...

BHP (NYSE:BHP) has backtracked on remarks by its Chairman, Ken Mackenzie, about "moving on "from its failed $49 billion bid for Anglo American (OTCQX:AAUKF). During BHP's annual shareholder meeting in Brisbane, MacKenzie had suggested that the Anglo American acquisition was a "nice to have, not a...