Australia

Leading gold miner Newmont (NYSE:NEM) has applied to extend the permit for its Cadia operation, Australia's largest underground mine, until 2050. Located near Orange in New South Wales (NSW), Cadia plays a significant role in Newmont's portfolio and the Australian mining sector. It produces nearly...

Editor’s note: This story has been updated to correct the figures in Goldman Sachs’ aluminum price forecast. Goldman Sachs has raised its aluminum price forecast, predicting significant price hikes due to an anticipated inventory shortage. The investment bank sees a tightening market,...

By RoboForex Analytical Department AUD/USD rebounded on Thursday after three consecutive days of declines. This was supported by robust employment data from Australia, which bolstered the hawkish outlook on the Reserve Bank of Australia's (RBA) monetary policy. Key Employment Data Highlights:...

The leading global miner Rio Tinto (NYSE:RIO) has missed analysts' estimates, scoring weaker-than-expected third-quarter production across the board. Despite this short-term weakness, the company's $6.7b acquisition of Arcadium Lithium is unlikely to meet criticism, given the long-term potential...

By RoboForex Analytical Department The AUD/USD pair climbed to 0.6922 on Monday, marking its highest point since February 2023. This surge was primarily triggered by China’s announcement of economic stimulus measures, which is significant given China’s status as Australia’s...

Fortescue Metals (OTC:FSUMF), a leading iron miner, has announced a $2.8 billion investment in fleet electrification. Despite falling iron ore prices and high energy prices that caused it to pause green hydrogen projects earlier this quarter, the company is firmly set on its green transition goals...

The recent uptick in mining mergers and acquisitions (M&A) is masking the slowdown in greenfield exploration projects. Companies are increasingly relying on acquisitions rather than the expensive and risky process of discovering new deposits. After making a new all-time high in May, copper has...

By RoboForex Analytical Department The AUD/USD pair has climbed to a new peak, reaching 0.6815, marking the highest level since 28 December of the previous year. This strength in the Australian dollar is partly due to the aggressive rate cuts by the US Federal Reserve, which has spurred...

Australia is set to introduce new legislation aimed at banning children from using popular social media platforms like Elon Musk’s X, Mark Zuckerberg‘s Meta Platforms Inc (NASDAQ:META)-owned Instagram and Facebook, and Bytedance‘s TikTok. The move is driven by growing concerns...

The highly anticipated robotaxi event for Tesla Inc (NASDAQ:TSLA) on Oct. 10 could unveil what the company's future vehicle will look like and key features such as a new report of reversible seats. What Happened: Originally scheduled for Aug. 8, the robotaxi day is among the most anticipated events...

Commodity trading powerhouse Trafigura has been identified as the client behind Mineral Resources' (OTC:MALRF) $400 million prepayment deal for iron ore. The Australian miner has previously reported the deal in July without disclosing the client's identity. "Due to confidentiality restrictions, we...

By RoboForex Analytical Department The AUD/USD pair shows signs of potential resurgence as it trades near 0.6802, consolidating within a sideways range at its local peaks towards the end of August. The Australian dollar has appreciated by almost 4% over the month, bolstered by high consumer price...

The South Australian government has initiated the application and assessment process for BHP's (NYSE:BHP) proposed expansion of its Olympic Dam copper smelter and refinery. If approved, this project would significantly boost BHP's copper production capabilities by introducing a second copper...

Leading miner BHP Group (NYSE:BHP) announced its full-year financial results for the fiscal year ending June 30. Despite a challenging macroeconomic environment, BHP delivered a solid performance. It grew profits by 2% year-over-year to an underlying attributable profit of $13.7 billion. “We...

Chevron Corp (NYSE:CVX) shares are trading higher today. The company, through Chevron Australia New Ventures, has been granted a greenhouse gas (GHG) assessment permit offshore Western Australia. The permit involves a joint venture with Chevron as the operator, holding a 70% interest, and...