Australia

Pilbara Minerals (OTC:PILBF), Australia’s leading lithium producer, plans to expand the production capacity at its flagship Pilgangoora operation in Western Australia. The company will allocate A$1.2 billion (US $800 million) to this expansion, which is set to boost lithium spodumene output...

Fortescue Metals Group (OTCQX:FSUMF), one of the largest global iron miners, is navigating a prolonged turbulence. Its stock declined over 25% year-to-date as the thinning management team grapples with weakening ore prices as it steers the company toward the green energy space. The year 2023 was...

In a further boost to the cryptocurrency sector, a Bitcoin (CRYPTO: BTC) spot exchange-traded fund has been listed on Australia’s primary stock market for the first time. What Happened: The VanEck Bitcoin ETF, with a seed investment of nearly $657,000, made its debut on the Australian...

Manganese, a crucial component in steelmaking and battery production, has emerged as an outperforming metal in 2024, driven by soaring demand and significant supply disruptions. While year-to-date gold is up 18.7%, silver 21.6%, and tin surged a remarkable 28%, manganese rallied almost 33%, making...

Elon Musk’s X, formerly known as Twitter, has emerged victorious in a legal battle with the Australian government. Australia has decided to drop the case against the social media platform, which was initiated to remove footage of a church stabbing in Sydney. What Happened: On Wednesday, the...

Australian Treasurer Jim Chalmers ordered several China-linked investors to divest from rare earths miner Northern Minerals Ltd (OTCPK: NOURF). As green technologies gain importance, countries are becoming increasingly inclined to safeguard production. “The decision, based on advice from the...

Bitcoin (CRYPTO: BTC) prices are on a tear, approaching record highs after BlackRock‘s (NYSE:BLK) Bitcoin spot ETF achieved record-breaking inflows. The price of Bitcoin touched $70,999 earlier today, currently sitting at $70,576, up 2.1% over the past 24 hours. Other major cryptocurrencies...

Mining leader Rio Tinto (NYSE:RIO) has announced a $143 million (A$215 million) investment to establish a new research and development facility in Western Australia dedicated to low-emission steelmaking. The facility will focus on advancing the BioIron™ process, an innovative ironmaking...

Bitcoin (CRYPTO: BTC) ended last week on a high, with a total net inflow of $48.738 million on May 31, bringing the total net inflow for the week to $170.9 million. What Happened: saw an outflow of $124 million, while and Fidelity’s ETF (BATS:FBTC) had inflows of $169 million and $5.9047...

By RoboForex Analytical Department The AUD/USD pair rose to 0.6650 on Wednesday following the release of Australian economic data. Australia’s consumer price index (CPI) accelerated to 3.6% year-on-year in April, up from 3.5% in March. This slight increase in inflation could prompt questions...

According to Australia's Treasurer Jim Chalmers, the country's new budget will substantially boost the critical minerals industry. Australia extensively mines minerals such as lithium, cobalt, rare earth elements, and nickel, and the fiscal stimulus aims to harness this potential for economic...

Elon Musk welcomed the decision of an Australian federal court that rejected a temporary injunction order by the eSafety commissioner on videos of the Sydney church stabbing that took place in April. What Happened: On Monday, Justice Geoffrey Kennett rejected an appeal to extend the injunction...

Elon Musk hit back at the Australian Prime Minister Anthony Albanese after he talked about the need for a "social license" as his government intensified scrutiny of social media platforms. What Happened: Musk, the single largest shareholder of X, formerly Twitter, slammed the Australian government...

In a move to address the unchecked influence of social media platforms, the Australian government has announced a parliamentary inquiry into the operations of major players like Meta Platforms Inc.‘s (NASDAQ:META) Facebook, ByteDance‘s TikTok, and X, owned by Elon Musk. What Happened:...