Lithium is an essential mineral in the energy storage sector with growing demand due to its use in lithium-ion batteries for electric vehicles, electronics, and renewable energy systems. Government incentives for EVs and renewable energy are also boosting the lithium market and lithium stock performance.
• A major AI investment news item pushes US stocks higher.
• Australian stocks extend gains, but iron ore exporters sell off sharply on Trump's tariffs on China.
• Stocks to watch: WDS, ILU.
Wall Street Summary
U.S. market surged on the first day of the new administration, driven by news of a significant AI investment announcement. $Netflix (NFLX.US)$ also exceeded expecta...
• Base metals: Aluminum prices rose to $2659 per tonne
• Energy metals: Li carbonate prices rose 3.0% in the past two weeks
• Precious metals: Gold prices rose 2.6% to $2715 per oz
• Bulk commodities: Iron ore prices rose 5.4% in the past two weeks
Spot Pri...
No doubt the first and foremost answer to most people's minds is the United States 🇺🇲
He has promised to implement painful tariffs of 60% to Chinese goods, a much lesser but not inconsequential 20% tariff on goods from other nations, tax cuts for US owned/operated companies and corporations, and divert more resources to bolster and retain US technol...
The S&P 500 $S&P 500 Index (.SPX.US)$ rose 1%, and the Nasdaq $NASDAQ 100 Index (.NDX.US)$ climbed 1.5%. It’s clear that investors are continuing to buy heavily into stocks that seem to stand to benefit the most from Trump being back in...
Hopefully, earnings in Feb will boost this stock
That decline deepened following the macroeconomic data released by both the U.S. and Australia last week. Last Friday, U.S. non-farm payrolls for December came in at a robust 256,000, well above market expectations, while the unemployment r...
Top losers: $GQG Partners Inc (GQG.AU)$, $Lovisa Holdings Ltd (LOV.AU)$ and $Downer EDI Ltd (DOW.AU)$
The $S&P/ASX 200 (.XJO.AU)$ slipped 0.42% to 8,294.10 on Friday, ending its five-day winning streak. Despite the late stumble, the index still posted a 0.5% weekly gain.
Traders grew cautious as they awaited key US employment...
Top losers: $Lovisa Holdings Ltd (LOV.AU)$, $Cettire Ltd (CTT.AU)$ and $GQG Partners Inc (GQG.AU)$
Australian shares dipped slightly on Thursday, ending a five-day winning streak. The $S&P/ASX 200 (.XJO.AU)$ fell 0.24% to close at 8,329.20, as investors turned cautious ahead of upcoming...
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