Australia’s oldest listed investment firm says lithium stocks turning attractive

Australian Foundation Investment Company is starting to look at the sector and last year bought a small position in diversified miner Mineral Resources.

Reuters | January 24, 2024 | 8:26 am

Column: Funds sell copper as weak demand trumps supply pressures

Funds are adopting an increasingly bearish stance in the copper market, preferring to focus on a globally weak demand picture rather than signs of supply-chain stress.

Reuters | January 24, 2024 | 8:22 am

New Caledonia’s Prony Resources faces cash crunch on nickel slump

Companies in other high-cost nickel-producing regions have announced restructurings and writedowns as prices have dropped.

Reuters | January 24, 2024 | 8:15 am

Freeport-McMoRan’s profit beats estimates on strong copper production

On an adjusted basis, the company earned 27 cents per share for the three months ended Dec. 31.

Reuters | January 24, 2024 | 8:11 am

More than 40 killed in artisanal mine collapse in southwest Mali

The incident in Mali occurred on Friday on a site in the Kangaba Cercle in the south-western Koulikoro Region.

Reuters | January 24, 2024 | 7:55 am

India fights coal war despite energy transition pledges – study

The expansion of fossil fuel and low-carbon energy infrastructures is predicated upon direct state-sanctioned violence to facilitate land acquisition in India, new research found.

Staff Writer | January 24, 2024 | 6:06 am