At time of writing, BHP Billiton Limited [ASX:BHP] is trading at $32.86, which marks a 1.42% increase from yesterday’s figures.
Up 5% at time of writing, Fortescue Metals Group Ltd [ASX:FMG] has reacted well to improved iron ore prices. Fortescue had earlier been under the pump as iron ore prices slumped.
Shares of Australian lithium producer Pilbara Minerals Limited [ASX:PLS] have risen by 3.53% in today’s trading. This jump follows several reports released today revealing that the company is on track with their first spodumene concrete shipment and strong production results.
At time of writing, South32 Limited [ASX:S32] are trading at $3.72. This marks a 2.19% increase from yesterday’s trading price, allowing the company to maintain their recent upward climb. South32 shares have increased in price every day for the past week.
Santos shares rose 2.6% yesterday, following a sharp spike in oil prices. The comanpy has had a promising year in general. Earlier this year, they issued a new and attractive dividend policy designed to pay out in these intermittent oil price booms.
Victoria’s future energy supply is in a precarious position. Bass Strait gas reserves, which have long powered the state, are in decline. Additional gas needs must now travel down the pipeline infrastructure from up north. For a state with Australia’s fastest population growth, it’s not a great situation to be in.
Iron ore prices continued their jumbled performance in Monday’s market, despite recurring strength in Chinese steel prices.Metal Bulletin recorded the spot price at $67.81 a tonne, while benchmark 62% fines slipped 1%, breaking a four day 3.7% rally during this time...
Some people believe crude will march to higher prices. Others say it’s overpriced… It’s tough to know who’s right. But, objectively speaking, the sector remains broadly ‘hated’ by the market.
Sandfire Resources NL [ASX:SFR] shares have incurred a staggering drop of over 6% within the first few hours of today’s trading. This comes as a shock after the mid-tier mining company’s notable 8.5% climb yesterday, following the release of impressive FY18 financial results.
At time of writing, Sandfire Resources NL [ASX:SFR] are trading at a respectable $7.70, an 8.1% climb since market closing yesterday. Earlier this morning, the FY18 Annual Results were released on the ASX, marking a record net profit of $123 million for the company.