Lynas was incorporated in 1983, and specialise in engaging exploration development as well as processing rare earth minerals across Australia and Malaysia.
Resources have been the big outperformers since the global bull market got underway in early 2016. Since those lows, BHP’s share price has soared nearly 130% (to the January 2018 peak), while RIO’s isn’t far behind, up just over 126%.
Australia, as an investment destination, suffers from an increase in risk perceptions. Foreign capital is less willing to invest here, or buy debt issued by the banks to fund the mortgages of Aussie battlers. As a result, the Aussie dollar falls. However, the ‘magic’ of a falling dollar is that it increases the purchasing power of foreign currency.
Pilbara Minerals Ltd [ASX:PLS] rose 9.43% today, and is currently trading at 87 cents after closing at 79.5 cents yesterday. What caused the share price rise?
Argosy Minerals Ltd [ASX:AGY] joined the market resurgence yesterday, rising 20% to $0.325, following a low of $0.27 the previous day.
Mining organisation Riva Resources has seen a massive decline of -99.61% in their shares during the month of December. What caused the share price drop?
Shares of Zimplats Holdings have shot up by 22.55% this week as Implats (owners of Zimplats) increased production by 9.6% since early November. Their productivity levels are expected to rise further in the New Year.
Shares in lithium mining company, Pilbara Minerals Ltd [ASX:PLS] rose a further 4% to $1.20 today, after a gain of 11% yesterday. Pilbara Minerals’ stock is up a huge 130% for the year, following strong growth from September.
BHP Billiton is planning to cut costs big-time over the next two years. The mining giant aims to save $2.2 billion, which would mean a 10% cut to unit costs across the board.
Great Boulder Resources Ltd [ASX:GBR] hit the jackpot today. Shareholders will be mighty pleased.