The Chinese property crisis has led to stock piles of iron ore and finished steel products, which has sent the price of Austalia’s biggest export falling. Senior Equities adviser at Bell Potter Securities, Giuliano Sala Tenna says he’s expecting to see a correction in the industry as the price comes down closer $US80 per tonne. … Read more
Wesfarmers chief executive officer Rob Scott says it’s been a challenging year in the retail space and he hopes the stage 3 levy cuts will provide a bit of relief to households under pressure from higher home loan repayments and soaring rents. He spoke to The enterprise after the firm, which owns Kmart, Target and … Read more
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Australia has some of the world’s largest supply of critical minerals, which are vital in the race to decarbonising the nation. Subscribe: http://ab.co/1svxLVE However, there are rising concerns the field may fall behind. It’s a conversation that looks to be top of the agenda in next week’s spending plan, with hundreds of millions of dollars … Read more
Nickel is a critical metal in batteries, and the world’s miners are racing to keep up with the booming demand for electric vehicles and renewables. Subscribe: http://ab.co/1svxLVE Read more here: https://ab.co/3dyt69g ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It’s … Read more