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It was relatively quiet on the ASX on Monday with traders eyeing the Reserve Bank of Australia’s latest interest-rate decision, to be announced today (and a public holiday in most states dampening activity further).
The local share market fell for a second straight day on Tuesday, ahead of a flurry of central bank meetings, and following the release of a set of minutes from the Reserve Bank of Australia that were taken as implying that the local central bank is considered raising rates.
Pilbara Minerals Ltd (ASX: PLS) and IGO Ltd (ASX: IGO) have reported record profits, leading to mountains of cash sitting on balance sheets, and outsized dividends returned to shareholders.
Sociedad Quimica y Minera de Chile (NYSE: SQM) is the world’s second-largest producer of lithium chemicals. Its 2Q23 report stunned the market by missing analyst profit expectations by ~20%, sending its shares lower.
Core Lithium Ltd (ASX: CXO) shares have been in a tailspin since the release of its June quarterly production report. CXO shares fell -16% on the day of releasing its quarterly results, and a further -4% in the subsequent two trading days.
The Core Lithium Ltd (ASX:CXO) share price has fallen 24% this week and it’s down over 8% today after the ASX lithium share’s quarterly update.
The Core Lithium Ltd (ASX:CXO) share price is up after the company announced approval of early BP33 underground project works.
The Core Lithium Ltd (ASX:CXO) share price has shot higher after the lithium business revealed a promising resource upgrade.
S&P/ASX 200 (INDEXASX: XJO) fell 0.1 per cent on Tuesday with Beach Energy Ltd (ASX:BPT) going down. Buffett has bought into Taiwan’s TSMC.
