Atlantic Lithium touts progress at Ghana’s project

BHP and Rio Tinto are expected to report earnings flat to slightly lower.

Australian lithium stocks rallied on speculation that CATL had closed its Jianxiawo mine.

The government has announced a nickel financial assistance program that would give a 50% royalty rebate for 18 months.

Hastings, which is backed by Andrew Forrest, will supply a minimum of 10,000 tons per annum of concentrate for an initial seven years.

The move opens the way for the crisis-hit industry to access billions of dollars in cheap government loans.

The industry saw a significant rise in M&A activity across metals and mining companies in 2023 driven by the global energy transition, a theme Fitch Solutions expects to continue.

Nickel prices fell 40% in the last year as Indonesian supply jumped.

The project was the first to be added to the US FAST-41 permitting process, and the company said it has the potential to be one of the world’s largest zinc producers.

Australia's biggest independent coal miner has posted an after-tax net profit of A$257.6 million for the half year.