South32 (ASX: S32) climbed 3.6% on Friday after Macquarie upgraded the stock to Outperform with an A$3.70 price target. The broker pointed to improved returns and a favourable commodity backdrop as reasons for the bullish shift. For investors watching the ASX resources space, this upgrade comes at an interesting time. Silver has surged 119% year-to-date, copper…
Mining Stocks
Alcoa’s (ASX: AAI) share price has almost doubled from its 52-week low of A$36.20 and is now trading around A$58. The stock hit a high of A$73.21 earlier this year before pulling back, but the business keeps getting stronger. Record smelter production, aluminium prices at their highest level in three years, and a major gallium…
BMC Minerals (ASX: BMC) made a strong entrance on the ASX on Friday, surging 25% from the A$2.00 IPO price to close at A$2.50. The oversubscribed A$100 million raising gives the company a market cap of roughly A$550 million, making it the largest non-gold mining IPO on the ASX since 29Metals in 2021. For investors,…
Metallium’s LOI With ElementUS Turns U.S. Opportunity Into Execution Path
Metallium (ASX:MTM) has been trading with real strength, and at first we thought this might be tied to an update on the Glencore partnership, which was expected toward the end of the year. Instead, the company announced something different but still strategically important. MTM has…
There are plenty of ASX mining services stocks doing well right now due to the booming gold and iron ore sectors in recent years. Even base and battery metals miners have kept spending in hope their commodities will see the tide turn (eventually). The poster child is Mineral Resources (ASX:MIN), which has not been the…
Perseus Mining's Failed Bid: What's Next for ASX: PRU?
Perseus Mining (ASX: PRU) has withdrawn its A$2.1 billion takeover bid for Predictive Discovery. The move came after Robex Resources matched Perseus's offer before the December 10 deadline. Perseus had offered a 24.5 per cent premium, and Predictive's board called it a superior deal. However, Robex…
Brazilian Rare Earths Red-Hot Run
Brazilian Rare Earths (ASX: BRE) surged 8% this morning after releasing a positive scoping study for its fully owned Amargosa Bauxite Gallium Project in Bahia, Brazil. The study outlined the potential for Amargosa to become a large scale, low cost direct shipping bauxite operation with strong economics and a 17…
Dateline Resources (ASX: DTR) dropped 20% to A$0.195 this week, and investors are asking a simple question: is this a chance to buy the dip or a warning sign to get out? The selloff came after US1 Critical Minerals (ASX: USC) filed legal proceedings against CEO Stephen Baghdadi over US rare earth tenements. Dateline has…
For several years IGO shares reaped the benefits of growing demand for battery metals and the fact it was well managed to capitalise on it. The company has three nickel projects and exposure to two lithium projects. Not many ASX companies offer such diversified exposure. Unfortunately, the Battery Metals Bust of 2023-4 caused IGO shares…
On Monday December 22, the ASX quarterly rebalance will be effective. Stocks will be promoted into new indices, while others will be demoted. It is important to note from the outset the June and December rebalances only involve the ASX 50, ASX 100 and ASX 200 indices whilst the March and September rebalances also involve…
