Magnetite projects fit perfectly into Australia’s green future but they are hamstrung by insufficient power, water and regulatory fatigue, Sanjiv Manchanda said.
The US economy added 517,000 jobs in January, forcing Wall Street bulls to reconsider the case for interest rate cuts in 2023, and challenging the euphoria behind ‘disinflation’.
The S&P/ASX 200 Index rallied 0.8 per cent to 7388.2 points, the highest level since April 2022. Bigtincan surged 13.6 per cent to 58.5¢ and Ioneer 21 per cent to 55¢.
ASX 200 closes 0.5pc higher to 7152.5; former Spaceship chairman has ban
overturned; PEP offer for ReadyTech pulled; Kogan to rescue collapsed Brosa;
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The S&P/ASX 200 is poised to fall 0.4 per cent from Friday’s close of 7148.7 as
San Francisco Fed president Mary Daly warns US labour market remains “quite out
of balance”.
The S&P/ASX 200 Index dropped 0.5 per cent to 7291.3 points. Magellan Financial
Group fell 3.3 per cent to $9.20 and St Barbara dropped 8.8 per cent to 62.5¢.