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Alchemy Resources Limited (ASX:ALY) has begun drilling at the Karonie Gold project in the Eastern Goldfields of Western Australia, targeting several high. ....
S&P/ASX 200 hits 15-month high as material, banking shares surge Companies S&P/ASX 200 hits 15-month high as material, banking shares surge Brent crude oil prices rose by 25 cents to US$69.12 a barrel on Thursday, helped by strong U.S. economic data that offset investors’ concerns about the potential for a rise in Iranian supplies. The U.S. job market edged closer to its pre-pandemic self as initial jobless claims totalled just 406,000 for the week ended May 22. S&P/ASX 200 (INDEXASX:XJO) rallied as much 1.25% to 7,183 points earlier today, its best level since February 20, 2020. The materials sector was leading the gains with financials, energy, industrials and consumer staples also lending support. ....
S&P/ASX 200 slips as iron ore price hits 10-year high Tesla reported a record net income of US$438 million for the first quarter. Revenue surged to US$10.39 billion, up 74% from a year ago. Iron ore price has set a record after surpassing its 2011 high of US$188 per tonne. S&P/ASX 200 (INDEXASX:XJO) slipped 0.36% to 7020 points by 1.10 pm even as iron ore prices hit a decade high of more than US$190 per tonne overnight. While the broader market was trading lower, iron ore miners Rio Tinto (ASX:RIO) (+0.19%), BHP Group (ASX:BHP) (+0.62%) and Fortescue Metals (ASX:FMG) (+1.06%) were all higher. ....