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Latest technology news FTSE 100 finishes in the red and below 6,000 after Federal Reserve update – Proactive Investors UK

Latest technology news FTSE 100 finishes in the red and below 6,000 after Federal Reserve update – Proactive Investors UKLatest technology news

Britain’s blue-chip benchmark completed the day down over 45 factors, or 0.75%, to five,999

  • FTSE 100 closes down 45
  • US first time jobless claims stubbornly remained above a million final week
  • Fed indicators easing of financial coverage

5.05pm: FTSE 100 closes below 6,000

FTSE 100 closed decrease and below the 6,000 stage on Thursday as US shares continued to surge.

Britain’s blue-chip benchmark completed the day down over 45 factors, or 0.75%, to five,999.

European indices appeared little in the US Fed’s newest stance on financial coverage, seen as probably easing as time goes on.

But on Wall Street the temper was totally different as merchants digested Powell’s feedback and a flurry of financial information, whereas in shares Walmart ( NYSE:WMT) and Microsoft (NASDAQ:MSFT), up over 4% and 3% respectively, have been each on a tear as experiences emerged that the pair have been partnering up in a bid to amass social media group TikTok.

Microsoft has been in discussions for weeks to purchase TikTok’s enterprise in the US, Canada, Australia and New Zealand.

“US indices continues to be in a league of their own as the S&P 500 traded above 3,500 for the first time, and the NASDAQ 100 has set another record high by trading above 12,000,” mentioned David Madden, analyst at CMC Markets.

“There were no major surprises from today’s economic releases. The jobless claims reading fell from 1.1 million to 1 million, meeting forecasts. The continuing claims update dropped to 14.4 million, from 14.8 million,” he mentioned.

Gross home product (GDP) for the second quarter was revised to destructive 31.7% from destructive 32.9%, whereas economists had been anticipating destructive 32.5.

US and Canada 4.15pm/11.15am EST

Wall Street benchmarks have been in the inexperienced in early offers in New York on Thursday. The Dow Jones Industrial Average surged over 227 factors at 28,559. The broader-based mostly S&P 500 added round 16 factors at 3,493.

3.45pm: London a really boring sideshow to the US cabaret

Jerome Powell has now mentioned his piece at the symposium of central bankers (just about) hosted in Jackson Hole, and the reactions are starting to return in.

“Fed chair Jay Powell announced a new monetary policy framework based on average inflation targeting (AIT), as had been anticipated. I read this as admission by the Fed that the monetary and fiscal response to the pandemic will ultimately prove inflationary (M1 increase, deglobalisation etc), but that the Fed does not want to pull the handbrake on a long and slow recovery by being constrained with a mandate to keep inflation level. It’s also increasingly politically tuned into recent events in prioritising jobs over price stability,” mentioned Neil Wilson at markets.com.

“Powell stressed that if ‘excessive inflationary pressures’ were to build, or inflation expectations were to rise above levels consistent with its mandate, the Fed ‘would not hesitate to act’. This gives it a degree of latitude down the line should there be a major inflation overshoot,” Wilson added.

Powell spoke a short time after the newest figures confirmed the US financial system contracted barely lower than beforehand thought in the second quarter.

Gross home product was down by a watch-popping annualised price of 31.7% however that was an enchancment on the flash estimate of 32.9%.

“At 31.7% down on the earlier quarter, the collapse in US output throughout Q2 was extra brutal even than that seen throughout the depths of the Great Depression a century in the past.

“Against this backdrop, the frothiness of US equities is frankly baffling. With the S&P 500 hitting another record high on Wednesday, the question is increasingly when, not if, the bubble bursts,” steered Richard Berry, the founding father of goodmoneyguide.com.

“Then once more the upward revision to GDP will take a few of the sting out the ‘Buffett indicator’ – a helpful market barometer which compares GDP to complete inventory market worth and is at the moment suggesting that equities are overvalued.

“Yet with global cases of coronavirus still rising fast and earlier signs of economic recovery petering out, investors are struggling to square a market that is looking ever more detached from macroeconomic reality,” he steered.

On the obs entrance, preliminary jobless final week remained above the a million mark however fell to 1.01mln from 1.10mln the week earlier than – just about in line with the consensus forecast.

Continuing claims declined to 14.54mln from the earlier week’s 14.76mln; economists had forecast a determine of 14.4mln.

“The weekly initial claims numbers are noisy but the underlying trend probably is still falling, albeit slowly,” speculated Ian Shepherdson, the chief economist at Pantheon.

“We had hoped that claims would be well under one million by now, but the second COVID wave scuppered that idea. Note that claims for Pandemic Unemployment Assistance rose by a hefty 83K this week, but the data are unadjusted and volatile. Still, to see total new claims, regular and PUA, running at 1,603K is depressing,” he added.

With all of the above occurring throughout the pond, the FTSE 100 remained a not very attention-grabbing sideshow. The index initially moved into optimistic territory after Powell’s speech however is again in the doldrums, down a few factors (0.0%) at 6,043.

3.30pm/ 10.30am EST: Proactive North America headlines:

AEX Gold Inc (LON:AEXG) (CVE:AEX) hails vital improve in exploration exercise in first half

China Xiangtai Food’s (NASDAQ:PLIN) first sizzling pot restaurant to carry grand opening on Friday

Aftermath Silver Ltd (CVE:AAG) (OTCQB:AAGFF) set for C$12.5M putting, with gold bull Eric Sprott investing over C$5.3M

O3 Mining Inc (CVE:OIII) inspired by stripping outcomes at Alpha property in Quebec forward of drill program earmarked to start in the fall

Canafarma Hemp Products Corp (CSE:CNFA) says document producer who has labored with Snoop Dogg and Jason Deroulo will spearhead the agency’s media efforts

NexTech AR Solutions Corp (OTCQB:NEXCF) (CSE:NTAR) says Carnegie Mellon University picks its InfernoAR platform for digital collection in September

Orogen Resources Inc (CVE:OGN) choices Sarape gold property to Hochschild Mining subsidiary in Mexico

AgraFlora  Organics International Inc (CSE:AGRA) (OTCMKTS:AGFAF) begins R&D trials at Winnipeg edibles manufacturing facility

Todos Medical Ltd (OTCQB: TOMDF) to produce New York lab with COVID-19 PCR testing tools and provides

Hannan Metals Ltd (CVE:HAN) (OTCPINK:HANNF) wraps up distant geological examine, defines two new goal areas at Tabalosos copper-silver property

2.45pm: Wall Street begins increased as Fed adopts new inflation coverage

Wall Street shrugged off predictions of a combined open to begin increased throughout the board on Thursday after the Federal Reserve introduced a brand new technique that was extensively interpreted as pointing in direction of a neater financial coverage stance.

Shortly after the opening bell, the Dow Jones Industrial Average was up 0.38% at 28,438 whereas the S&P 500 climbed 0.23% to three,481 and the Nasdaq rose 0.2% to 11,685.

The central financial institution mentioned it has adopted a mean inflation goal of two%, including that additionally they sought to “mitigate shortfalls of employment”.

The announcement was timed concurrently with the begin of Fed chair Jerome Powell’s speech at the Jackson Hole convention which is now underway.

Back in London, the FTSE 100 was simply in the inexperienced, up 3 factors at 6,048 at round 2.45pm.

12.35pm: NASDAQ anticipated to maneuver increased in combined Wall Street open

Once once more, the tech-heavy NASDAQ is ready to supply a little bit of glitz in an in any other case boring market when buying and selling begins stateside this afternoon.

The NASDAQ Composite, which rose nigh-on 200 factors yesterday, is ready to open round 110 factors increased in the present day at 11,975, placing the Dow and the S&P firmly in the shade.

The Dow Jones industrial common is predicted to open 51 factors decrease at 28,281 whereas the S&P 500, which exerted itself yesterday in climbing 35 factors, is tipped to take a seat down for a little bit of a breather and open at round 3,475, down 4 factors.

“Stock markets are paring gains on Thursday as investors eagerly await the appearance of Fed Chairman Jerome Powell at this year’s virtual Jackson Hole event,” mentioned Craig Erlam, the senior market analyst at OANDA.

Eagerly, Craig?

If you say so.

“The central financial institution’s financial coverage framework has been the sizzling subject this week, with everybody speculating about what adjustments the Fed will take into account that may enable rates of interest to stay decrease for longer.

“Despite central banks offering unprecedented amounts of stimulus and stock markets hitting new highs on a regular basis, investors are craving another stimulus fix. With rates already at record lows, attention is turning to the timeframe, with investors effectively looking for guarantees that they won’t move for a considerable period of time,” Erlam continued

If buyers actually are the fiscal stimulus junkies Erlam believes them to be then maybe they’re, certainly, eagerly awaiting Powell’s pronouncements.

— why weren’t u clear earlier than the virus? ???????? (@bondskew2) August 27, 2020

“Whilst Jerome Powell is the star performer, warm-up acts in the form of US GDP data (2nd revision) and initial jobless claims will also be in focus,” famous Fiona Cincotta of City Index.

“US GDP is expected to see a very slight downward revision to 32.6% from 32.9%. Initial jobless claims could garner more interest. Last week they rose back above 1 million, potentially the first sign of trouble after the Federal additional $600 unemployment benefit expired. Should claims remain over 1 million pressure will ramp up on Congress to agree to an additional rescue package,” she added.

In London, merchants, having used make-up kits to color eyeballs on their closed eyelids, snoozed their means via the anticipate the US open.

The FTSE 100 was down 9 factors (0.2%) at 6,036.

Sterling was down 1 / 4 of a cent at US$1.3186, which might usually enhance blue-chips however in the present day it’s trying like even attaching electrodes to delicate elements of the market wouldn’t present a lot of a burst.

11.45am: Quiet morning (very quiet) for the Footsie

Paint continues to dry in London.

In different (much less thrilling) news, the FTSE 100 is down 14 factors (0.2%) at 6,031.

The main supply of pleasure till Federal Reserve chairman Jerome Powell does his stint at the Jackson Hole symposium might be hypothesis on corporations due for the chop in subsequent month’s FTSE 100 reshuffle.

Terrestrial broadcaster ITV PLC (LON:ITV) appears sure to be relegated to the Footsie equal of the graveyard shift whereas in keeping with AJ Bell’s funding director, Russ Mould, British Land PLC’s (LON:BLND) grip on FTSE 100 membership is “looking wobbly”.

“B&M European Value Retail looks best placed to vault into the FTSE 100, as its market cap is currently high enough to rank above the 90th position that merits automatic promotion. This would be B&M European Value Retail’s first time in the FTSE 100 and promotion would come just over six years after the company’s flotation at 270p a share,” Mould famous.

“Meanwhile, British Land is teetering on the brink. Its market cap of £3.3 billion leaves the real estate investment trust ranked right on the cut-off point of 110th. Any further slippage could open the door to a FTSE 250 firm and a number of companies are jockeying for position,” mentioned Mould.

The AJ Bell funding director is a eager follower of the nags and went on to checklist a few of the runners and riders for doable elevation.

“They embody former FTSE 100 members Direct Line, ConvaTec, Weir and Foreign & Colonial Investment Trust, who have been final relegated in September 2019, December 2017, September 2015 and September 2009 respectively.

“Potential debutants include student housing provider UNITE, Bill Ackman-led investment vehicle Pershing Square, precision instruments specialist Renishaw and Dechra Pharmaceuticals,” Mould mentioned.

If Direct Line does get promoted it will mark a return to the prime-flight for the agency that was as soon as thought to be a disruptive pressure in the insurance coverage however which has began to look a bit “me too” in the age of value comparability websites (which it spurns).

The promotion and relegation spots will likely be decided at the shut enterprise nest Tuesday, presumably with faux crowd noise piped in.

As it occurs, whereas the FTSE 100 is labouring in the red this morning the mid-cap FTSE 250 is modestly in credit score, up 10 factors (0.1%) at 17,763.

OneSavings Bank PLC (LON:OSB) leads the amble (nicely, one may hardly name it a cost), with a 17% rise to 303.8p on the again of a half-12 months report that was not almost as dangerous as some individuals feared.

Grafton Group PLC (LON:GFTU), the DIY retailer, was up 6.0% at 791p following its half-12 months report.

“It is a positive sign that Grafton has provided H2 [second half] forecasts that are beyond expectations and as a result, we now believe that it is more likely that 2019 levels of profitability will be earned in 2022 versus the previous assumption of 2023,” mentioned Irish dealer, Goodbody.

“The group has posted consistently strong like for like sales trends since May and coupled with the impressive cash generation again highlights why Grafton is a quality option for investors,” it added.

Grafton Group has reported an “exceptional performance” by its Woodie’s DIY chain following 51 days of suspended buying and selling as a result of Covid-19. https://t.co/IcDpwFUv0B

— RTÉ Business (@RTEbusiness) August 27, 2020

9.50am: Boardroom merry-go-spherical picks up velocity

You comprehend it’s a quiet morning when most of the large news from the Footsie corporations considerations administrators getting on their bikes.

Or perhaps these administrators know one thing about the financial system that we don’t?

Perhaps we’ll discover out this afternoon when US Federal Reserve chairman Jerome Powell provides his digital presentation at the Jackson Hole speaking store.

In the meantime, the FTSE 100 is down 27 factors (0.4%) at 6,019 with Rolls-Royce Holdings PLC (LON:RR.), 7.7% decrease at 233.6p, main the retreat.

The aerospace engines maker hit the skids once more after its half-12 months outcomes and news that chief monetary officer Stephen Daintith is quitting to take up the same gig at groceries supply technology agency Ocado Group PLC (LON:OCDO).

Ocado’s present chief bean-counter (see what I did there?), Duncan Tatton-Brown, is stepping down for household causes.

Online grocery store and technology group @Ocado has introduced that Duncan Tatton-Brown will step down as chief monetary officer after eight years in the function and get replaced by @RollsRoyce finance chief Stephen Daintith. #retail #ecommerce #online #ocadohttps://t.co/6TxVCrYvol

— ESM Magazine (@esm_magazine) August 27, 2020

Paddy Power and Betfair group Flutter Entertainment PLC (LON:FLTR) was, like Rolls-Royce, decrease after its interims however its 0.5% fall to 12,515p was about par for the market as a complete.

The bookie has additionally misplaced a director; non-government Rafael Ashkenazi, who joined when Flutter took over The Stars Group, has stop the board.

Final news from the Footsie merry-go-spherical/revolving pig’s trough got here from accountancy software program group Sage Group PLC (LON:SGE), the place the chairman, Sir Donald Brydon, is stepping down after 9 years in the chair.

Shares in Ocado have been 0.2% decrease at 2,530p whereas Sage was 0.3% weaker at 756.4p.

Proactive news headlines

BATM Advanced Communications Ltd (LON:BVC) has signed its first tier-1 buyer for its NFVTime digital networking answer. The buyer, an Asia-headquartered telecommunications supplier to multi-nationwide enterprises and communication service suppliers globally, has entered a 3-12 months licensing settlement after finishing up a proof-of-idea trial.

Keywords Studios PLC (LON:KWS) has acquired Maverick Media Limited, a video video games artistic advertising and marketing company, in a deal value as much as £3.6mln.


The online game improvement companies group mentioned London-based Maverick had “little client overlap” with its different advertising and marketing studios and so will additional prolong its shopper relationships in a rising space.

Gaming Realms PLC (LON:GMR) mentioned it has signed its first multi-state direct-integration settlement with its present associate, Rush Street Interactive (RSI), considered one of the quickest-rising gaming corporations in the US. The AIM-listed agency’s present partnership with RSI, which at the moment sees its Slingo Originals portfolio distributed in New Jersey via a distant sport server, is being prolonged to include the addition US state of Pennsylvania, RSI’s largest territory.

MetalNRG PLC (LON:MNRG) mentioned it’s near finishing a deal to amass a UK oil and fuel enterprise, though as a result of COVID-19 restrictions the formal completion of the transaction has been delayed. Technical, monetary and authorized due diligence has been accomplished and deemed passable and the firm is now finalising a share buy settlement to amass the privately-owned firm.

AEX Gold Inc’s (LON:AEXG) chief government has hailed a “significant increase in activity” throughout its portfolio in the first half of its present 12 months. CEO Eldur Olafsson added that following a C$72.7mln fundraise and AIM itemizing in July, the Greenland-focused gold group “is in a very strong position” and funded for deliberate work at its Nalunaq mission, the place it’s at the moment performing exploration and pre-improvement work.

Pembridge Resources PLC (LON:PERE) has introduced the departure of one other cargo of copper focus from the Minto mine in Canada’s Yukon area. It is the second cargo since the Minto mine re-opened and is predicted to reach at the port of Niihama, Japan, by mid-September.

Ariana Resources PLC (LON:AAU) noticed an 18% improve in gross earnings from its Kiziltepe Mine in Turkey, buoyed by a fall in prices below US$500 per gold ounce, an increase in stockpiled silver offered and increased treasured metals costs. The firm, which owns the operation with native associate Proccea Construction, mentioned treasured metallic gross sales generated US$9.9mln in the second quarter.

Galantas Gold Corporation (LON:GAL) mentioned in its second-quarter outcomes assertion that sure underground work continued at its Omagh mine in the first half of 2020. Ore manufacturing stays suspended till finance is accessible to increase the underground operation however following the suspension of blasting operations at the mine the processing plant has continued to function on a restricted foundation.

IronRidge Resources Limited (LON:IRR) introduced it has been accepted as a member of the European Battery Alliance (EBA250). The AIM-listed agency mentioned membership will present entry to a community of potential industrial, tutorial and authorities companions all through the worth chain, from mining to recycling, in addition to market analysis info, visibility and cooperation alternatives.

Metal Tiger PLC (LON:MTR) informed buyers it has subscribed new fairness in Sable Resources Ltd (CVE:SAE), with the funding set to offer it a 1.05% stake in the firm. Toronto-listed Sable is a treasured and base metals explorer in Latin America with property in Mexico, Argentina, and Peru.

Sunrise Resources PLC (LON:SRES) has now raised a complete of £1mln as additional shares have been issued to fulfill demand from present shareholders.


Peterhouse Capital raised an additional £250,000 via the concern of 89,285,714 shares as a part of a dealer possibility facility at a value of 0.28p per share.

Scancell Holdings PLC (LON:SCLP) mentioned a consortium led by its chief scientific officer will obtain authorities funding to kick begin scientific improvement of an extended-performing COVID-19 vaccine based mostly on the firm’s technology. The drug developer mentioned it expects to obtain round £2mln of the sum awarded by Innovate UK, which ought to underwrite the majority of the prices of the section I trial, which will get underway subsequent 12 months.

Tiziana Life Sciences PLC (NASDAQ:TLSA, LON:TILS) famous that an interview with its chief government and chief scientific officer Kunwar Shailubhai is now accessible for buyers on YouTube. In the interview, Shailubhai updates shareholders on its three patented therapies, together with strategies and use of anti-CD3 monoclonal antibodies for therapy of Crohn’s Disease, together with Tiziana’s lead drug Foralumab; in addition to feedback on the firm’s scientific pipeline and close to-time period milestones for reporting information for its oral and nasal Phase 2 scientific research with Foralumab and its plans for scientific improvement of a novel totally human monoclonal antibody for COVID-19.

Live Company Group (LON:LVCG) mentioned will probably be internet hosting an investor webinar through Monecor UK Ltd on Wednesday September 2 at 17:00. 

8.50am: Waiting for Jerome Powell

The FTSE 100 made a subdued begin with merchants maintaining their powder dry forward of a digital convention for central bankers in lieu of the normal bash in Jackson Hole, Wyoming.

Any feedback from the US Federal Reserve will likely be picked over with relish by commentators in search of so-far-missing ahead steerage from America’s price-setting physique.

Turning to the market, Rolls Royce shares have been down 5.5% after the aero-engines maker revealed simply how robust the market was because it pledged to promote property value £2bn to shore up its funds

Self-help measures have led to £350mln in price reductions that may assist in direction of its goal of £1bn this 12 months.

“The company’s troubles have been well known and in today’s update, it revealed plans to help whip itself into shape,” mentioned CMC Markets’ analyst David Madden.

Heading the Footsie checklist of risers was WPP (LON:WPP), which superior 5% after higher than anticipated interims, which have been accompanied by a pledge to restart dividend funds.

AVEVA (LON:AVV) was up there with a 2.2% achieve after HSBC’s analysts turned a bit extra optimistic on the UK’s largest listed software program group, elevating its suggestion to ‘hold’ from ‘reduce’.

Homeserve (LON:HOME) headed in the other way as the boiler restore specialist fell 3.2% in the wake of Morgan Stanley downgrade to ‘equal-weight’.

6.36 am: Footsie headed increased?

The FTSE 100 is ready to mark a sliver increased on Thursday as the opening of the Jackson Hole symposium comes into focus for fairness markets.

CFD and spreadbetting agency IG Index sees London’s blue-chip benchmark about 4 factors increased, making a value of 6,047 to six,050 with simply over an hour to go till the open.

US Federal Reserve chair Jay Powell will deal with on-line attendees later in the present day and the central banker could be very a lot in individuals’s consideration.

Speculation factors to expectations that he might let slip that the Fed is making ready to tolerate above-goal inflation in the quick time period in order to assist broader financial stability.

“He is also likely to ram home the message from his previous press conference that the recovery still largely depends on the virus, and the Fed remains ready to do whatever is necessary to support the economy,” mentioned Michael Hewson, analyst at CMC Markets.

“At the risk of coming across as rather glib, I’m not altogether sure how this is any different to what central banks have been doing for the past twelve years, and appears to come across as rather desperate.”

The analyst added: “The Fed might nicely be capable to anchor market expectations about its inflation focusing on, nonetheless we already know from the Bank of England’s expertise of the final 12 years, when it let inflation roar as much as 5%, with out nudging charges up, that it’s simpler to say than it’s to do.

“As such this could well be a buy the rumour, sell the news type of move as we head towards the weekend.”

Powell’s feedback will come in opposition to a backdrop of no less than superficially robust fairness pricing on Wall Street, in the meantime, the newest hurricane warnings in the neighborhood of the Gulf of Mexico stimulated crude oil ranges.

Wednesday noticed the Dow Jones achieve 83 factors or 0.3% to shut at 28,331 whereas the S&P 500 climbed one other 1% to complete the day at 3,478 and the tech-heavy Nasdaq index superior additional, rising 1.73% to shut at 11,665.

In Asia, in the meantime, Japan’s Nikkei fell 104 factors or 0.45% to 23,186.

Hong Kong’s Hang Seng moved 0..83% decrease to 25,281 and the Shanghai Composite added 0.47% to three,348.

Around the markets

The pound: US$1.3206, down 0.03%

Gold: US$1,943 per ounce, down 0.44%

Silver: US$27.21 per ounce, down 0.56%

Brent crude: US$45.76 per barrel, 0.2%

WTI crude: US$43.39 per barrel, up 0.09%

Bitcoin: US$11,369, down 0.07%

6.45 am: Early Markets: Asia / Australia

Shares in Asia Pacific have been combined in the present day as the newest information confirmed China’s industrial sector grew 19.6% in July in comparison with final 12 months, a rise from the 11.5% achieve in June.

China’s Shanghai Composite was up 0.44%, whereas the Shenzhen Composite jumped 0.58%.

Over in Hong Kong, the Hang Seng index fell 0.91% and in Japan, the Nikkei 225 shed 0.46%.

The S&P/ASX 200 is easing again in the ultimate 90 minutes of commerce with a 0.18% achieve as financials traded decrease however mining and well being shares have been nonetheless forward.

Proactive Australia news:

Auroch Minerals Ltd (ASX:AOU) has intersected excessive-grade huge nickel sulphides from diamond drilling at the Saints Nickel Project in Western Australia.

Predictive Discovery Ltd (ASX:PDI) has additional expanded the Bankan Creek zone at Bankan Gold Project in Guinea after receiving outcomes of as much as 42 metres at 2.8 g/t gold from 12 metres to the finish-of-gap.

St George Mining Ltd (ASX:SGQ) has intersected thick mafic-ultramafic models with nickel-copper sulphide mineralisation in drilling at the flagship Mt Alexander Project in WA’s Goldfields area.

Talisman Mining Ltd (ASX:TLM) has accomplished its maiden two-gap diamond drilling program at the excessive-grade Lucknow Gold Project in NSW with all assays acquired.

Australian Strategic Materials Ltd’s (ASX:ASM) Korean analysis and improvement associate ZironTech has produced 20.8 kilograms of excessive-purity titanium metallic with power and environmental advantages.

Kin Mining NL (ASX:KIN) has prolonged the Cardinia Hill discovery inside its Cardinia Gold Project (CGP) in WA at depth and to the north with additional robust outcomes from drilling.

Roots Sustainable Agricultural Technologies Ltd (ASX:ROO) has secured a serious gross sales channel into the Israel marketplace for its proprietary Root Zone Temperature Optimisation (RZTO) technology.

Lake Resources NL (ASX:LKE) (OTC:LLKKF) has taken one other large step in its technique to ship ‘clean’ lithium to the rising international inexperienced power push by appointing main battery technology and supplies firm Novonix to provide excessive-efficiency lithium-ion battery check cells.

Lithium Australia NL’s (ASX:LIT) 90% subsidiary Envirostream expects to start common recycling finish-of-life (EOL) electrical automobile (EV) batteries in coming weeks after signing additional agreements with two further battery suppliers.

Bellevue Gold Ltd (ASX:BGL) has taken a key step in its mission improvement technique with the appointment of GBF Mining and Industrial Services to finish stage 1 at its namesake gold mission in WA.



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