BASIC MATERIALS

EQ Resources shares fell 9.41% amid a market selloff, despite benefiting from a tungsten price surge. The decline reflects broader market pressures rather than company-specific issues.

The ASX 200 rose 0.49% on Monday, driven by record highs in mining stocks, while banks and insurers weighed on the index. Ampol's earnings report highlighted global supply disruptions.

The ASX 200 rose slightly, driven by strong earnings in healthcare and materials sectors, despite broader market challenges. Key players like BHP and CSL contributed significantly to the index's performance.

National Energy Services Reunited's Q2 results exceeded expectations, with a 59% revenue increase and net income nearly tripling, driving a 16% stock surge. Strong performance attributed to increased activity in MENA region.

SolarEdge's shares fell 30% due to a disappointing third-quarter revenue forecast, despite improved second-quarter earnings. The outlook affected other solar companies, highlighting ongoing challenges in the U.S. market.

Genesis Minerals has emerged victorious in a takeover battle for Vault Minerals, marking a significant consolidation in the Australian gold sector, with potential synergies and regulatory hurdles ahead.

Capricorn Metals' shares rose 8.16% following a 33% reserve upgrade, outperforming the Australian gold sector amid rising bullion prices and strong operational execution.

Mineral Resources reported record production volumes and improved financials, driving a 4.75% share price increase. The company exceeded guidance across mining services, iron ore, and lithium divisions.

BHP Group's shares have declined due to falling iron ore prices, project cost overruns, and macroeconomic pressures, despite a strong long-term performance. Investors watch for leadership changes and market developments.

Vault Minerals' shares surged after Genesis Minerals made a superior takeover bid, challenging an existing merger agreement with Regis Resources and setting the stage for a potential bidding war.

BHP Group's shares rise as strong copper prices and operational performance offset concerns over cost increases at its Jansen potash project, highlighting its strategic focus on future-facing commodities.

Australia's recycled metal industry is becoming a key player in global manufacturing, supplying sustainable materials to Asia and India. Manhari Recycling leads this transformation, turning scrap into valuable exports.

Starbucks shares rose as the company implements strategies to revitalise its U.S. business, focusing on menu innovation, digital enhancements, and operational improvements amid evolving consumer preferences.

Sherwin-Williams shares rose over 3% due to positive housing market signals and strong architectural coatings position, benefiting from stabilizing mortgage rates and increased home improvement spending.

Starbucks is focusing on product innovation, customer experience, and strategic growth to address market challenges and shifting consumer preferences in the competitive beverage sector.

Iluka Resources experiences significant stock volatility in 2026, driven by weak commodity pricing and a strategic shift towards rare earths processing, impacting its financial performance and market position.

Minerals 260 Ltd, a Perth-based mineral exploration company, has seen its shares rise over 400% in the past year, driven by strong investor interest and a diverse project portfolio.

BHP Group Ltd shares rose 3.58% due to strong copper prices and commodity optimism, reflecting investor confidence in its diversified portfolio and strategic positioning for the energy transition.

Rio Tinto shares fell due to softer iron ore prices and cautious sentiment, reflecting broader resource sector pressures. Despite strong fundamentals, near-term commodity softness impacts market narratives.

BHP shares fell due to weak commodity prices and global uncertainties, despite strong operational results. Analysts highlight challenges from Chinese demand and market sentiment shifts.

BHP Group shares rose modestly as the company benefits from a diversified portfolio and strategic focus on future-facing commodities, despite global market volatility and mixed economic signals.

T1 Energy's shares rose 25.94% after a hedge fund disclosed a large investment. The company's strong Q1 results and ongoing projects further boosted investor confidence.

NextEra Energy's acquisition of Dominion Energy for $67 billion forms the largest regulated electric utility, enhancing capabilities to meet growing electricity demand from AI and data centers.

PureCycle Technologies' shares rose over 23% due to record production, regulatory approval in New Jersey, and plans for international expansion, despite reporting a net loss for Q1 2026.

Iron ore spot markets suffered a downslide on Monday, pulling the benchmark level below US$80 (AU$105.15) a dry tonne. It the first time since early January that such a low number has been recorded.

The price of iron ore is threatening to dip below US$85 (AU$112.8) a tonne. The export slipped 2.6 percent to settle at US$85.3 (AU$113.2) overnight, according to the Steel Index.

Iron ore spot markets delivered a mixed performance on Tuesday. The spot market for 62 percent fines saw an increase of 0.08 percent to reach US$89.80 (AU$118.14) a tonne, according to Metal Bulletin. This comes in the wake of prices dropping below the US$90 (AU$118.41) a tonne mark for the first time since Feb. 10.

Iron ore prices weakened on Monday, going below the US$90 (AU$118.5) a tonne mark overnight. This comes as the lowest recording in almost a month. The price for 62 percent fines closed at US$89.73 (AU$118.14) – a decline of 1.7 percent from the previous trading day.

Iron ore spot markets saw a steep decline on Friday. By the evening, however, they had swung around. As a result, there are speculations that suggest the fall may unwind on Monday.