BASIC MATERIALS

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.

Iron ore spot markets bounced back on Thursday. However, it is expected that the upward trend may start falling on Friday, as Dalian futures suffered a heavy slide overnight.

Iron ore futures returned to a steady trend as markets did next to nothing. This comes amid reports that Chinese regulators were looking to probe into speculative or "non-conforming" trading activity in the nation’s commodity futures market.

Iron Ore Company of Canada (IOC), majority-owned by Rio Tinto, will be working on the Wabush 3 project. The company announced its plans after securing a C$79 million (AU$78.04 million) investment approval.

Iron ore prices have witnessed a deviation from market expectations as the demand and prices of Chinese steel see new highs. Following three days of losses, iron ore spot markets returned to stable conditions on Friday.

Iron ore prices witnessed a surprising upsurge as they crossed US$90 (AU$117.2) a tonne. This is the first time in more than two years the price has gone beyond the anticipated mark. The last time the same feat was achieved was in August 2014.

Australian company Incitec Pivot has been revealed as the world’s sixth largest importer of “illegal” phosphate from the disputed territory of Western Sahara.

The Turnbull government has announced a $75 billion infrastructure project to secure the future of Arrium Mining and Minerals, which entered into voluntary administration on Thursday.

When it comes to fast food restaurants, quality of the food and convenience of location have become more important factors in the people's dining decisions according to the recent release of Consumer Reports on best and worst fast food restaurants in the United States.

Who would have thought that after all these years of McDonald's existence worldwide, there are still American adults who have not tasted their yummy selections?

Kiwis once again are saying their stern no to the Ozs.

30 Hurricane Katrina homes that were built by Brad Pitt's Make It Right charity in the Lower 9th Ward in New Orleans, Louisiana (LA) are now reportedly rotting from the inside out.

Crumbling Asian stocks was a result of the U.S. stalemate. Consequently, this has also affected the Australian market.

ZYL Limited (ZYL), an ASX-listed metallurgical coal exploration and development company, has paid a total penalty of $66,000 after the Australian Securities & Investment Commission (ASIC) served two infringement notices on the company for failing to comply with its continuous disclosure obligations. The infringement notices pertain to an ASIC investigation into ZYL announcements on the Australian Stock Exchange (ASX).

Vinnies CEO Sleepout invites all business leaders and CEO to experience how it is to be homeless on Thursday, June 20.

Droppings from Blantyre Farm's 22,000 pigs helped the enterprise be on record as Australia's first farm eligible to earn carbon credits under the Gillard government's carbon farming initiative. The hog manure is converted to methane through the commercial-scale system built by Quantum Power that the farm operator installed.

While more Australian men are shifting to careers within the lucrative resources sector, there are also a rising number of Aussie women who are venturing into Outback jobs.

After introducing in 2011 the 24/7 postal services for parcels ordered online, the Australia Post is taking its service to another level by linking farmers and consumers.

The future is still bright for Australia beef industry. According to a report released on Monday at the Beef Australia 2012 summit, the country's cattle herd is expected to reach 30 million heads this year. It would be the peak since the 1970s.

Rio Tinto and Chinalco's listed subsidiary, Chalco, have completed the formation of their joint venture (JV) to develop and operate the Simandou iron ore project in Guinea, following the completion of all Chinese regulatory approvals. As a result, a consortium led by Chalco has made an earn-in payment of US$1.35 billion, in line with an agreement reached with Rio Tinto in March 2010.

A firm and steady opening has set in the Australian stock market today and analysts are closely watching if it would break the barrier resistance of 4320, an indicator that a change in sentiment towards the positive amidst concerns of the economy's correlation to China's economic slowdown may take place.

Stocks rebounded from the biggest decline in two weeks, rising after a strong reading on weekly U.S. jobless claims. The Dow Jones Industrial Average climbed 32 points, or 0.3%, to 13032, in Thursday afternoon trading.

The Dow Jones Industrial Average pierced the 13000 level for the first time since before the financial crisis, but traded largely below the mark during a choppy session in which stocks were negative at times. The Dow broke 13,000 before noon Tuesday and a handful of other times throughout the day, but was down 17 points, or 0.1%, at 12933 in afternoon trading.

The U.S. dollar fell to a near two-week low against the euro Monday on hopes European finance ministers would agree on conditions for another loan for Greece.