Ivanhoe Atlantic recently pulled its $300m ASX float and will now list in New York. But the reasons behind that might bode well for the local bourse.
Commodities
The fund manager's Damien Boey said it would be foolhardy to believe gold is an uncorrelated asset.
Currencies are notoriously unpredictable but several factors including interest rates and geopolitics point to a higher-for-longer Aussie dollar. And one sector on the ASX could prove resilient.
A US–Australia critical minerals push is drawing American capital to ASX rare earths, from takeover bids to export finance talks.
Rio Tinto laid out a new “stronger, faster, simpler” strategy just last month. Now its plans to create a sprawling mega miner through a merger with its Anglo-Swiss rival have been given an early vote of no confidence.
The financial services giant has revealed it is preparing internal candidates to succeed Shemara Wikramanayake when she eventually exits.
ASX-listed Arafura Rare Earths has praised the landmark deal, but Pilbara Minerals expressed concerns funding could be squandered on unsustainable projects.
