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Talga's Start of Battery Graphite Anode Product Commercial Deliveries Important Milestone, Euroz Hartleys Says

Talga Group's (ASX:TLG) start of commercial deliveries of battery graphite anode product Talnode-C to its customer Nyobolt marks a significant milestone and a shift from customer qualification and validation into commercial sales, Euroz Hartleys said in a note on Friday.The first shipment was delivered from Talga's EVA demonstration plant in Luleå, Sweden, at the contracted commercial price.The balance of the 3,000-tonne offtake will be supplied from a planned commercial-scale anode plant in Sweden, with construction planned to begin in 2027, subject to a final investment decision.The deliveries help broaden the market for Talnode-C and for the company. A number of these markets, particularly the artificial intelligence data center power and drones and defense hardware, are backed by significant structural growth drivers.The investment firm maintained Talga's speculative buy recommendation and placed the AU$1.33-per-share price target under review.

ASX:TLG

Asia31d ago

Japan, Italy Secure GBP4.6 Billion UK Deal for Next-Generation Fighter Jet

The UK has awarded a 4.6 billion pounds sterling contract to Japan and Italy as part of the Global Combat Air Program to deliver a sixth-generation fighter jet by 2035, according to a UK government statement on Friday.The milestone follows the UK's confirmation of an 8.6 billion pounds investment over four years under its Defense Investment Plan, supporting thousands of highly skilled jobs and strengthening national security.The advanced aircraft will incorporate AI, digital engineering, and autonomous systems to operate alongside Typhoons and F-35s, with the contract advancing design and testing phases through the joint venture Edgewing.Beyond defense, the program seeks to continue supporting 4,500 jobs and a supply chain of roughly 600 organizations across the UK.

Nikkei 225

Asia31d ago

Japanese Stocks Climb as Oil Slides on Easing Middle East Tensions

Japanese equities edged higher on Monday's early session amid easing concerns over Middle East shipping disruptions and expectations of increased crude output from OPEC+.The Nikkei rose 229 points or 0.3% to open at 69,973.34.Brent crude declined around $71 per barrel as traffic through the US-secured maritime route in the Strait of Hormuz began to show signs of normalization.Elsewhere in Asia, market participants also monitored the Korean won's inaugural session in the 24-hour forex trading system.Meanwhile, US index futures maintained their upward momentum from Friday, when American exchanges remained closed for the Independence Day holiday.

Nikkei 225

Asia31d ago

Japan's Fair Trade Commission Closes Broadcom Antitrust Probe Without Finding Violations

Japan's Fair Trade Commission has closed its investigation into Broadcom after failing to find sufficient evidence of antitrust violations related to server virtualization licensing for cloud providers.The probe, launched around April 2024, examined whether Broadcom abused its bargaining position or engaged in unlawful bundling of software products, according to a statement on the commission's website.Broadcom has voluntarily committed to providing sufficient prior notice and engaging in good-faith negotiations with cloud service providers before implementing any materially disadvantageous contract changes, the statement read.Broadcom did not immediately respond to MTNewswire's request for comments.

Nikkei 225

US Markets31d ago

CATL Invests in New Zealand Biographite Maker CarbonScape

Contemporary Amperex Technology (SHE:300750, HKG:3750) or CATL has made a strategic investment in New Zealand-based bio-based graphite materials maker CarbonScape.Through the investment, the Chinese battery maker plans "to advance the commercial scale-up and deployment" of bio-based graphite materials for next-generation battery supply chains, CarbonScape and CATL said in a joint press release on Monday.The multi-year collaboration covers technology de-risking and scale-up, as well as strategic investment and financing.While the companies did not disclose the financial terms of the transaction, Bloomberg reported that CATL invested to acquire a 20% stake in CarbonScape.As part of the deal, CATL will also secure representation on CarbonScape's board, according to the press release.The partnership seeks to establish local graphite supply chains for automakers in the U.S. and Europe.CATL supplies batteries to major automakers, including Tesla, BMW, Mercedes-Benz, Volkswagen, Honda Motor (TYO:7267), Hyundai Motor (KRX:005380), NIO (HKG:9866, SGX:NIO) and Li Auto (HKG:2015).The companies noted that over 75% of graphite used in batteries comes from an oil-based feedstock. CarbonScape said its technology enables the production of battery-grade graphite from forestry by-products."What we have built at CarbonScape is the only proven pathway to produce battery-grade graphite from forestry residues, at target cost parity with conventional graphite and with a carbon-negative footprint. CATL's investment is the most powerful validation this technology could receive," said Vincent Ledoux-Pedailles, Chief Commercial Officer of CarbonScape.Hong Kong-based investment firm Lochpine Capital, which serves as the strategic offshore investment arm of CATL, has also made a strategic investment in CarbonScape."CarbonScape has developed a differentiated approach to graphite production using forestry by-products, and we are pleased to support the company alongside CATL as it advances its technology and commercialisation plans," said Blake Niu, Lead Partner at Lochpine Capital.

HKG:2015HKG:3750HKG:9866KRX:005380SGX:NIOSHE:300750TYO:7267

Asia31d ago

Barton Gold Confirms Further High-Grade Intersections at South Australia Project

Barton Gold (ASX:BGD) confirmed that its Tunkillia project in South Australia continued to deliver broad and high-grade intersections with the release of further assays from expanded second phase upgrade drilling, according to a Monday filing with the Australian bourse.Latest assays from the southern zone of the main Area 223 optimized open pit include 13 meters at 5.01 grams per tonne grade of gold from 55 meters, 17 meters at 3.09 g/t grade of gold from 100 meters, and four meters at 7.6 g/t Au from 95 meters, the filing said.The Tunkillia pre-feasibility study is expected to be completed in the first quarter of 2027, per the filing.Shares fell nearly 1% in morning trade on Monday.

ASX:BGD

Asia31d ago

Cobre Says Chile Copper Project Returns to Positive Cash Flow; Shares Down 4%

Cobre (ASX:CBE) said its Sierra Atacama copper project in Chile generated operating cash flow of $644,000 in April and $601,000 in May, marking its return to positive cash flow, according to a Monday filing with the Australian bourse.The project, for which Cobre assumed operational control at the end of March, is expected to remain profitable through June and beyond, the company said.In the eight weeks since assuming operational control, Cobre reported "materially higher" mined head grades, improved leach recoveries, and better copper cathode quality for the project. The company is now planning a ramp-up to 700 tonnes of copper cathode per month by the first quarter of 2027.Cobre shares fell 4% in recent Monday trade.

ASX:CBE

Asia31d ago

Minebea Mitsumi to Invest 58 Billion Yen to Boost AI Data Center Bearing Production

Minebea Mitsumi (TYO:6479) will invest 58 billion yen to expand precision bearing production for AI data center cooling and storage equipment, as AI demand spreads to the broader components sector, Nikkei Asia reported on Monday, citing chairman and CEO Yoshihisa Kainuma.The Japanese manufacturer plans to raise overall bearing capacity by about 30% to over 500 million units per month through investments in Southeast Asian production bases, the news daily said.Kainuma said the company will build a new factory within an existing complex, with Cambodia and Thailand under consideration, featuring advanced equipment to improve efficiency by roughly 60%, the publication said.Construction is slated to begin this year, with production expected to start as early as fiscal 2028, the report said.

TYO:6479

Asia31d ago

Midas Minerals Says Namibia Prospect Drilling Confirms Copper, Silver Mineralization

Midas Minerals (ASX:MM1) said drilling at the Spaatzu prospect at its Otavi copper project in Namibia confirmed significant copper and silver mineralization, according to a Monday Australian bourse filing.It encountered intercepts of 52 meters at 1.19% grade of copper, 8.7 grams-per-tonne grade of silver, 1.93% grade of lead from 148 meters, as well as 16 meters at 0.76% grade of copper, 26.8 g/t grade of silver, 2.36% grade of lead, 215 parts-per-million grade of molybdenum from 205 meters.It also began exploration on the Khorixas West project, with rock chip sampling returning values up to 30.8% grade of copper, 4.26 g/t grade of gold, and 149 g/t grade of silver.

ASX:MM1

Asia31d ago

Nyrada Doses First Patient in Phase 2a Trial of Heart Attack Drug Candidate

Nyrada (ASX:NYR) has initiated its PROTECT-MI phase 2a clinical trial with the dosing of the first patient evaluating its transient receptor potential canonical ion channel inhibitor Xolatryp, according to a Monday filing with the Australian bourse.The trial is a randomized, double-blind, placebo-controlled study that will follow patients for 30 days to assess safety, tolerability, and efficacy outcomes while keeping treatment allocation concealed, per the filing.The company said that trial site activation is progressing, with Sir Charles Gairdner Hospital in Perth expected to begin recruitment soon, additional Australian sites moving through regulatory approval, and expansion into New Zealand underway, the filing said.The company expects the last patient to be dosed in mid-2027, with top-line results anticipated about three months after that patient completes a 30-day follow-up visit, the filing added.The company's shares fell 2% in recent Monday trade.

ASX:NYR

Asia31d ago

Rio Tinto Group Says JPMorgan Chase Becomes Substantial Holder

Rio Tinto Group (ASX:RIO) said that JPMorgan Chase and its affiliates acquired voting power of 5.13%, making them substantial holders as of July 1, according to a Monday Australian bourse filing.The bank holds 19.1 million ordinary shares of the mining giant.Rio Tinto's shares gained about 1% in recent Monday trade.

ASX:RIO

Asia31d ago

Market Chatter: Fortescue Hit With Additional Curbs by Chinese State-Backed Iron Ore Buyer

Fortescue (ASX:FMG) has been hit with additional restrictions from China Mineral Resources Group, the state-backed iron ore buyer that negotiates with global miners on behalf of the Chinese government, Bloomberg reported Friday, citing anonymous sources familiar with the matter.China Mineral Resources earlier set a July 15 deadline for steelmakers and traders to take delivery of portside Super Special Fines product from Fortescue. It has now told a number of domestic steel mills not to buy any new, US dollar-denominated consignments of Super Special Fines, according to the report.The reported development comes amid an impasse in price talks between Fortescue and China over long-term supply deals.Fortescue declined to comment on the matter in response to a query from. The company's shares gained nearly 2% in recent Monday trade after hitting a year-to-date low on Friday.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:FMG

International31d ago

Hong Kong's Private Sector Activity Gathers Pace in June

Hong Kong's private sector activity expanded in June, showing a second consecutive monthly improvement in business conditions, with the rate of growth the strongest since February, S&P Global showed Monday.The latest seasonally adjusted S&P Global Hong Kong SAR Purchasing Managers' Index stood at 52.0, compared with 50.4 from the previous month.The growth in output in June accelerated to a four-month high, while new order inflows across the private sector economy increased for the second month in a row during the period.

Hang Seng

Asia31d ago

NobleOak Life Secures In-Principle Victorian Insurance Duty Relief

NobleOak Life (ASX:NOL) said it has received in-principle ex gratia relief from Victoria's State Revenue Office on insurance duty applied to general insurance premiums written between Jan. 1, 2025, and June 30, 2025, following discussions with the Victorian Treasurer and revenue authorities, according to a Monday filing with the Australian bourse.The company had recognized a AU$6.5 million provision as at Dec. 31, 2025, and now expects the final exposure to be lower, with the outcome to be reflected in fiscal 2026 accounts once resolved, the filing added.

ASX:NOL

Asia31d ago

Japan to Impose Provisional Anti-dumping Duties on Steel Imports From China, Taiwan

Japan's Cabinet decided to impose provisional anti-dumping duties on nickel-added cold-rolled stainless steel coil, sheet, and strip originating in or exported from China and Taiwan, according to a joint statement from the Ministry of Economy, Trade and Industry and the Ministry of Finance on Friday.The provisional anti-dumping duty rates will range from 3.6% to 42.1%, and will run for four months from July 9 to Nov. 8, 2026.The decision follows a preliminary determination in a probe launched on July 22, 2025. Authorities have ruled that imports of dumped steel products resulted in "material injury" to the domestic industry.Major domestic producers of these materials include Nippon Steel (TYO:5401), JFE Holdings' (TYO:5411) JFE Steel and Kobe Steel (TYO:5406).

Nikkei 225TYO:5401TYO:5406TYO:5411

Asia31d ago

Novonix Gets Listing Rule Waivers for Share Purchase Plan

Novonix (ASX:NVX) said it received waivers from the Australian Securities Exchange to execute a share purchase plan at an issue price of AU$0.16 per share without shareholder approval, according to a Monday filing with the bourse.The waivers will allow the shares to be excluded from calculating the company's available placement capacity, and its directors will be able to participate in the share purchase plan, per the filing.The waivers are conditioned on the issue price of the shares being at least AU$0.16 each, and the number of shares to be issued under the plan must not surpass 30% of the company's shares on issue.Novonix said seeking shareholder approval would have delayed the share purchase plan and prevented it from offering the shares on the same terms as a separate institutional placement.

ASX:NVX

Asia31d ago

Update: Vault Minerals Receives Nearly AU$6 Billion Merger Proposal From Genesis Minerals; Shares Up 11%

(Updates to add share movement in the headline and the last paragraph and Regis Resources' comment in the fifth paragraph)Vault Minerals (ASX:VAU) received an unsolicited binding proposal from Genesis Minerals (ASX:GMD) to merge via acquisition by Genesis of all ordinary shares in Vault through a scheme of arrangement, valuing Vault at AU$5.6 billion or AU$5.27 per share, according to a Monday Australian bourse filing.The company said the implied offer price represents a nearly 15% premium to the AU$4.614 implied offer price under its existing scheme with Regis Resources (ASX:RRL), based on the last closing price of Regis shares of AU$6.63 on July 3, and an almost 16% premium to the closing price of Vault shares on the same date.The consideration under the Genesis proposal comprises 0.7629 new Genesis ordinary shares plus AU$0.475 in cash for every Vault share held, with Genesis to provide a mix and match facility enabling Vault shareholders to elect to receive more or less cash or scrip, subject to maximum aggregate cash and scrip consideration of about AU$500 million and about 803.4 million Genesis ordinary shares respectively, the filing added.Vault has notified Regis that it considers the Genesis proposal to be a "superior" proposal under the Regis scheme implementation deed(SID), with a five business day matching right period having commenced and set to expire on Friday, it added.Regis said that it is considering its position under the SID, according to the company's Monday Australian bourse filing.Vault Minerals shares rose almost 11% in recent Monday trade, while Genesis Minerals shares fell almost 7%. Regis Resources' shares added over 1%.

ASX:GMDASX:RRLASX:VAU

Asia31d ago

Elixir Energy Records Gas Breakthrough, Sustained Gas Flows at Queensland Appraisal Well; Shares Surge 13%

Elixir Energy (ASX:EXR) said official gas breakthrough and sustained gas flow at the Lorelle-3H appraisal well in Queensland occurred on July 4 at a bottom hole pressure of 6,300 pounds per square inch (psi), a minor underbalance, and drawdown on the reservoir pressure of 6,350 psi, according to a Monday filing with the Australian bourse.The company plans to start production testing when it observes the critical dominant phase change from fluid to gas.The test will continue throughout July, where peak gas-condensate rates will be observed and along with any initial decline of the well with its exit rates.The company's shares surged 13% in recent Monday trade.

ASX:EXR

Asia31d ago

Japan Extends Anti-dumping Duties on South Korean Dipotassium Carbonate for Five Years

Japan's Cabinet adopted an order to extend anti-dumping duties on dipotassium carbonate imported from South Korea for an additional five years, according to a joint statement from the Ministry of Economy, Trade and Industry (METI) and the Ministry of Finance on Friday.The extension will keep the current anti-dumping tariff rate of 30.8% in place until July 7, 2031.The decision follows a review launched in August 2025 after a request from domestic chemical manufacturer AGC Inc. (TYO:5201).Japanese authorities ruled that removing the duties would likely lead to "a recurrence of dumping and injury to the domestic industry caused by the dumped imports."Japan originally implemented the 30.8% anti-dumping duties on South Korean dipotassium carbonate on June 24, 2021.Dipotassium carbonate is an ingredient used to manufacture soap, glass, and wine, among others. Unid Co. (KRX:014830) is among the listed suppliers of this compound in Korea.

Nikkei 225KRX:014830TYO:5201

Asia31d ago

Ausgold Executes Early Works Agreements With Lycopodium, CrossBoundary, Ahead of Katanning Gold Project FID

Ausgold (ASX:AUC) has executed an early works agreement with preferred engineering, procurement, and construction (EPC) contractor Lycopodium, enabling the commencement of detailed engineering and project execution planning ahead of a final investment decision (FID) targeted for the end of the year at its Katanning gold project in Western Australia, according to a Monday Australian bourse filing.The company said it has also signed an early works agreement with preferred build-own-operate power provider CrossBoundary Energy, allowing detailed engineering and procurement of long-lead equipment to commence for the planned hybrid gas, solar, and battery energy storage system power station.Environmental permitting continues to advance, with all additional information requested by the Western Australia Environmental Protection Authority (EPA) submitted, including completion of a comprehensive program of targeted field surveys, the filing added.Targeted surveys have been completed, including a specialist trapdoor spider survey requested by regulators, with no occurrences identified within the project footprint. The commencement of a native seedling planting program to create vegetation screening was also noted, it added.

ASX:AUC

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US Markets31d ago

CATL Invests in New Zealand Biographite Maker CarbonScape

HKG:2015HKG:3750HKG:9866KRX:005380SGX:NIOSHE:300750TYO:7267