Trade war worries, but miners shine: Aus shares 0.4% lower at noon
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15 Mar 2018 - Market at Midday: ASX heads for its 4th day of losses with banks weighing, while miners shine. Out of the big four banks, NAB (ASX:NAB) is down the most with Westpac (ASX:WBC) following, Commonwealth Bank (ASX:CBA) has lost the least. The iron ore price has moved back above the $70 a tonne level, hitting $71.64. Pilbara Minerals (ASX:PLS) has drawn down half of its $100 million bond issue, to construct and commission its plant at its flagship Pilgangoora Lithium-Tantalum Project. Argosy Minerals (ASX:AGY) was granted approval for the development of additional lithium brine evaporation ponds at its Rincon Lithium Project.
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SUMMARY
15 Mar 2018 - Market at Midday: ASX heads for its 4th day of losses with banks weighing, while miners shine. Out of the big four banks, NAB (ASX:NAB) is down the most with Westpac (ASX:WBC) following, Commonwealth Bank (ASX:CBA) has lost the least. The iron ore price has moved back above the $70 a tonne level, hitting $71.64. Pilbara Minerals (ASX:PLS) has drawn down half of its $100 million bond issue, to construct and commission its plant at its flagship Pilgangoora Lithium-Tantalum Project. Argosy Minerals (ASX:AGY) was granted approval for the development of additional lithium brine evaporation ponds at its Rincon Lithium Project.
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