Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.02% at lunch. The BHP Billiton Limited (ASX: BHP) share price is down by 1.36% today as commodity prices dropped slightly.
The Magellan Financial Group Ltd (ASX: MFG) share price is up 0.2% after dumping the Cricket Australia sponsor partnership.
a2 Milk Company Ltd (ASX: A2M) is down by 3.9% and Bellamy’s Australia Ltd (ASX: BAL) is down by 5.14% after Nestle revealed it would release its own A2 protein brand of infant formula.
The Iron Mountain Corporated (ASX: INM) share price is up 3.67% after closing its US term loan and increasing its Australian term loan.
Australian Pharmaceutical Industries Ltd (ASX: API) share price is up 2.37% on no news at lunch.
Some market commentators are question if there is going to be a lithium oversupply, or if lithium will be cyclical like other commodities. This has caused the Orocobre Limited (ASX: ORE) share price to be the worst performer today, dropping by almost 6%.
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