The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.68% on Tuesday.
Australian Dollar ($A) (AUDUSD): 69.94US cents
Dow Jones (DJI): up 0.65%
Oil (WTI): $US57.10 per barrel
Gold: $US1,417 per ounce
ASX Sharemarket News
In ASX sharemarket news, BHP Group Ltd
(ASX: BHP) is in the headlines after its management were supposedly unhappy in an email regarding performance across BHP’s operations and have docked employee incentives according to the Australian Financial Review.
The email showed concerns about not reaching expectations about production and said some staff were pinning their hopes on luck of external events rather than good management, which helped the BHP share price and large dividend payments.
One of the main pieces of luck was the Vale dam failure in South America, which led to a large increase in iron ore prices.
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Lithium company Orocobre Limited (ASX: ORE) has released its quarterly June 2019 operation report to the market.
In the quarter it produced 3,455 tonnes which was 4% lower than the June 2018 quarter. Sales were 3,387 tonnes for the quarter, 4% higher than last year.
However, the average price achieved was US$8,220 per tonne, 40% lower than a year ago. But costs actually increased by 18% to US$4,493 per tonne.
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Iluka Resources Limited
(ASX: ILU) is another resource business to reveal its June quarter update today.
June quarter zircon, rutile and synthetic rutile production was up 10% compared to the first quarter of 2019 to 169kt, although it was down a little compared to the first quarter.
The 2019 first half revenue per tonne was up 30% compared to the first half of 2018.
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