Not a great day to be in the oil business!
Prices tanked overnight due to COVID-lockdowns, as European nations brace for the third wave.
Interestingly, ABC data shows that Aussies have been buying more EV's and Hybrid's, with record import growths in February.
Where are you charging them?
Across Markets…
Altech Chemicals (ASX: ATC) has commenced a pre-feasibility study (PFS) for the construction of a battery materials high purity alumina (HPA) coating plant in Saxony, Germany.
The company announced plans to launch the study last month, which will entail its 75% owned subsidiary Altech Industries Germany (AIG) assessing the commercial viability of building a plant on a 14,000-hectare site at the Schwarze Pumpe Industrial Park.
The plant’s capacity is based on a forecast that European lithium-ion battery plant production capacity will total about 500 Gigawatt hours per annum by 2025.
Using this prediction, European demand for anode graphite is estimated to reach about 500,000tpa when all of the planned lithium-ion battery plants achieve full production.
Source: Small Caps
Hong Kong stocks hit their lowest in more than 10 weeks on Wednesday, tracking overnight slump in Wall Street, on concerns of potential rate hikes and policy tightening globally while elevated Treasury yields also dampened risk appetite.
By the midday break, the Hang Seng Index was down 1.9% at 27,954.52, the lowest since Jan. 12, while Chinese H-shares listed in Hong Kong fell 2.18% to 10,868.77.
Mainland shares also extended losses, with the Shanghai Composite index down 1.22% at 3,369.78 points while the blue-chip CSI300 index dropped 1.39%.
Leading the declines in mainland, the CSI300 transportation index and CSI300 resource index dropped 4.3% and 4.1%, respectively.
Around the region, MSCI’s Asia ex-Japan stock index was weaker by 1.04% while Japan’s Nikkei index was down 1.57%.
Source: Reuters
Sector: Consumer Discretionary
Deal Type: Placement
Raise Amount: $2.2m
Latest Entry Price: $0.006 with a 1:4 DW8O
Today's Price Change: $0.11 Unchanged
Sector: Gaming & Digital Advertising
Deal Type: Placement
Raise Amount: $1.25m
Latest Entry Price: $0.02 with a 1:1 ICIOB
Today's Price Change: $0.11 Unchanged
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5m
Latest Entry Price: $0.015 with a 1:2 option
Today's Price Change: $0.11 Unchanged
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1m+
Latest Entry Price: $0.35
Today's Price Change: $2.43 -5.08%
Sector: Satellite Communication
Deal Type: Placement
Raise Amount: $5m
Latest Entry Price: $0.25 with a 1:3 Option
Today's Price Change: $0.27 Unchanged
Sector: Vertical Farming
Deal Type: Placement
Raise Amount: $1.53m
Latest Entry Price: $0.05 with a 2:3 Option
Today's Price Change: $0.054 Unchanged
Sector: Consumer Discretionary
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Latest Entry Price: $0.08 with a 1:1 CLBO
Sector: Hemp & CBD
Deal Type: Pre IPO
Raise Amount: $2.5m
Latest Entry Price: $0.20
Today's Price Change: CAD $0.24 -18.33%
Sector: Psychedelic assisted Therapy
Deal Type: Pre IPO
Raise Amount: $1.5m
Latest Entry Price: $0.08 with a 1:2 Option
Today's Price Change: CAD $0.16 -23.26%
Sector: mining
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Latest Entry Price: $0.013 with a 1:1 MRQOC
Today's Price Change: $0.01 +11.11%
Sector: CBD
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today's Price Change: $0.022 Unchanged
Sector: Industrials
Deal Type: Placement
Raise Amount: $750k
Latest Entry Price: $0.015
Today's Price Change: $0.024 Unchanged
Sector: Mining (Gold)
Deal Type: Placement
Raise Amount: $982k
Latest Entry Price: $0.0115 with a 1:1 SBRO
Today's Price Change: $0.005 +11.11%
Sector: Mining (Gold/Silver)
Deal Type: Placement
Raise Amount: $2.3m
Latest Entry Price: $0.014 with a 1:1 GEDO
Today's Price Change: $0.01 Unchanged
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