市场见解

ASX 200 (ASX:XJO) midday update: Rio Tinto’s lithium acquisition, Pilbara Minerals jumps

Here’s what’s happening on the ASX 200 on Wednesday…
The post ASX 200 (ASX:XJO) midday update: Rio Tinto’s lithium acquisition, Pilbara Minerals jumps appeared first on The Motley Fool Australia. –

At lunch on Wednesday, the S&P/ASX 200 Index (ASX: XJO) has given back its early gains and is now trading lower. The benchmark index is currently down 0.2% to 7,340.3 points.

Here’s what is happening on the ASX 200 today:

Rio Tinto acquires lithium operation

The 力拓集团 (ASX: RIO) share price is trading lower today despite announcing an acquisition. The mining giant intends to pay US$825 million or A$1.15 billion for the Argentina-based Rincon lithium project. The release notes that it is a large brine project with the potential to be one of the lowest carbon operations in the industry.

Pilbara Minerals shares surge higher

The Pilbara Minerals Ltd (ASX: PLS) share price is surging higher today following the release of a bullish broker note out of 麦格里银行 (ASX: MQG). Its analysts suspect that lithium prices could remain at sky high levels for the next four years. As a result, they have upgraded their earnings forecasts and price target on Pilbara Minerals’ shares accordingly. Macquarie now has an outperform rating and $3.70 price target on its shares.

Charter Hall tumbles

The Charter Hall Group (ASX: CHC) share price is tumbling today after announcing the acquisition of a 50% interest in Paradice Investment Management (PIM). Charter Hall will pay $207 million for the stake. This comprises 70% in shares and 30% in cash. PIM is a fund manager with around $18.2 billion in funds under management.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Wednesday has been the Pilbara Minerals share price with a 7%. Macquarie’s bullish note appears to be behind this. The worst performer has been the Charter Hall share price with a 5% decline. Investors don’t appear keen on its new acquisition.

The post ASX 200 (ASX:XJO) midday update: Rio Tinto’s lithium acquisition, Pilbara Minerals jumps appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Should Appen (ASX:APX) shareholders worry about Amazon in 2022?

Invested in Wesfarmers (ASX:WES) shares? Here’s what to watch in 2022

Charter Hall (ASX:CHC) share price sinks 6% on acquisition news

Macquarie names the best ASX lithium shares to buy in 2022

Rio Tinto (ASX:RIO) share price slumps amid $1.15b lithium acquisition

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!