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The ASX200 has been down 0.35% at 8240 points.
Falls in commodity prices continue to be a drag on the bourse as mining stocks decline.
Iron ore has been US$101.20 in Singapore and major miner Rio Tinto (ASX:RIO) lost ground, down 1.1%, while Fortescue (ASX:FMG) bucks the trend, up 1.3%.
Utilities has been the best performing sector, up 0.75%, followed by IT, up 0.6% and Discretionary, up 0.33%.
Materials has been the biggest loser, down 1.1%, followed by Energy, down, 0.9% and Health Care, down 0.5%.
Company News
Paladin Energy Ltd (ASX:PDN) has been down 24% after revising down its production guidance for fiscal FY25. The company has experienced challenges with ramp up at the Langer Heinrich uranium mine (LHM) in Namibia.
Paladin Energy has been $7.33.
Liontown Resources (ASX:LTR) has been up 5.4% on news its scaling back its production plans at Kathleen Valley lithium mine. The move defers an expansion that would have increased extraction to 4 million tonnes per year and is aimed at saving $100 million.
Liontown Resources has been 88.5 cents.
South32 (ASX:S32) has been down 0.3% on news it invested $32 million in a 19.9% stake in American Eagle Gold, marking a development in the junior miner’s NAK copper-gold discovery in British Columbia.
South 32 has been $3.68.
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