ASX declines as oil and iron ore prices slump, P&O Australia brand to disappear — as it happened

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Australia's share market lost ground after heavy falls in oil and iron ore prices and a mixed performance on Wall Street. See how the trading day unfolded on our blog.

The local share market lost ground on Tuesday, with mining and energy stocks weighing heavily as global commodity prices fell.

"The Australian company wants to become the first substantial producer of dysprosium — a key component used in electric vehicles — outside of China."Trading closed at 4pm, and trades are settling now. Jobs and Skills Australia released a draft list categorising occupations into those likely to be on the list as eligible for skilled visas, those which are under consideration, and those unlikely to make the cut."targeted for consultation" include plumbers, bricklayers, cabinetmakers, painters, roof tilers and stonemasons."We need to ensure that we get our priorities right. We have to house all Australians," she told reporters in Canberra.

"Skilled migration will be part of the solution. So we are incredibly perplexed as to why most of the trades that we need to build 1.2 million homes are not on the definite list for skilled migration. It does not make any sense. We're a little over halfway through the trading session and the ASX200 is down 0.22%, with energy stocks weighing on the index.The world uses a lot of steel, so cutting those emissions will have a big impact.microwave technology"We need to do the work to make sure Pilbara iron ore is well positioned for green steel. So over the next two years, we willto test, for the first time, the full end to end process of BioIron at a semi industrial scale.

 

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