Market News

Smart building materials company ClearVue Technologies is set to receive a $2 million grant through Western Australia’s Investment Attraction Fund to advance its manufacturing operations. 

Global manufacturing production reached a near five-year high in May as clients purchased goods earlier to protect themselves against price increases and supply chain disruptions.

A recent study by SkyQuest Technology Consulting has found that the 3D printing construction market is projected to surpass USD 397.5 billion by 2030 at a CAGR of 87.38 per cent from 2023 to 2030.

Australian steel manufacturer BlueScope’s underlying earnings before interest and tax for the first half of fiscal year 2023 is expected to range between $800 million to $900 million. 

Shipbuilder Austal Philippines has delivered the 115-metre, high-speed vehicle-passenger ferry Express 5, the largest ferry constructed by an Austal shipyard.

Australia’s manufacturing sector saw further contractions in October after the rate of new orders dropped amid worsening demand conditions, according to the latest Purchasing Manager’s Index (PMI) data from Judo Bank. 

Clinical-stage biotechnology company PYC Therapeutics said it plans to partner with Google Cloud to build custom-designed machine learning models to develop a new generation of precision medicine models. 

First Graphene Limited (ASX: FGR; “First Graphene” or “the Company”) is pleased to announce it has entered into a joint development agreement (JDA) with fellow ASX-listed company Suvo Strategic Minerals Limited (ASX:SUV; “Suvo”) to research and develop low-emission cement and concrete products.

Eurozone’s PMI Composite Output Index saw a significant increase for the second consecutive month, increasing from November’s 47.8 to a four-month high of 48.8. 

Gallium nitride (GaN) laser diodes produced by BluGlass at its Silicon Valley feasibility are now achieving or exceeding manufacturer performance benchmarks, the company said in an ASX announcement.