Australia’s manufacturing sector records first contraction of 2025, S&P Global reports
Australia’s manufacturing sector contracted for the first time this year, as new orders declined both domestically and overseas, according to the latest S&P Global Australia Manufacturing Purchasing Managers’ Index (PMI).
Alcoa reports $231m net loss as production, shipments decline in Q1
Australian mining firm Alumina Limited announced Alcoa Corporation’s Q1 earnings results, revealing a loss of $231 million, which is a significant contrast to the profit the company recorded in the same period a year earlier, owing to a decrease in shipments and production.
Core Lithium opens Northern Territory’s first lithium mine
ASX-listed mining company Core Lithium has opened its $89 million Finniss Lithium mine in the Northern Territory.
PYC eyes AI-powered drug discovery partnership with Google Cloud
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.
Eurozone manufacturing PMI at 48.5 in February
The euro area manufacturing purchasing managers’ index (PMI) stood at 48.5 in February, falling slightly from 48.8 in January, while the manufacturing output index nudged above the neutral mark to reach 50.1, up from 48.9 in January.
EOS secures financing to back restructuring efforts
Defence and aerospace company Electro Optic Systems (EOS) has ventured into a financing agreement with major shareholder Washington H. Soul Pattinson and Company (WHSP)...
Austal delivers 4th Cape-Class Patrol Boat to Australian Navy
Austal Australia has completed the fourth delivery of Evolved Cape-class Patrol Boats (ECCPBs) to the Royal Australian Navy (RAN).
ASX biotech firm Noxopharm unveils anti-inflammatory skin disease drug
Australian biotech company Noxopharm Limited unveiled today its new preclinical product candidate from its Sofra technology platform that has shown effectiveness against inflammatory skin disease in preclinical models
Quickstep collaborative project to reduce composite production cost
Aerospace composite manufacturer Quickstep has collaborated with the Sovereign Manufacturing Automation for Composites CRC (SoMAC CRC) and Deakin University’s Institute for Intelligent Systems Research and Innovation to help address the high cost of large-scale composite production.
Aluminium Revolutionary Chassis Company receives funding from Macquarie Group and Origin Energy to accelerate...
Aluminium Revolutionary Chassis Company (ARCC), the developer and manufacturer of Australia’s first lightweight bolted aluminium city bus chassis, has secured strategic investment from Macquarie Group and Origin Energy.
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Australian Manufacturing Week 2026 to make Brisbane debut
Australia’s leading advanced manufacturing showcase, Australian Manufacturing Week (AMW), is set to return in 2026, marking its first-ever event in Brisbane.
