Industrial stocks advanced 0.4% at midday Monday, bucking the downward trend.
Chrysos (ASX:C79) reported a fiscal third quarter unaudited revenue of AU$16.2 million, up 5% quarter-on-quarter and up 25% year-on-year. The company expects its fiscal 2025 revenue to be at the lower end of its previously issued guidance of AU$60 million to AU$70 million.
On the flip side, the energy sector plummeted 2.5% as oil prices fell after OPEC+ countries announced production increases for June.
Lotus Resources (ASX:LOT) said its unit, Lotus (Africa), received approval from Malawi's Atomic Energy Regulatory Authority for the resumption of mining and processing operations at the Kayelekera uranium project. It is on track to restart uranium production at the project for the third quarter of the year.
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