ASX Preview: Australian Shares Set to Fall as Oil Steadies; Robex Resources' Shareholders Approve Proposed Merger With Predictive Discovery

MT Newswires Live
Dec 31, 2025

Australian shares are poised to fall on Wednesday as oil steadies amid Middle East tensions and setbacks in Russia-Ukraine peace negotiations, with investors weighing the risk of supply disruptions against an oversupplied global market.

Overnight, the Nasdaq Composite and the Dow Jones Industrial Average each fell 0.2%, while the S&P 500 declined 0.1%.

In corporate news, Robex Resources (ASX:RXR) said that its shareholders approved the company's proposed merger with Predictive Discovery (ASX:PDI) on Tuesday, under which Predictive's unit will acquire the company's shares via a statutory plan of arrangement.

Orion Minerals (ASX:ORN) said that the holidays have delayed the finalization of unit Prieska Copper Zinc Mine's binding financing and concentrate offtake agreement with a unit of Glencore for the Prieska project in South Africa.

Australia's benchmark index fell 0.1% or 8.6 points to close at 8,717.10 on Tuesday.

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