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Chanticleer

Can the ASX keep climbing, BHP’s Anglo gamble and why Nvidia is splitting itself in 10

May 24, 2024
This podcast debates the sharemarket's climb, Australian mining sector's pulse, and NVIDIA's split. Topics include energy transitions, market drama, bid increases in acquisitions, activist pressure, AI applications, and share splitting effects on retail investors' interest.
35:14

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Quick takeaways

  • Government underwrites coal-fired power for short-term stability amid renewable energy ambitions.
  • BHP intensifies bid for Anglo American to enhance mining portfolio through acquisition.

Deep dives

Effects of New South Wales Government Underwriting a Coal-Fired Power Generator

New South Wales government has decided to underwrite the state's biggest coal-fired power generator, a roaring, to keep it operational until at least August 2027 due to the lack of reliable alternative energy sources. This move highlights the ongoing reliance on fossil fuels for energy production despite ambitions for renewable energy transitions. The government's intervention is seen as a short-term solution to ensure energy stability, although concerns about future profitability and the sustainability of coal-fired energy persist.

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