Lynas Rare Earths reported Q4 FY 2024 gross sales revenue of $288.9 million, up 69.7% year on year, marking its highest quarterly revenue since Q4 FY 2022. The company said its average selling price hit a record $98.2 per kilogram, while NdPr output fell 11% to 1,857 tonnes as it works through bottlenecks at the Kalgoorlie facility. After the update, Lynas shares fell 5.8% on the day, underperforming the ASX 200, which was up 0.1% at the same time.

Raajmarg Infra, India’s first NHAI-sponsored listed InvIT, is considering a follow-on public offer (FPO) to widen retail participation and fund toll-road expansion. It has a Right of First Offer (ROFO) agreement with the National Highways Authority of India covering 1,500 km of future road assets to be transferred over the next three to five years. The InvIT has also said it aims to grow its initial portfolio through selective acquisitions of additional toll-road projects that meet its investment criteria.

S&P Global Ratings revised Freeport-McMoRan Inc.’s outlook to positive while affirming its 'BBB-' ratings, citing improved visibility around ownership and control of the Grasberg mine. The agency pointed to a memorandum of understanding with the Indonesian government that would extend the special mining license through the resource life and set Freeport’s ownership at about 37% starting in 2042. S&P said near-term operational constraints at Grasberg have delayed a full ramp-up to year-end 2027, but higher commodity price assumptions—$12,500/mt for copper for the remainder of 2026 through 2028—should help offset the disruption, according to S&P Global Ratings. The report also highlighted support from strong gold pricing and Freeport’s broader asset base, particularly in the Americas.

The yen fell through ¥163 against the dollar, marking its lowest level since 1986. Markets are focusing on signs that Japanese authorities may be less inclined to intervene, while expectations of fiscal stimulus and a wide Japan-U.S. rate gap—U.S. 3.5–3.75% versus Japan 1%—add to carry-trade pressure. Japan’s $73.6 billion intervention in April and May failed to reverse the slide, and many investors now see ¥165 as the next line for action, though no substantive intervention has appeared.

Capital One reported Q2 2026 results that exceeded expectations, posting $5.81 in adjusted EPS versus a $4.75 consensus and $15.85B in revenue versus a $15.77B estimate. The outperformance was fueled by stronger non-interest income linked to the Discover integration and by improved credit metrics. Net charge-offs declined in domestic card and consumer banking.

Beach Energy Ltd reported June-quarter production of 4.9 million barrels of oil equivalent (MMboe), up 1% from the prior quarter, on total revenue of $400 million. Sales revenue fell 5% from Q3 FY26 even as the average realised oil price rose 39% to $174 per barrel. Available liquidity stood at $983 million and net gearing was 10.6%. The company said it will release FY26 full-year results and FY27 guidance on 6 August 2026.

U.S. stocks closed higher on Tuesday, led by a 1.29% gain in the Nasdaq, while the S&P 500 rose 0.89% and the Dow added 0.74%. The Philadelphia SE Semiconductor Index jumped 5.2% for a second straight session, lifting chipmakers including SanDisk (+14.3%), Micron (+12.2%) and Western Digital (+12.5%). Attention is now turning to upcoming earnings from major tech names such as Alphabet, Intel and Texas Instruments.

Grupo Mexico reported second-quarter net profit of $2.20 billion, beating analysts’ $1.66 billion estimate as revenue rose 35% to $5.71 billion. Copper prices jumped 30.5% from a year earlier to $6.16 per pound, helping lift sales in its mining division by 41.3%. Copper output fell 3.7% to 257,537 metric tons, reflecting lower production in Peru and at its U.S. Asarco unit. The company kept its 2026 guidance of 1.034 million tons of copper and said Peru’s Tia Maria project was 42% complete, targeting start-up in the second half of the year.