• ASX 200 Index continues its winning streak that began on March 15.
• Australian equity market gains grounds despite a lower Wall Street overnight.
• Adam Neumann made a bid to acquire the bankrupt WeWork for more than $500 million.

The ASX 200 Index recovers its intraday losses and continues its winning streak following the Westpac Consumer Confidence data from Australia, which fell 1.8% to 84.4 in March 2024 from 86.0 in February, easing from 20-month highs. On Tuesday, the index trades higher around 7,800, up by 0.25%, at the time of writing. However, Wall Street experienced a modest weakness overnight.

Today sees a significant drop in the A-VIX, plummeting 2.26% to 10.82. The All Ords is down by 0.25% at 8,051. Among the top performers within the ASX 200 Index, Elders surged by 5.04% to 9.38; Beach Energy rose by 4.61% to 1.82; and Premier Investments climbed by 2.99% to 31.56. The bottom performing stocks are Atlas Arteria dipped by 0.49% to 5.12; Arcadium Lithium experienced a 4.99% decline to 4.19; and Idp Education dropped by 3.51% to 17.46.

The Chamber of Commerce suggests that lifting the uranium mining ban in Western Australia (WA) could lead to a yearly economic boost of $1 billion and the creation of 9,000 jobs. A report by the Chamber of Commerce and Industry of Western Australia (CCIWA) echoes the call by the Liberal party for a change in attitude towards uranium mining in WA.

Lithium Universe has completed a study aimed at identifying a suitable port location for importing spodumene to its proposed Bécancour lithium refinery in Canada. The company concluded that the optimal port would be located in Bécancour, approximately 2.5 kilometers from the refinery site in Québec.

Mitre Mining has made significant discoveries at the Cristal target within its newly-acquired Cerro Bayo project in Chile, uncovering outcropping silver-gold vein extensions boasting impressive grades of up to 32,849 grams per tonne of silver and 298.6 grams per tonne of gold