Five Lessons on Gold from the Pandemic
Kanish Chugh from ETF Securities runs through 5 things the past 12 months and the pandemic in particular have taught us about gold.
Read MoreCommodities
Orocobre, Galaxy to Join Forces
Australian lithium producers Orocobre and Galaxy Resources will merge in an all-paper $4 billion transaction to create what they claim will be the 5th largest producer of the key commodity.
Read MoreCommodities Corner: Strong Week Across the Board
Optimism all around for commodities as they closed the week with good gains, thanks in a large part to a weakening dollar.
Read MoreOre Restrictions Do Little to Slow Chinese Steel Output
Amid rising government pressure to curb pollution, China’s crude steel output surged in March and the first three months of the year from the Covid-hit first quarter of 2020.
Read MoreWhitehaven No Haven At All
Shares in Whitehaven Coal slumped more than 14% on Thursday after it revealed another downgrade to its sales estimates for the year to June 30.
Read MoreIEA Rolls out the Barrels
The rebounding global economy – led by China and the US – has seen the International Energy Agency (IEA) lift its 2021 demand forecast.
Read MoreChina a Commodities Gobbledok
Trade data for March confirmed China’s appetite for raw materials as the country once again spent heavily with inbound shipments of most major commodities surging in volume and value.
Read MoreReturn of Resolute Lease Comes with a Rider
Gold miner Resolute has regained its Bibiani gold mining lease in Ghana but the government has retained control over who can buy it, putting the kibosh on a potential sale.
Read MoreOz Ore Exports Continue to Lose Ground to Brazil
Australian iron ore exports are showing more signs of having plateaued in 2021 while shipments from our major competitor Brazil are surging with prices hitting record highs.
Read MoreCommodities Corner: BHP, Vale Playing One Almighty Game of Chicken
BHP and Vale have called the bluff of hedge funds and other distressed debt investors trying to hold them to ransom over their joint venture Brazilian pellet maker, Samarco Mineracao.
Read MoreMonday Market Minutes: Modest Consolidation Expected
The ASX is looking at a modest rise today after Wall Street ended a solid week on a high, with the local futures market up 6 points at the close on Friday.
Read MoreAustralia Pivots to ‘First-Call’ Global Mineral Supplier Status
In light of the vital role mining plays within the economy, the government recently detailed plans for Australia to become a leading global supplier of resources services over the next decade.
Read MoreVale Announces $US5bn Share Buyback
Brazilian base metals group Vale has just revealed a $US5 billion share buyback over the next 12 months at a time when production and exports of iron ore, copper and nickel are rebounding solidly.
Read MoreBrazilian Ore Miners Reaping the Rewards
Exports of iron ore from Brazil are surging as the crackdown on pollution in steelmaking cities forces Chinese steel mills to buy higher grade Brazilian product.
Read MoreThe Next Golden Opportunity
Gold stocks have underperformed other asset classes since the start of the year, weighed down by elevated US Treasury yields and a stronger dollar. VanEck Investments with more.
Read MoreCommodities Corner: Ore Story Continues to Play Out
Global iron ore and Chinese steel prices are set for a shaking over the next month as the government kicks off a surprise inspection of steelmaking facilities that will check companies’ adherence to pollution control measures agreed to as far ago as 2015.
Read MoreOil Markets Set for Turbulent Month
Despite the easing of the OPEC+ group’s production cap late last week, global oil markets will continue to be all over the place this month as they react to a raft of factors.
Read MoreA Forgettable Quarter for Iron Ore
Iron ore lost ground and strength in March and in the first quarter as Chinese steel mills chased higher quality ore from Brazil in preference to their usual target of 62% Fe fines from the Pilbara region of Australia.
Read MoreGold Slumps on Rising Bond Yields
Gold prices took a big hit Tuesday in the wake of a sudden surge in US bond yields, losing 1.8% as it pushed through the $US1,700 an ounce level to settle at $US1,683.90.
Read MoreEver Given: Oil’s Well that Ends Well
With the Suez Canal freed up and shipping returning to normal, oil traders are now watching the next OPEC plus meeting on Thursday evening, Sydney time to see what happens to oil prices.
Read MoreCommodities Corner: Canal Cropper Causes Chaos
The debacle in the Suez Canal dominated commodity markets last week and will do so this week as oil prices kicked higher again on Friday, copper and gold rose, as did iron ore.
Read MoreChina Ore Bust? – The Sequel
Our story earlier in the week about the potential impact on iron ore prices and exports to China of the smog-related regulations introduced in Tangshan struck a nerve among our readership. We thought a follow-up was necessary.
Read MoreResolute Mining Loses Key African Lease
Shares in Resolute Mining, the African-focused gold producer, fell out of bed yesterday when the company revealed it had lost a gold mining lease in the West African country of Ghana.
Read MoreTough Times in Coal Town
Trouble abounds for a number of NSW’s major coal players thanks to COVID-related price action, questionable behaviour on the part of former executives, and good old Mother Nature.
Read MoreThe Commodities Super Cycle: Is it time to follow the trend?
Should commodity markets continue to move up and central banks realise their objective of higher inflation, a trend-following strategy that takes positions in all asset classes may be worth consideration.
Read MoreOre Prices Fall on Pollution Crackdown
The 2021 boom in iron ore has been popped with the price of the most popular type – 62% Fe fines – dropping into negative territory for the first time this year on Monday.
Read MoreCommodities Corner: China Ore Bust?
Investors will be watching the news of a potential slashing in Chinese crude steel production and demand for iron ore after tough rules on pollution control were announced in Tangshan.
Read MoreRio Ahead of the Curve on Climate Change
Did Rio Tinto spot this major change coming from the SEC that will force every energy company in the world to take climate change issues far more seriously?
Read MoreTumultuous Session for Energy Markets
The boom in oil prices came to a crashing end on Thursday with futures down 7% as traders realised that Covid’s resurgence in parts of Europe would be negative for demand.
Read MoreBattle North Accepts the Theory of Evolution
Gold miner Evolution is expanding its involvement in the Canadian mining industry with a second deal in less than two years, the purchase of Canadian group Battle North.
Read MoreCommodities Corner: From Pillar to Post
Commodities face another buffeting this week with the US Federal Reserve meeting, statement and forecasts very likely to send prices in all directions.
Read MoreCrude Shock Awaits the Commodity We Love to Hate
Dwindling appetite for exploration, a pandemic-driven drop in global demand, and US shale operators seemingly running out of puff, have all coalesced to make the ‘perfect storm’ of higher prices and limited supply that is brewing for OPEC.
Read MorePort Hedland Export Figures Key Pointers for Ore Direction
It will pay to keep an eye on the Port Hedland iron ore export figures when they are released over the next couple of months after February saw another dip in shipments to China.
Read MoreRed Chris Good as Gold for Newcrest
Newcrest seems to have found a whole new area of interest at its 70% owned Red Chris gold and copper mine in British Columbia in Western Canada.
Read MoreNewmont Moves on Tatogga with $A400m+ Bid
Newmont, the world’s biggest miner, has lifted its interest in Canada’s Red Chris region with a $A400 million plus takeover announced on Wednesday.
Read MoreChinese Imports Cool, but Only Marginally
China’s major commodity imports held up well in January and February despite some cooling in activity in both manufacturing services.
Read MoreMaterial Matters: Nickel, Bulks, Oil, Gold
Tsingshan’s battery contract triggers nickel over-supply concern. Major steel production cuts mooted. Is an oil price consolidation period due? Bulks well supported, demand cooling for base metals. Gold loses appeal.
Read MoreCommodities Corner: Oil Pops, Gold Drops
Oil prices jumped sharply for a second day in a row on Friday, hitting their highest levels in more than a year, while gold finished the week under $US1,700 an ounce and at a 9-month low.
Read MoreBrazilian Lockdowns Send Ore Prices to Record Highs
A new 15-day lockdown in one of Brazil’s two main iron ore regions sent the price of high-quality ore surging to record highs on Thursday.
Read MoreWelcome to the Energy Revolution
2020 will likely be pinpointed as the year where the groundswell of public demand, technological advancements and economic pressures culminated to reshape the global energy supply paradigm.
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