Corporate Connect analyst Lawrence Grech presents the ShareCafe Chart of the Week. China’s coal industry policy will likely see periodic tightening and loosening of import controls. Just like cyclones, fires, and the odd-GFC – producers and investors just need to adapt to it.
Read More
A remarkable 31% lift in iron ore fines production by Vale, the huge Brazilian miner, has signalled what could be the start of a downturn in global iron ore prices in 2021. In fact, if Vale continues boosting supply this quarter, pressure on prices will emerge in November and December.
Read More
Revenue shock continues for Woodside as lower oil and LNG prices carve hundreds of millions from its top line.
Read More
Copper continues to defy the demand-draining impact of COVID and is instead reacting to China’s continuing buying surge for both processed metal and concentrates.
Read More
BHP says it has made a solid start to 2020-21 with a solid lift in iron ore production in the September quarter and sales of 73.5 million tonnes at a time when the price remained above $US120 a tonne for 62% Fe fines delivered to northern China.
Read More
Mining giant BHP has shelved long-held plans for a $3.5 billion expansion of its Olympic Dam mine in South Australia because of the improving outlook for the recently discovered Oak Dam copper and gold deposit nearby in outback South Australia.
Read MoreLike its monthly import data for iron ore, China’s crude steel production figures hold the greatest interest for Australian investors and September was no different with a solid performance.
Read More
Delays stemming from the pandemic amid ebbing demand conditions confront Rio Tinto, while there is also work to do to improve perceptions about its cultural sensitivity.
Read More
Centaurus Metals – (ASX: CTM, Share Price: $0.635, Market Cap: $223m, coverage initiated @ $0.135 in May 2017 – current gain of 370%).
Read More
China’s commodity imports remained solid in September China’s imports of major commodities including iron ore, copper, oil and soybeans rose in September from August.
Read More
China’s voracious appetite for iron ore continued in September, even though Australian exports fell for the month.
Read More
Newcrest Mining will move to expand Cadia and upgrade recoveries at Lihir, both of which should underpin long-term production for Australia’s bellwether gold stock.
Read More
The boom in gold prices has seen the country’s biggest miner, Newcrest up its investments in its two major mines to eke out small, but important gains in gold and copper output.
Read More
Activity in US oil-producing regions is slowly rebounding. Services group Baker Hughes on Friday, reported a third straight weekly increase in the number of oil rigs in active use – a rise of 4 to 193. Meanwhile, Comex gold futures ended at a three-week high on Friday above $US1,900 an ounce as the US dollar lost ground.
Read MoreAt a time when it is seeking to exit its thermal coal and some of its LNG interests, BHP is increasing its bet on the future of oil, paying $700 million to lift its stake in a large oil and gas field in the Gulf of Mexico.
Read MoreIs it a good idea to merge at the height of a price boom for your one and only product – such as gold? Some analysts would see yes because that allows shareholders in the merging companies to maximise their returns. So then what will be the fate of the planned $4.1 billion, mostly paper merger between Saracen and Northern Star?
Read MoreBrazilian iron ore exports surged in September, rising for the first time this year from the year-ago level and hitting their highest monthly total for nearly five years.
Read More
AWV’s share price has suffered due to a prolonged period of inactivity, so we welcome the renewed focus on its Big Springs project in Nevada, prompted by the strong recent price performance of gold. The prospect of commercialising Big Springs is better than it has been for several years.
Read More
Just as Wednesday’s 5% jump in iron ore prices surprised commodity investors, especially in Australia, how will they view a sharp fall in copper on Thursday that came out of the blue?
Read More
Senex Energy is forging ahead with its gas expansion in Queensland, acquiring new acreage to enable a doubling of capacity from that previously outlined at the FY20 results. Is capital management next?
Read More
Santos shares fell yesterday in the wider market slide, despite its controversial northern NSW gas project moving one step closer. The NSW Independent Planning Commission announced that it had given “phased approval” for Santos’ $3.6 billion Narrabri gas project in the northeast of the state.
Read More
Weaker prices for iron ore and LNG will be the major drivers of a sharp fall in the value of Australian resource exports in 20120-21. According to the forecasts from the chief economist of the Federal Department of Industry, the value of resource exports will be $34 billion down on the record $290.4 billion exported in 2019-20.
Read More
An innovative, high-yielding ASX-listed note will be at the centrepiece of a capital raising and debt refinancing being conducted by aspiring diversified miner, TerraCom Limited, the combination of which will fund an expansion into a bauxite project in the West African nation of Guinea.
Read More
Liontown Resources – (ASX: LTR, Share Price: $0.19, Market Cap: $336m – coverage initiated @ $0.025 in February 2019 – current gain of 680%)
Read More
Oil dipped on Friday, falling more than 2% on the week as COVID-19 cases surged globally and all those thoughts about an improving oil supply position evaporated.
Read More
Gold suffered its worst week in six months last week after futures ended with a loss on Friday, helped by a strong week for the US dollar.
Read MoreSilver and copper appear on an upward trajectory and remain highly leveraged to a Biden or Trump infrastructure push. Clearly, copper with all its green energy applications will be more in demand under Biden’s plan.
Read More
No final dividend from thermal coal miner and exporter, New Hope after the company incurred second-half losses for 2010-20 from the slump in demand for power energy type coals due to the COVID-19 pandemic hitting economic activity across the globe, especially in Asia.
Read More
By monitoring and comparing steel prices in China and the US, Corporate Connect analyst Lawrence Grech has identified some key commodity and currency trends during this period of heightened uncertainty.
Read More
Oil bounced back strongly from the previous week’s losses. Both West Texas Intermediate and Brent crudes saw gains around 10% for their biggest weekly gains since June. Driving the rise was the confident talk from OPEC about compliance with its 7.7 million barrels a day production cut.
Read MoreIron ore steadied, gold rose slightly, silver was up, oil jumped and copper ended up being the star commodity last week. Copper futures quietly grabbed the limelight with Comex futures hitting levels not seen since June 2018.
Read More
The most recent and final results from the company’s 2020 resource definition drilling campaign at the Seko prospect have been highly successful in extending the strike length of the SK1 North – Koko trend to 3km. At the same time, the trend remains only partially tested along strike and remains open at depth.
Read More
The Nasdaq again hit a -10% correction from its highs last night before a slight bounce to the close. Dow down -130.
Read More
Thanks to the high global gold prices, another Australian miner has joined the list of companies with a dividend-paying purpose in mind.
Read More
The influential International Energy Agency (IEA) has joined the likes of OPEC and BP in cutting their outlook for oil. The IEA’s forecast for the rest of this year was even more negative than it was in August.
Read More
The last batch of economic data from China for August was better than expected (see separate story) but a standout was the continuing boom in crude steel output – something few analysts were expecting at the start of the year and certainly none forecast when the COVID-19 pandemic hit in February and March.
Read More
The boomlet in iron ore prices shows no sign of flagging, thanks once again to the solid Chinese economy, but while Wall Street ended with a good gain and gold and other metals rose, oil continued to weaken.
Read MoreBP reckons growth in energy demand is over and from now on fossil fuel consumption is set to shrink for the first time in modern history thanks to a combination of the rapid uptake of renewables such as solar and the lasting scars of the COVID-19 pandemic on economic activity around the world.
Read MoreCorporate Connect analyst Lawrence Grech presents the ShareCafe chart of the week. The last decade’s unchecked rise in the US market share of global oil and liquids may have come to an end.
Read More
Gold ended higher for the week on Friday despite a drop in prices thanks to the stronger US dollar, iron ore prices rose Friday to end the week at $US128.37 for 62% Fe fines delivered to northern China while the great boom in US lumber (timber) prices continues.
Read More
