Oil Price Jumps Despite Reserves Release
Oil prices bounced after the US government revealed plans for a co-ordinated release of oil – the first of its kind – from the reserves of some of the world’s major economies.
Read MoreOil prices bounced after the US government revealed plans for a co-ordinated release of oil – the first of its kind – from the reserves of some of the world’s major economies.
Read MoreA day after Chile’s inconclusive Presidential poll, Peru has elbowed its way to centre stage with a stance that, if not changed, could see mines in the country closed or forced to cut output.
Read MoreHigh oil prices are the cure for high oil prices. As T. Rowe Price’s Shinwoo Kim argues, the supply response should rebalance the market, returning prices closer to the incentive cost curve.
Read MoreTamboran Resources (ASX: TBN) has just been given a huge vote of confidence with one of the United States’ most successful shale gas investors investing A$20 million in the company.
Read MoreMore weeks of uncertainty in Chile, the world’s biggest copper producer and a major producer of lithium, as none of the candidates in Sunday’s presidential elections emerged with enough votes to win outright.
Read MoreBad news is piling up on oil markets and traders aren’t liking it, with prices dropping to six-week lows on Friday as the new Covid lockdowns in Europe sparked concerns about weaker demand.
Read MoreJust as some level of confidence was returning to the gold market, up went Covid infection rates, more lockdowns and protests across Europe, in Australia and parts of the US.
Read MoreAre we set for years and years of ever-rising demand for key metals like lithium, nickel, copper, cobalt, the PGE elements and aluminium? Here we present two somewhat opposing arguments on the matter.
Read MorePlenty of countries are hyping “Green” Hydrogen as a key pathway to net-zero emissions. But for that to happen, Magellan’s Michael Collins argues, a cost disadvantage needs to be overcome first.
Read MoreIn this report, Corporate Connect analyst Lawrence Grech looks at how changing dynamics to the vanadium industry are making it a new critical ingredient for the global energy transition.
Read MoreMoody’s ratings agency likes Newcrest’s $3.7 billion move to expand its Canadian gold mine portfolio with Pretivm Resources, despite it involving the company taking on more debt.
Read MoreWe got a clear sign on Tuesday that OzMin has a prospect in WA that could soon end up as a third mine for the company, along with its Prominent Hill and Carapateena operations in SA.
Read MoreBuried in China’s weak production figures on Monday was more good news for those enthusiastic about green metals like lithium as Chinese buyers again grabbed as many EVs as they could.
Read MoreAnother week of generally directionless trading for global commodities markets as gold starred, oil didn’t, iron ore continued to slide, silver did well, copper gained and wheat stood out.
Read MoreAs this week’s $3.7 billion takeover of Canadian gold miner Pretium by Newcrest (supported by a couple of smaller takeovers in Australia and small, new mine decisions) shows, there is still a lot of interest in gold.
Read MoreAs 2022 approaches, S&P Global remains mostly upbeat about the outlook for minerals, even though the firm sees a slowing in economic growth in many major economies such as China.
Read MoreShareCafe’s Tim McGowen speaks with TerraCom’s executive chairman Craig Ransley about their debt refinancing, South African mines and its Queensland cash cow Blair Athol.
Read MoreGold miner Newcrest has struck a $US2.8 billion ($A3.7 billion) deal to acquire Toronto-listed rival miner Pretivm Resources, marking a significant step in the company’s expansion plans.
Read MoreChalice Mining has confirmed the promise of its Julimar project as a massive find potentially worth billions of dollars in future income and revenue for the company and the country.
Read MoreAllegiance Coal (ASX:AHQ), whose investment focus is on advanced, near production, or producing steelmaking coal projects in countries with low political risk, has announced an expansion to its US operations.
Read MoreShares in Stanmore Resources soared as much as 24% on Monday and closed up 14% after announcing a deal to buy low grade metallurgical coal assets from BHP for $A1.8 billion.
Read MoreA mixed bag for commodities last week as gold rose to a two-month high, oil recovered but still showed a net loss, copper marked time, iron ore plunged and silver enjoyed a small gain.
Read MoreThe transition to renewable energy sources is on in earnest, a trend expected to accelerate in the oncoming years. So what does this mean for the prices of traditional energy-based commodities in 2022?
Read MoreCorporate Connect analyst Lara Smith has released an updated research report on Australian exploration and production company Calima Energy (ASX: CE1), increasing the 12-month price target to $0.71 per share.
Read MoreRising prices due to demand outstripping the availability of the necessary raw materials are but one challenge forcing those in the lithium and electric vehicle space to get creative, inventive and aggressive.
Read MoreIndifference seems to be the best way to characterise the gold market at the moment – investors still like the metal for its promise, but don’t want to hold as much as they previously did, especially in 2020.
Read MoreTwo news bites overnight Thursday – one a big surprise with the Bank of England not lifting interest rates, and the OPEC+ group adding 400,000 barrels a day to global production as expected.
Read MoreCrude oil futures led commodities lower on Wednesday as the latest figures on US production and stocks surprised on the downside and reports emerged of potential nuclear talks with Iran.
Read MoreGlobal iron ore prices fell to their lowest level since February, 2020, placing increasing pressure on the revenue and earnings of the industry majors, as well as at the governmental level.
Read MoreBrazilian mining giant Vale has sprung a major surprise by writing down the “full value” of its coal mining interests to leave it on the verge of ending its involvement with coal completely.
Read MoreProblems at both its Tanami and Boddington mines meant Australia was the major weak point in the three months to September for Newmont, the world’s top gold producer.
Read MoreFortescue Metals Chairman Twiggy Forrest is continuing his global Green Hydrogen tour with news on Monday of a potential $US8.4 billion green hydrogen deal in Argentina.
Read MoreEven with a late slide on the back of cagey commentary from the Chinese government about rising coal prices, October turned out to be a solid recovery month for most commodities.
Read MoreOctober is doling out a bit of a late whack to the already embattled iron ore sector in Australia, as a surprise new round of pollution cuts in China’s major steelmaking centre has sent global prices down by 7% to 10%.
Read MoreNewcrest says it produced less gold, copper and silver during its first fiscal quarter because of mostly planned maintenance and upgrade work, but expects output to improve this quarter.
Read MoreInvestors missed the important news of a sharp fall in average prices buried in the Fortescue quarterly report, focusing instead on the headline of record exports of 45.6 million tonnes for the period.
Read MoreCanadian miner Teck Resources has given us a good idea of the bonanza September is turning out to be for some lucky mining companies and that October won’t be far behind.
Read MoreGold Road Resources and Goldfields have revealed ambitious plans to extend the life of their Gruyere gold mine in WA, making it one of the deepest open cut gold mines in Australia.
Read MorePlenty of news from the resources sector on Tuesday, here are the details of key announcements made by Gold Road Resources, Mineral Resources, Pilbara Minerals and Oil Search.
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