Chinese NEV Sales Power On in August
In news that will further encourage lithium and other metal suppliers, Chinese sales of NEVs hit an all-time high in August, even as sales of conventionally powered vehicles slowed slightly.
Read MoreIn news that will further encourage lithium and other metal suppliers, Chinese sales of NEVs hit an all-time high in August, even as sales of conventionally powered vehicles slowed slightly.
Read MoreInvestors should be watching events in the US railroad industry this week because there’s a growing chance of the first strike in decades which could send commodities prices surging.
Read MoreVale’s nickel and copper interests have long been in the shadow of the Brazilian mining giant’s dominant iron ore operations. The advent of the green metals boom may change that dynamic for good.
Read MoreWith the weakness in the Chinese economy confirmed this month by more poor data, the price of copper – a key indicator of China’s economic health – also continues to struggle.
Read MoreThe ending of the temporary cut to the fuel excise comes with global oil prices well below where they were when Treasurer Josh Frydenberg confirmed the cut in his final budget.
Read MoreWith energy prices soaring across Europe, the EU is looking for a plan to shift from its reliance on Russian gas – and the answer could lie on the border of Spain and Portugal.
Read MoreAny relief for consumers from the 25% fall in global oil prices since June was punctured by the OPEC+ decision on Monday to cut production by 100,000 barrels a day to bolster prices.
Read MoreThe global mining industry can breathe more easily for the time being after Chile decisively rejected a new constitution that a majority of voters had decided was too radical.
Read MoreCredit ratings agency Moody’s has cut its 12-month price outlook for key mining commodities, blaming the global economic slowdown and softening demand, especially from China and Europe.
Read MoreTwo major records in Australia’s mineral exploration data for the June quarter and 2021-22 financial year confirm that the resources boom in this country shows no sign of slowing.
Read MoreIn an undeniable paradox, the cheapness of its carbon-based energy is making America, the world’s most profligate carbon user, an increasingly attractive place to develop renewable energy sources.
Read MoreAsian and European gas prices hit a record high again on Friday driven by different factors, though with one common source – the continuing ripples from the Russian invasion of Ukraine.
Read MoreLNG prices in Asia have surged 50% so far this month, as China battled more problems with drought and European prices soared because of a looming shortage of supplies from Russia.
Read MorePlatinum’s Clay Smolinski discusses how, after an eight-year lull, the energy industry is seeing a large step-up in activity as countries seek to invest in and develop new sources of supply.
Read MoreDespite broad-based price weakness, last week was a big one for some of the commodities Australia is exporting every day – thermal and coking coal, liquified natural gas and some key metals.
Read MoreChile-based lithium miner SQM saw a near-tenfold rise in net profit for the June quarter, once again showing there’s huge money to be made, no matter the starting point or production method.
Read MoreGold and gold stocks are oversold, though small inflows into the gold bullion backed ETFs in the last days of July and early August may be signalling an end to persistent outflows.
Read MoreCommodities had a solid end to a positive week that saw the CRB Commodities Index rise 3.6% in just five days with oil, copper and silver leading the way, while iron ore continued to struggle.
Read MoreThose chasing rewards from renewables such as lithium aren’t quite sure what to make of the latest US legislation called The Inflation Reduction Act of 2022, other than to know it will be a game-changer.
Read MoreMagnis Energy Technologies Chairman Frank Poullas discusses the pathway to revenues and increasing capacity as the company’s battery giga-factory commences production.
Read MoreIn another bullish point for lithium, copper, nickel and all those other green metals, Chinese new electric vehicle sales (or NEVS, New Energy Vehicles) continued at high levels in July.
Read MoreGlobal business media outlets have woken up to the very bullish quarterly report issued last week by Albemarle that contained a stunning upgrade to its outlook for the year ahead.
Read MoreCommodity prices did a bit better on Friday and for the week, although once again oil saw a solid fall and petrol prices here in Australia are now well under $1.70 a litre.
Read MoreAnother major global company in the resource sector has benefited indirectly from the Ukraine invasion, albeit in a highly qualified way with both good and bad sides to the impact.
Read MoreFor the first time ever, the Australian Bureau of Statistics has broken out export data for lithium and revealed that it is really only an industry that started becoming significant this year.
Read MoreOil prices crashed more than 6% intraday on Wednesday in the wake of a small, 100,000 barrels a day rise in OPEC+’s global production cap.
Read MoreNickel still retains the affection of BHP which, three years after failing to sell its Nickel West business, now sees the metal as part of its future deeper involvement in renewables.
Read MoreA late bounce couldn’t stop July being a poor month for commodities across the board, with crude oil prices falling 6.75% and staples such as wheat and sugar also hit hard, although gas futures soared.
Read MoreGold prices continue to drift – down another $US40-50 an ounce since the end of June – and, while the big rate rises in June and July didn’t worry investors, nor did they inspire much confidence.
Read MoreHeading into the end of July, the prices of two major Australian exports – LNG and iron ore have seen a very sharp recovery this week.
Read MoreBHP’s decision to wind down its Mount Arthur coal mine rather than sell to a private buyer underlines how this strategy may beat divestment for real world carbon impact.
Read MoreThe optimism shown in Fortescue Metals’ 2022-23 forecasts flies in the face of the negative outlook US broker Goldman Sachs issued this week for the global iron ore market.
Read MoreRecently, Australian agriculture has been challenged by global bio-security threats, including the introduction of the varroa destructor mite from eastern honeybees typically from Asia.
Read MoreA big fortnight for the world’s energy majors as the likes of Exxon, Shell and BP report their June 30 quarterly figures, with the real possibility of record revenues, earnings and returns for shareholders.
Read MoreAfter several leaks to Bloomberg and other western agencies in recent months, news emerged this week of China’s plan to try and control the Australian iron ore industry with a centralised buying agency.
Read MoreJoe Foster from VanEck takes a look at the current state of the gold market, how the yellow metal has performed historically in times of rising rates and what’s in store this time around.
Read MoreBHP has made the strongest warning yet from a coal miner about the potential damage the lift in royalties from the Queensland government in its 2022-23 budget might cause.
Read MoreWhile meeting its record guidance for the full-year, BHP has joined its major iron ore rival Rio Tinto in warning investors about the uncertain outlook for the company and its commodities.
Read MoreDespite a solid month of crude steel output for China in June, iron ore prices have fallen to new seven-month lows, trading under the $US100 mark in Asian trading Monday afternoon.
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