Commodities Corner: Oil by Itself
The rout across most commodity markets continues – only oil has proven to be resistant to the growing belief that recessions stalk the major global economies, especially China and America.
Read MoreThe rout across most commodity markets continues – only oil has proven to be resistant to the growing belief that recessions stalk the major global economies, especially China and America.
Read MoreRio Tinto is maintaining full year guidance for its iron ore production and exports after a solid June quarter performance but it is facing a sharp fall in earnings as iron ore prices remain under pressure.
Read MoreCommodities took another beating Tuesday, strangled by a higher US dollar and growing demand fears, especially in China where Covid is forcing mass testing once again across major cities.
Read MoreA crucial period ahead for gold, after the short-term situation soured somewhat last week as the metal dipped under the important $US1,800 an ounce level and kept falling.
Read MoreWhile the outlook for gold isn’t as buoyant as in post-Covid 2020, nor is it as dire as some would suggest, with local gold production expected to rise faster than prices weaken over the next couple of years.
Read MoreIf the June Resources Quarterly from the Federal Government is to be believed, there are clear signs the Australian lithium industry is heading for a sharp rise up the value adding processing chain.
Read MoreJapan’s Ambassador to Australia Shingo Yamagami has criticised the new Queensland coal royalty rises and the way the government went about changing the tax regime.
Read MoreThe selloff in commodities slowed Wednesday, but gold continued to slide, as did oil. Wall Street shares rose, though, as did the US Dollar.
Read MoreAs Irene Lauro from Schroders writes, while short-term transition plans may be in jeopardy the continent is taking steps to accelerate renewable energy production over the medium-term.
Read MoreWeather, Covid, geopolitical concerns, supply chain obstacles, inflation and rising costs are just some of the challenges facing Australia’s vast mining and resource sector.
Read MoreIn the strongest counterargument yet to Goldman Sachs’ gloomy outlook, the Federal Department of Industry sees a substantial lift in forecast lithium exports over the next three years.
Read MoreNews from Chile regarding plans for higher taxes on major miners capped off a miserable three months for copper that has seen it fall nearly 30% since hitting an all-time high in March.
Read MoreThe price of iron ore has decreased to its lowest point since last December, as concerns regarding an oversupply of the commodity in China create stress within the market.
Read MoreDespite Goldman Sachs’ gloomy forecast for lithium prices, US major Albemarle is looking to build a huge US processing plant to keep up with expected demand for the metal.
Read MoreDespite the new royalty structures introduced in Queensland last week, coal miners with well managed operations are still likely to obtain profitability for the foreseeable future.
Read MoreCommodities are now reacting to the fear that central banks may be tightening too quickly, raising the chances of a slowdown or recession which would in turn cut demand for them.
Read MoreThe past week has seen the Australian gold sector spring a leak, with three good producers revealing unexpected operational problems, catching investors on the hop.
Read MoreCommodities sold off for another session Thursday, with copper leading prices lower with a standout fall of its own.
Read MoreCommodity prices slid sharply Wednesday, with oil, copper and iron ore down amid renewed worries about growth and especially the health of the Chinese economy.
Read MoreAmid the short-term weakness in the BHP share price, the company’s huge Jansen potash project in central Canada is becoming ever more integral to its future plans.
Read MoreWhile most attention last week was on the big falls in equity markets, commodity prices also saw a real shakeout, with oil, copper, silver, iron ore leading prices sharply lower.
Read MoreSurprisingly, given the negative impact of the Covid lockdowns on car production during the same period, Chinese steel production ran at well over 90 million tonnes in both April and May.
Read MoreUK group Benchmark Mineral Intelligence has offered a fairly strong counterargument to Goldman Sachs’ claim in late May of a looming oversupply that would end the current lithium boom.
Read MoreWith energy prices rampant, Australia finds itself in a unique position – shift to cleaner, renewable energy, or support the use of traditional coal power stations to combat this crisis.
Read MoreCommodity prices continue to be both held hostage by and one of the prime causes of the current economic forces at play that are wreaking so much havoc upon markets and economies.
Read MoreLocal regulators have ignored the opportunity to use Australia’s leading position in key battery minerals such as lithium, nickel and cobalt to set up a futures market in index form.
Read MoreLithium hopeful Liontown Resources has finally wrapped up a sales deal to sell spodumene concentrate to electric vehicle giant Tesla, a week after it was supposed to be finalised.
Read MoreShares in Cooper Energy rose more than 7% yesterday after its second upgrade in three weeks, thanks to surging demand for gas and especially robust prices in NSW and Victoria.
Read MoreIron ore prices returned to prominence in the minds of investors with a solid rise on the re-opening of Shanghai and moves by the Chinese government to detail a series of stimulus measures.
Read MoreOPEC+ on Thursday agreed to accelerate oil production in July and August, as Saudi Arabia bowed to US pressure to cool a crude price rally that has threatened to stall the global economy.
Read MoreOil prices dipped on Thursday after media reports said Saudi Arabia would raise oil production should Russia’s output fall substantially under the weight of western sanctions.
Read MoreAt the end of a busy few days for the lithium space, FNN’s Tim McGowen takes a look at the various factors currently at play and what they might mean for the sector moving forward.
Read MoreShares in local metals stocks were hit hard in Wednesday trade thanks in part to a bearish report from Goldman Sachs on the price prospects of key EV battery components.
Read MoreThe second major takeover in the gold industry in a year will see South African miner Gold Fields buy Canada’s Yamana Gold to create the world’s fourth largest gold producer.
Read MoreAs one month rolls into the next, here’s a look at how the various global commodities and markets fared in May.
Read MoreThe abandonment of its split proposal may mean AGL ends up accelerating the switch to greater use of renewables and gas much more quickly than previously thought.
Read MoreOil continues to be at the forefront of commodity market activity as the northern hemisphere heads into summer and the peak time for petrol usage with gas prices still on the march.
Read More2022 is an important year for the Beetaloo Basin that will help define the commercial parameters of development in the area. With the half-year fast approaching, here is an overview of what’s been happening.
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