Gold Whacked on Fed Comments
Despite forecasts that demand for gold from jewellers and central banks will recover in 2021, traders weren’t listening on Wednesday in the wake of the Fed’s new inflation forecasts.
Read MoreDespite forecasts that demand for gold from jewellers and central banks will recover in 2021, traders weren’t listening on Wednesday in the wake of the Fed’s new inflation forecasts.
Read MoreFor the second month in a row, China’s crude steel output hit a monthly high in May as producers shrugged off record iron ore prices and attempts by the government to limit production and emissions.
Read MoreWith inflation a credible risk for the first time in three decades, VanEck’s Joe Foster has a look into what this might mean for the yellow metal over the rest of 2021 and beyond.
Read MoreThose in the markets with short memories have started talking about the possibility of ‘oil at $US100 a barrel’ as prices continue to rise past $US70 a barrel mark.
Read MoreThe prospects of BHP’s huge Chilean copper mining and processing business being hit with a damaging series of strikes has been averted after last minute deals with its unions.
Read MoreAustralia’s iron ore exports to China from Port Hedland hit their highest level in 11 months in May despite Chinese attempts to undermine trade and suppress prices.
Read MoreShell has thrown down the gauntlet to all who predicted the company’s loss in a Dutch court last month on its pace of emission reduction would not matter and would be overturned on appeal.
Read MoreThe US Energy Information Agency said in its June report on Tuesday that it sees more production in 2022 – a situation that could pressure prices.
Read MoreSupply pressures are continuing in the global iron ore market, undermining the strident campaign from the Chinese government to put a lid on prices. Most other commodities ended the week with solid gains.
Read MoreAnalyst Lawrence Grech gives us an in-depth look at the current state of the oil and gas market from both a fundamental and technical perspective.
Read MoreGuarded optimism about future strength in the nickel price from Fitch Solutions, which said this week it expects prices to continue rising slowly as the world supply deficit continues.
Read MoreIt is becoming clearer that the shock win by an activist investor on the board of Exxon Mobil has seen highly experienced people take control of the world’s biggest non-government oil group.
Read MoreThe impact of the shock win by an activist investor’s assault on the board of Exxon Mobil – the world’s biggest non-government oil group – has grown with a decisive result in the count for a third director nominee.
Read MoreReports that authorities in Tangshan are talking about relaxing tough rules brought in last April to cut pollution and smog emissions have sent iron ore prices soaring for a second day.
Read MoreFidelity’s Tom Stevenson is back with his regular column to look at what’s happening with China’s recent clampdown on alleged speculation, fake news and hoarding in the commodities markets.
Read MoreWorld oil prices rose to two-year highs on Tuesday after OPEC and a group of allies resisted pressure to accelerate the pace of the reduction in the size of its production cap.
Read MoreThe West Australian government is making sure that the booming iron ore sector pays its share of royalties and taxes, which means the likes of Fortescue and BHP will be forking out more in coming years.
Read MoreTal Lomnitzer, Senior Investment Manager in the Global Natural Resources team at Janus Henderson, explains why copper has been hitting all-time highs and discusses its implications and outlook.
Read MoreIron ore prices ended May on a high with the 62% benchmark fines product from Australian producers back near $US200 a tonne, but still off sharply from the all time highs reached on May 12.
Read MoreA big week for markets and investors – although trading will be shortened because of the US Memorial Day holiday today – that should give us a good idea how the world economy is travelling and where it is heading.
Read MoreA mixed end to May: for most of the world’s biggest and most important markets, today’s Memorial Day holiday in the US (and one in the UK as well) means Friday was the final session for the month.
Read MoreA strike by 205 workers employed by BHP at two of its big mines in Chile has pushed the price of copper back over $US10,000 a tonne.
Read MoreTwo separate events on Wednesday – one in a courtroom in the Netherlands, the other at the Exxon Mobil annual meeting in Texas – have stunned global business, especially the oil industry.
Read MoreCopper prices continue to slide despite the threat of strike action at two of the world’s biggest copper mines – both owned by BHP – in Chile.
Read MoreNorthern Star revealed this week that Michael Chaney, the current chair of Wesfarmers and the most powerful business leader in WA, will replace Bill Beament on July 1.
Read MoreThe slide in global iron ore prices continued on Monday, taking the key steelmaking commodity deeper into correction territory and into a bear market in the case of the lower quality 58% Fe fines produced by Fortescue Metals.
Read MoreThere will be some low-level economic data releases and central bank decisions this week, while in Australia it’s the start of the lead up to the release of the March quarter National Accounts and GDP figures.
Read MoreChina whacked cryptocurrencies hard again on Friday, but this time the comments were aimed at sector leader Bitcoin and the risks it and its competitors pose to the country’s financial stability.
Read MoreIron ore fell sharply again on Friday, pushing prices into correction territory, and other majors were weaker as well with the exception of gold, which rose 2% for the week.
Read MoreAustralia will lose share to Brazil in the global iron ore market over the next five years because of the latter’s high grade reserves and exports, according to a new report from Fitch Solutions.
Read MoreWhile meat and cattle sales were lower at Australian Agriculture Co in 2020-21, the beef giant still managed to boost its profit as the price for Wagyu beef rose.
Read MoreJoe Foster from VanEck Investments digs deep into the current elements at play in the gold space and how they have spilled over into other mining and resource sectors.
Read MoreCopper prices fell more than 3% on Wednesday after China said it will strengthen its management of commodity supply and demand and crack down on any “unreasonable” increases in prices.
Read MoreSome balance sheet and operational house cleaning yesterday from Woodside Petroleum and gold miner St Barbara Mining, while South32 had a promising update for shareholders.
Read MoreDespite the government’s moves to curb annual production to reduce pollution and capacity and surging iron ore prices, China’s crude steel output hit an all-time high in April.
Read MoreIron ore exports to China through Port Hedland in 2021 are well behind those for the same period of 2020, although there has been a slight jump in shipments to Japan and South Korea.
Read MoreIron ore prices collapsed by more than 13% last Friday, effectively choking the 2021 surge and setting up a slide that will take prices much lower before it ends.
Read MoreWith so much going on in iron ore markets around the world and so many elements in play at the production level, we thought a thorough overview was in order to get our readers up to speed.
Read MoreThe end of the drought and a record grain harvest boosted first-half revenue and earnings for GrainCorp, which in turn saw the company’s shares hit their highest level in 8 years.
Read MoreUS consumer price inflation rose faster than forecast in April, and looks like continuing to surprise on the upside for the next couple of months at least on the back of soaring gas prices.
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