Oz Mining Giants Under Siege
Future earnings for Australia’s copper giants – BHP and Rio Tinto – are being threatened on several fronts as world prices hit new all-time highs.
Read MoreFuture earnings for Australia’s copper giants – BHP and Rio Tinto – are being threatened on several fronts as world prices hit new all-time highs.
Read MoreChina’s commodity futures exchanges have confirmed moves to raise trading limits and margin requirements for some contracts as the surging rally in the ferrous metals complex continues.
Read MoreGlobal iron ore prices soared in panic-like dealings on Monday, hitting new all-time highs for the third day in a row in a rally that has all the hallmarks of good old FOMO.
Read MoreResource stocks surged on the ASX in Monday trading with some of the majors and the broader market reaching new highs thanks to record iron ore and copper prices.
Read MoreCorporate Connect analyst Lawrence Grech provides an update on the market in lithium and other battery materials, as well as what’s being done to address the current microchip shortage.
Read MoreCopper and iron ore hit new all-time highs on Friday as demand for both commodities continued to surge, especially from China, with other commodities being dragged along for the ride.
Read MoreWeak headline figures in the face of continued strength in underlying trends are making the Chinese economy tough to get a good read on at the moment.
Read MoreTim Boreham has a look at Australian oil and gas developer Calima Energy (ASX: CE1) after its acquisition of Canadian producer Blackspur Oil and recent capital raising.
Read MoreIron ore prices hit new record highs on Thursday as prices for 62% Fe fines delivered to northern China topped $US200 a tonne for the first time.
Read MoreCalima Energy (ASX: CE1) has re-listed this week post the transformational acquisition of Canadian producer Blackspur Oil and a $37.9m capital raising from institutional and retail investors.
Read MoreAustralia is deep into a commodity price supercycle thanks to continued strength in the prices of iron ore, oil and LNG, copper, and other key rural commodities.
Read MoreApril was a very good month for commodities, even though the final day of the period – Friday, April 30 – wasn’t so good with small falls across the board. Once again, iron ore starred.
Read MoreDemand for gold vanished in the three months to March, especially from the investment sector, which helps explain the softening in prices.
Read MoreCopper heads into the final trading day of April within sight of joining iron ore at all-time highs.
Read MoreFortescue Metals is looking likely to enjoy a substantial surge in revenue for the six months to June that will boost earnings and dividends for shareholders for the full year.
Read MoreNewcrest Mining, Australia’s biggest gold producer, has joined the generally upbeat parade of Australian resource companies in reporting a solid performance for the three months to March.
Read MoreThere’s nothing like high prices to bring a lot of green to the balance sheets of oil companies and a smile to the faces of their executives, as we saw with Woodside, Santos, and now BP.
Read MoreExporting iron ore to China just got even more profitable thanks to record prices, as was made very clear in the March quarterly financials from Vale, the big Brazilian miner and exporter.
Read MoreShares in Indonesian-focused Nickel Mines were savaged on Tuesday after the company’s March quarter report revealed lower than expected nickel sales and production.
Read MoreThe boom in iron ore prices continues and South Korean steelmaker Posco on Monday provided a good explanation as to why – business is going very well indeed.
Read MoreOz Minerals is moving to boost growth projects at some of its mines as it seeks to take advantage of strong prices for key commodities.
Read MoreCopper starred in commodity markets last week as a weaker US dollar added to continuing demand and improving market fundamentals.
Read MoreEnergy major Royal Dutch Shell continues to flesh out its transformation process first revealed in February by setting out plans to cut its oil and gas production by around 5% a year.
Read MoreFor all the talk about how BHP, Rio Tinto and Fortescue are doing well in the current iron ore price boom, the clear winner is the recovering Brazilian giant Vale.
Read MoreThe rise in oil and LNG prices helped Woodside and Santos improve revenues for the March quarter and the outlook for both remains buoyant under the current conditions.
Read MoreBHP had solid ore sales from its mines in Western Australia in the three months to March 31 as wet weather and maintenance impacted output and exports.
Read MoreRio Tinto lifted its shipments of iron ore during the March quarter, thanks to solid demand from China and recovering demand from Japan, South Korea and other markets.
Read MoreThe market took a set against rare earths miner Lynas yesterday after its third quarter report revealed a slide in sales because of problems shipping its products.
Read MoreKanish Chugh from ETF Securities runs through 5 things the past 12 months and the pandemic in particular have taught us about gold.
Read MoreAustralian lithium producers Orocobre and Galaxy Resources will merge in an all-paper $4 billion transaction to create what they claim will be the 5th largest producer of the key commodity.
Read MoreOptimism all around for commodities as they closed the week with good gains, thanks in a large part to a weakening dollar.
Read MoreAmid rising government pressure to curb pollution, China’s crude steel output surged in March and the first three months of the year from the Covid-hit first quarter of 2020.
Read MoreShares in Whitehaven Coal slumped more than 14% on Thursday after it revealed another downgrade to its sales estimates for the year to June 30.
Read MoreThe rebounding global economy – led by China and the US – has seen the International Energy Agency (IEA) lift its 2021 demand forecast.
Read MoreTrade data for March confirmed China’s appetite for raw materials as the country once again spent heavily with inbound shipments of most major commodities surging in volume and value.
Read MoreGold miner Resolute has regained its Bibiani gold mining lease in Ghana but the government has retained control over who can buy it, putting the kibosh on a potential sale.
Read MoreAustralian iron ore exports are showing more signs of having plateaued in 2021 while shipments from our major competitor Brazil are surging with prices hitting record highs.
Read MoreBHP and Vale have called the bluff of hedge funds and other distressed debt investors trying to hold them to ransom over their joint venture Brazilian pellet maker, Samarco Mineracao.
Read MoreThe ASX is looking at a modest rise today after Wall Street ended a solid week on a high, with the local futures market up 6 points at the close on Friday.
Read MoreIn light of the vital role mining plays within the economy, the government recently detailed plans for Australia to become a leading global supplier of resources services over the next decade.
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