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Commodities
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After Saudi Arabia, Iraq pitches in with Crude Oil production cut
January 28, 2021 02:48 PM AEDT| By Team Kalkine MediaIraq produced at an average of 3.821 Mbbl/day throughout the last quarter of 2020 as per the OPEC January MOMR data. To make up for the extra production than the decided quota, Iraq has announced a production cut of 25,000 bbls per day of crude oil.....
China starts considering Australian coal carriers that arrived before the ban
January 25, 2021 06:50 PM AEDT| By Kunal SawhneyAustralia is the leading thermal coal exporter of the world and exports around 70-80% of its produced coal to China. Australia fulfilled around 57 per cent of Chinese thermal coal demands in 2019. The trade relations between the two countries becam.....
PM Scott Morrison signs an agreement with gas exporters
January 21, 2021 06:18 PM AEDT| By Team Kalkine MediaAussie Prime Minister, Scott Morrison has sealed a deal with natural gas exporters to ensure the domestic supply of natural gas at a competitive price. The companies involved in gas production and export have to supply non-contracted gas to the dom.....
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Will 2021 be a breakout year for Australian Rare Earth and LNG firms?
January 18, 2021 08:43 PM AEDT| By Team Kalkine MediaThe global rush towards green energy along with an increasing demand for electric vehicles and other battery-operated electronic gadgets have heightened the need for eco-friendly sources of energy. The interest in LNG and Rare Earth Elements (REE) .....
How Chinese Ban on Australian Coal Reshuffled The Global Coal Trade?
January 15, 2021 05:20 PM AEDT| By Kunal SawhneyThe Australian mining sector accounts for around 10% of the country’s GDP and makes up for over 50% of the nation's exports. Asian countries including China, Japan and South Korea are the major importers of Australian resources. The Oceanian.....
Crude oil bulls stare at USD 60 a barrel, forecasts and estimates you should know
January 14, 2021 11:45 AM AEDT| By Team Kalkine MediaCrude oil prices are inching up smartly with prices of Brent crude oil futures nearing the 11-month high of USD 60.0 a barrel. Image Source: © kalkine Group 2020 Trend shifts as consumption picks steam The shift in the global demand and sup...
Uranium Back in Business, Ranger Mine Closure a Set Back for the Export Industry?
January 10, 2021 01:31 AM AEDT| By Team Kalkine MediaUranium is once again breaking the headlines after news emerged that Iran is enriching uranium to 20 per cent purity, up against the threshold level set by the nuclear pact signed in 2015, which is once again sparking international concerns. Image...
Gold price loses sheen as US govt bond yields shoot up
January 09, 2021 02:56 PM AEDT| By Team Kalkine MediaThe yellow metal lost some of its shine on Friday as gold slumped on the bullion market by over 3.4%, as the US presidency risks faded away and the US government bond yield grew to its highest level since March 2020. The toll on the gold price soon.....
Why did KGL Resources Limited’s (ASX:KGL) shares close 12% up on the bourses?
January 08, 2021 05:14 PM AEDT| By Team Kalkine MediaKGL Resources Limited (ASX:KGL) has bagged the approval from the Northern Territory Government for the Mining Management Plan for its Jervois Copper Project. Following the announcement, the shares were on fire on the ASX, finally closing the day&rsqu...
Why is Copper Mountain Mining (ASX:C6C) aiming for higher production in 2021?
January 08, 2021 04:02 PM AEDT| By Team Kalkine MediaASX and TSX listed, Vancouver based mining company Copper Mountain Mining Corporation (ASX:C6C) has exceeded its production targets for Q4 2020 beating overall 2020 production guidance. Copper Mountain Mining Operations with mineral deposits and.....
ASX nickel stocks rally as underlying commodity clinches 52-week high
January 08, 2021 12:27 PM AEDT| By Team Kalkine MediaASX nickel stocks rally as underlying commodity clinches 52-week high Nickel futures prices are edging higher on the London Metal Exchange over firm demand from alloy makers for the underlying commodity, leading to a gush in ASX-listed nickel stocks...
Gold breaking out of slumber, what are charts saying?
January 08, 2021 12:30 AM AEDT| By Team Kalkine MediaGold has been under a crabwalk for a while with economic situations around the globe taking a turnaround with the rollout of COVID-19 vaccine. The spot market has been stuck in a range for quite a while; however, after a period of slow moves, gold ha...
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ASX iron ore shares continue to rally as underlying commodity price zooms
January 07, 2021 02:15 PM AEDT| By Team Kalkine MediaIron ore prices have rebounded once again after a slight fall in the recently over uptick in port stocks and supply ease across China. The commodity topped around RMB 1,194 per dry metric tonne on the Dalian Commodity Exchange (DCE) but took a U-turn...
Copper Hits 8-Year High: What’s Fuelling the Momentum?
January 07, 2021 01:15 PM AEDT| By Team Kalkine MediaOne of the most remarkable stories in the recent past, the recovery of copper price has been in the limelight for the past few months. The coronavirus-led global economic crisis substantially hit the prices of various commodities. Copper fell to US.....
LNG Market Poised to Head North?
January 07, 2021 12:22 PM AEDT| By Kunal SawhneyLNG prices are on an up surge with spot prices across Asia surpassing the two-year high recently. The increase in LNG prices is well supported by the ongoing green drive on the global front. Apart from that, the global stance of ending fossil fuel e...
Crude Oil Rallies to 10-Month High After Production Cut Decision
January 06, 2021 01:30 PM AEDT| By Hina ChowdharyThe oil producer group OPEC+ concluded a meeting over oil production levels in coming months on Tuesday, 5 January 2021. The resurgence of new strains of COVID-19 virus in different parts of the world is spooking oil producers. In a recent developm.....
Will 2021 Bring Respite for Last Year’s Worst Performing Commodities?
January 05, 2021 04:43 PM AEDT| By Team Kalkine Media2020 was the year of commodities. The broad segments of industrial, precious and energy commodities witnessed the consumption-demand shock, on the back of widespread lockdown measures and reduced industrial activities during the year. The price of.....
Commodities Gaining Strength from the Green Energy Drive
January 04, 2021 05:58 PM AEDT| By Team Kalkine MediaThe green ambition finally seems to be picking some pace and might emerge as a major theme for the year 2021 with Biden sweeping away the election result with Green Energy being one of his moot points. The green energy space might also get highlight...
How are Australian battery minerals empowering world’s EV revolution?
January 03, 2021 12:19 AM AEDT| By Kunal SawhneyThe rising call for a shift to clean energy has brought renewable energy and electric vehicles (EV) into the limelight. Various governments, including France, Germany, and China are proactively offering incentives to motivate their residents to swi.....
How was 2020 for Commodities and What is anticipated in 2021?
January 02, 2021 12:34 AM AEDT| By Team Kalkine MediaWe are entering a new year, and 2020 has been a volatile year for markets, be it equities or commodities. The COVID-19 pandemic pushed the major central banks and governments across the globe to take drastic measures to avoid the economy from sliding...
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