Commodities

Oil dips more than 5% on hopes of a diplomatic end to Russia-Ukraine tussle

March 15, 2022 04:43 PM AEDT| By Arpit Verma

Highlights Crude oil prices tumbled on Tuesday. The prices extended their last week's decline as Russia is showing signs of its willingness to have a substantive negotiation over Ukraine. The global commodity market is facing headwinds since R.....

Nickel price surpasses US$100,000/t; ASX nickel stocks rise

March 09, 2022 02:31 PM AEDT| By Arpit Verma

Highlights Nickel prices surged by a massive 65% yesterday, recording one of the most extreme moves in the history of metals. The current surge in the prices of battery metal is a result of escalated tension between Russia and Ukraine. Numerou.....

Why are nickel & aluminum prices high?

March 09, 2022 01:58 PM AEDT| By Ankit Sethi

Highlights Oil prices have been soaring over the past weeks, and now the US has banned oil imports from Russia Commodities like nickel and aluminum are also trading higher due to multiple reasons Supply constraints seem to be the biggest facto.....

Russia-Ukraine conflict: What is happening with wheat prices?

March 08, 2022 06:13 PM AEDT| By Akanksha Vashisht

The events unfolding amidst the Russia-Ukraine conflict are highlighting different perils of war – one of them being declining food security. Wheat prices have soared by as much as 60% in the last one month (as of 8 March 2022), fuelling wide.....

Can NZ become a leader in sustainable lithium extraction?

March 07, 2022 06:43 PM AEDT| By Sonal

Highlights Lithium usage has recently increased due to the high demand for lithium-ion batteries in EVS, electric tools, etc. Geo40 has developed a technology to recover lithium from geothermal fluids economically. By 2030, EVs are likely to a.....

Crucial commodities that could be affected by the Russia-Ukraine war

February 27, 2022 12:47 AM AEDT| By Arpit Verma

Tensions between Russia and Ukraine have reached a fever pitch as Russian President Vladimir Putin announced a military operation on Ukraine on Thursday. Within a few hours, Russian aircrafts had already made their way to the Ukrainian capital whil.....

Up ~562% in last one year: What’s fuelling lithium prices?

February 26, 2022 01:13 AM AEDT| By Arpit Verma

Global appetite for lithium has surged dramatically in the recent years, fuelling the price of the silvery-white metal. Lithium carbonate prices have surged to CNY 460,500 a tonne, recording nearly 553.19% gains in the last year. The spurt in lithi.....

Gold, Crude oil, and Aluminium: 3 Commodities to keep an eye on as Russia invades Ukraine

February 24, 2022 07:55 PM AEDT| By Arpit Verma

Vladimir Putin, the Russian President, announced a military operation in Ukraine in the wee hours on Thursday after several weeks of intense diplomacy and a flurry of Western sanctions on Russia. On Thursday, the Russian President said in a televis.....

Shining in times of crisis: How gold prices reacted during major wars

February 24, 2022 01:56 PM AEDT| By Nitish Kumar

Highlights Gold is, once again, in the limelight as the world is gripped by high inflation and ongoing tensions between Russia and Ukraine. Gold has been seen as a ‘safe haven’ during dire economic situations. Prior to World War II.....

Crude oil hits US$99.50/bbl as Ukraine crisis intensifies

February 23, 2022 09:08 PM AEDT| By Arpit Verma

Highlights Brent Crude Oil prices rose as high as US$99.50 a barrel on Tuesday, with prices settling near 2014 highs. The significant rise in the prices came after several western nations announced the initial stage of sanctions on Russia. Mar.....

Oil tumbles 3% as Russia withdraws some troops from Ukraine

February 16, 2022 01:30 PM AEDT| By Arpit Verma

Highlights Crude oil prices tumbled on Tuesday. The substantial drop in the prices came after Russia stated that it has withdrawn some of the military units back to bases. Investors are also eyeing talks between the US and Iran on reviving the.....

Andrew Forrest vs Blue Hydrogen: Why are industry veterans against Hydrogen with fossil fuels?

February 12, 2022 01:27 AM AEDT| By Arpit Verma

Highlights Demand for hydrogen has witnessed unprecedented growth in the past few years. The production of blue hydrogen creates a significant amount of carbon dioxide, which is harmful to the environment. Fortescue’s Chairman Andrew For.....

Brent Crude hits more than 3-year highs on global supply concerns

January 17, 2022 02:28 PM AEDT| By Arpit Verma

Highlights Brent crude oil hitting more than 3-year highs on Monday. In the last week, Brent and WTI both rose by 5.4% and 6.3%. Leading oil-producing groups, including OPEC+, are not able to supply enough to meet strong global demand. Cr.....

Crude oil slips on US interest rate hike concerns

January 14, 2022 03:51 PM AEDT| By Arpit Verma

Highlights Crude oil prices slipped on Thursday. Expectations of strong economic recovery counterbalance the losses in oil prices. Oil has gained more than 50% in the last year. Crude oil prices inched lower on Thursday on a strong sell-o.....

Is nickel ready to be the next hot battery metal?

January 11, 2022 08:34 PM AEDT| By Nitish Kumar

The world is standing at the edge of a new electric era. Green metals including lithium, cobalt, nickel, and copper can be considered as the building blocks of this new era. The growing demand for electric vehicles and battery storage technologies.....

What does 2022 have in store for commodity market?

January 10, 2022 09:16 PM AEDT| By Akanksha Vashisht

After a surprisingly phenomenal run in 2021, commodities have entered another year, albeit with a slowdown. Commodity prices have skyrocketed throughout the previous year owing to an incessant demand as the result of recovering industrial sector. H.....