Commodities
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What does 2021 hold for Crude Oil?
December 30, 2020 09:21 PM AEDT| By Team Kalkine MediaThe crude oil volatility has waned in recent months, and further price recovery lingers on the pandemic containment measures and the vaccination drives across the globe. During the wild swings in April 2020, the prices for the Western Texas Interm.....

How is the Gold Market Unfolding for ASX-listed Gold Stocks in 2021?
December 30, 2020 01:07 PM AEDT| By Hina ChowdharyGold has been one of the top-performing commodities of the year 2020 with prices of spot climbing to a record high of USD 2,073.41 per ounce in August 2020 over panic in the market and plunging interest rates across the globe. Image Source : ©...
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Is the Recent Rally in Base Metals due to Price Seasonality?
December 29, 2020 08:41 PM AEDT| By Team Kalkine MediaCopper’s Price Action Summary: Copper prices are trading in a perfect symmetrical triangle pattern on a quarterly timeframe chart on Shanghai Future Exchange. It started the year with a bearish tone and gave negative quarterly closing, near .....

Australian coal, iron ore on the cusp of a robust momentous 2020-21
December 26, 2020 12:45 AM AEDT| By Kunal SawhneyAnnual resource and energy exports will grow to $279 billion in 2020-21 and $264 billion in 2021-22, as per the Australian Resources and Energy for December quarter. The Australian mining sector contributes around 10 percent of the country's GDP an.....
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Iron ore jolts another record high, is there more steam left in the rally?
December 22, 2020 04:37 PM AEDT| By Team Kalkine MediaIron ore prices are once again capturing the attention as the prices spike to another record high over supply concerns and robust demand from China. The commodity clinched RMB 1,194.00 per dry metric tonne on the Dalian Commodity Exchange (DCE) on 21...
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New COVID-19 Mutation Fears Hit Crude Oil Prices Once Again
December 22, 2020 02:14 PM AEDT| By Hina ChowdharyCrude oil prices are once again witnessing some pressure over the virus fears, with Brent crude oil futures plunging over 6 per cent from USD 52.48 (intraday high on 18 December 2020) to USD 49.20 a barrel yesterday. Image Source: © Kalkine G...
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Before his White House departure, Trump has a spree of mining, energy project approvals
December 21, 2020 03:25 PM AEDT| By Hina ChowdharyAs per media reports, the United States President Donald Trump is rushing to flag off a final wave of major mining and energy projects on the federal lands. This comes ahead of him leaving the White House. Many requests across the United States are...

Copper Tops USD 8,000, Commodity Supercycle at Play?
December 21, 2020 12:23 PM AEDT| By Kunal SawhneyAt present, many analysts believe that a copper supercycle is underway and the same has resulted in copper prices hitting a record high. So, what is a commodity supercycle? Image Source: Megapixl Supercycle is defined as a wave degree under the...

Crude at Crossroads After Surpassing USD 50 Hurdle
December 19, 2020 02:09 PM AEDT| By Team Kalkine MediaCrude oil price rally has stalled post surpassing the 9-month high with the Brent crude oil futures reaching a high of USD 51.90 per barrel (intraday high on 17 December 2020). The market seems to have backed in the positive news on COVID-19 vaccine....

Will US End the Shale Boom that Brought Energy Independence?
December 17, 2020 06:42 PM AEDT| By Kunal SawhneyUS Energy Secretary Dan Brouillette has hinted towards an aggressive climate policy by the government. He has stated that ESG movements are growing strong and can push the Congress for a change in policy in shale oil. During the Shale Insight Conf.....

Iron Ore Prices Beat Estimates, shoot to 9-Year High
December 17, 2020 02:32 PM AEDT| By Hina ChowdharyIron ore prices are moving against the projections of the world’s largest producer and exporter. The September 2020 edition of the Resources and Energy Quarterly had forecast the price of iron ore to remain at around US$100 per tonne during Q.....
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Silver Spot Price and Sentiment Data Diverges, What Does it Mean for the Precious Metal?
December 17, 2020 01:50 PM AEDT| By Kunal SawhneySilver spot prices are consolidating after correcting from the recent peak of USD 29.863 per ounce (intraday high on 7 August 2020). The current range for the spot is between USD 24.800 to USD 24.100, and the range seems to be shrinking as compared t...

Noose Tightens around carbon-intensive companies, Blackrock Flags ESG Warning for Corporates
December 14, 2020 01:24 PM AEDT| By Team Kalkine MediaThe climate change and its impact are accelerating at an unprecedented pace, and so is the pressure on corporates from investors to incorporate ESG considerations in long-term planning. The evidence of the same could be gathered by inferring to multi...

Crude Surges on Vaccine Optimism and Sharp Build in U.S. Weekly Net imports
December 13, 2020 12:09 AM AEDT| By Kunal SawhneyCrude oil prices are showing strong momentum with the price of Brent crude oil futures crossing the USD 50 per barrel mark. Brent crude oil futures started the day’s session 0.05 per cent up on Friday after witnessing an intraday move o...

Vale Output Shock, Chinese Demand- Thrust Iron Ore Prices to New highs
December 10, 2020 11:40 AM AEDT| By Team Kalkine MediaThe hottest commodity of the year 2020, i.e., iron ore is getting even hotter with prices climbing towards the all-time high. Iron ore future prices across China rose to RMB 993.00 per dry metric tonnes (as on 7 December 2020), just a unit down again...

China to tighten its grip on world’s copper market: Floats Cu Futures
December 06, 2020 12:13 AM AEDT| By Team Kalkine MediaImage Source Shutterstock China has launched international copper futures contract on 19th of November, 2020, in a move that will give foreign investors access to trading in the world's top consumer of the metal. Traders started trading copper f...

BHP inks deal with Shell to power LNG carriers
December 02, 2020 02:07 PM AEDT| By Kunal SawhneyAs a pledge to reduce carbon emission, BHP (ASX:BHP), a global resource company with dual listing in the UK and Australia, has signed an agreement with Shell to fuel five LNG powered Newcastlemax bulk carriers. LNG powered carrier vessels which BH.....

Lynas (ASX:LYC) Scales Another All-time High, What You Need to Know?
December 02, 2020 01:59 PM AEDT| By Team Kalkine MediaLynas Rare Earths Limited (ASX:LYC) or formerly known as Lynas Corporation Limited has climbed the ASX price ladder swiftly with the stock now reaching a new all-time high of $3.870 (as on 2 December 2020 12:36 PM AEDT). Lynas has been on a continuo...

OPEC+ Delays Production Cut Decision, November Rally Halts
December 02, 2020 11:49 AM AEDT| By Team Kalkine MediaThe crude oil market finally hits a limbo with prices of Brent futures struggling around USD 50 mark to trade in a range from USD 49.00 per barrel to USD 48.00 per barrel after showing an immense recovery. Image Source: © Kalkine Group 2020...

How Are Businesses Encashing the Gold Bonanza?
November 25, 2020 12:00 AM AEDT| By Hina ChowdharyGold has been quite the charmer as a safe haven asset in 2020 with the spot price vaulting to a record high of USD 2,073.41 per ounce in August 2020. The impeccable rally in gold prices has brought a smile on many faces with several banks, royalty .....

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