Commodities

NST to EVN: ASX gold stocks on radar as yellow metal’s prices shoot up

 NST to EVN: ASX gold stocks on radar as yellow metal’s prices shoot up

rest rates. Gold prices rose on Wednesday amid a weakening dollar and US Federal Reserve chief Jerome Powell’s aggressive stance on inflation. A weaker dollar enhances the appeal of bullion and makes it attractive for buyers who hold other...

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What is Australia doing to build a battery supply chain?

What is Australia doing to build a battery supply chain?

Highlights Australia catered to nearly half of the global lithium supply in 2020. The Australian mining industry is fairly advanced on the upstream side, with little developments on the downstream side. The Federal Government has announced sev...

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Oil rises 5% on EU's Russian oil ban proposal

Oil rises 5% on EU's Russian oil ban proposal

Highlights: Crude oil prices rose nearly 5% on Wednesday. The fear of future supplies has weighted the concerns related to lower demand in China amid prolonged lockdowns. Both crude oil benchmarks have risen steadily in the last two months aft...

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Why is EU split on Russian oil ban?

Why is EU split on Russian oil ban?

In an effort to cut down on Russian funding sources, the European Commission (EC) is expected to propose a sixth sanction this week against Russia in response to its invasion of Ukraine. The sanctions may also include an embargo on Russian oil. Uk...

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Which are the best performing commodities of 2022?

Which are the best performing commodities of 2022?

In the recent months, commodity prices have been on a wild run. Various commodities ranging across agriculture, energy, livestock, and metals have logged staggering gains during the present year with prices hitting multi-year highs. The prices of ...

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Oil prices entangled between China’s lockdown & EU’s Russian oil ban

Oil prices entangled between China’s lockdown & EU’s Russian oil ban

Highlights Crude oil prices rose on Wednesday. The American Petroleum Institute showed that crude stocks fell by 3.5 million barrels for the week ended 29 April. China's calm demand is a real concern, investors are wondering whether ...

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Crude oil slips on dampen demand in China

Crude oil slips on dampen demand in China

Highlights Crude oil prices dipped on Tuesday. The prices of both crude oil benchmarks rose more than 3% in the last week. Beijing reported dozens of new coronavirus cases daily in an outbreak that has entered its second week. Crude oil p...

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Crude oil dips on China’s slower factory activity data

Crude oil dips on China’s slower factory activity data

Highlights Crude oil prices dipped on Monday. A significant drop in crude oil prices has been witnessed after China revealed its factory activity data on Saturday. European Union’s leaning towards banning imports of Russian oil by the en...

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Which countries are the world's top lithium producers?

Which countries are the world's top lithium producers?

Demand for critical minerals to manufacture batteries for electric vehicles (EV) has been increasing full on. Since mid-2021, the global EV industry has been struggling with the shortage of key battery materials, primarily due to the COVID-19 pande...

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How could energy price hike impact household power bills?

How could energy price hike impact household power bills?

Highlights Electricity costs have skyrocketed across Australia, with Queensland and New South Wales facing much of the impact. Electricity bills form a significant part of any household’s expenses, especially for the lower-income strata. ...

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Is Australia’s coal export boom about to end?

Is Australia’s coal export boom about to end?

Australia’s coal exports might soon see a substantial dip as purchases from China are projected to decline. As per a study from the Australian National University (ANU), Chinese coal imports could decline by close to half by 2025 due to its p...

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