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Commodities
Commodity wrap-up: Gold shines on economic growth worries
June 14, 2022 06:47 PM AEST| By Arpit VermaHighlights Prices of both crude oil benchmarks have remained nearly stable in the last week. Gold logged substantial weekly gains of 1.22% on inflationary bets and economic growth worries. Prices of copper, aluminium, and iron ore have tumbled.....
Power crisis: Why is Australia facing risk of blackouts?
June 14, 2022 03:28 PM AEST| By Akanksha VashishtAmidst an escalating energy crisis, Aussies are facing yet another challenge in the form of power outages. At a time when the nation’s power crisis is showing no signs of abating, the Australian Energy Market Operator (AEMO) has issued lack o.....
How digital transformation can help miners overcome ongoing industry challenges?
June 12, 2022 12:15 AM AEST| By Arpit VermaHighlights Mining companies are trying their best to optimise the process by implementing advanced mining practices. Digital transformation is geared up to facelift the entire mining industry. The companies that embrace digitisation hold chanc.....
E-kerosene: A magic bullet for decarbonising aviation industry
June 12, 2022 12:05 AM AEST| By Arpit VermaThe global aviation industry accounts for nearly 2.1% of all human-induced carbon emissions, as per estimates made by Air Transport Action Group, an independent coalition of aviation industry experts focusing on sustainable development issues. In 2.....
What should Australia do to mitigate gas crisis?
June 11, 2022 12:15 AM AEST| By Akanksha VashishtHighlights Australia’s gas crisis has added to the burden of rising costs for households, with adverse weather being an added challenge. The gas trigger can be pulled to ease the supply-side pressure in the country, though it may not dire.....
Oil jumps on OPEC+ deal and Saudi pricing
June 07, 2022 02:21 PM AEST| By Arpit VermaHighlights Crude oil prices rose on Tuesday. Crude oil prices buoyed due to a robust recovery in energy demands in China in line with ease in COVID-19 cases in Shanghai. The decision of OPEC+ comes when the world’s biggest producers are .....
How serious is Australia's energy crisis?
June 07, 2022 11:29 AM AEST| By Akanksha VashishtAustralia’s energy crisis can be described as nothing less than a “perfect storm”, a term that Treasurer Jim Chalmers came up with. Rising energy prices have added to a hefty list of price-side concerns facing an average Australia.....
Commodity wrap-up: Iron ore surges as China eases COVID-19 curbs
June 06, 2022 06:36 PM AEST| By Arpit VermaHighlights The prices of both crude oil benchmarks gained significantly in the last week. Uranium prices gained more than 5.5% in the last week as demand from China, a major nuclear energy producer, surged significantly. Base metals including .....
What’s the fate of AVZ’s Manono Lithium project?
June 05, 2022 12:15 AM AEST| By Arpit VermaAustralia-based mineral exploration company AVZ Minerals Limited (ASX:AVZ) is entangled in a legal dispute related to the ownership of the Manono Lithium Project, probably one of the most significant lithium deposits in the world. Shares of the Co.....
Here’s why crude oil is hovering above US$100/bbl?
June 05, 2022 12:00 AM AEST| By Arpit VermaCrude oil prices have likely found a home near the three-digit mark of US$100/bbl. On a yearly basis, the prices of both crude oil benchmarks are currently trading 60% higher compared to the corresponding period last year. Curtailed production fro.....
Will Australia be able to solve gas supply shortage problem anytime soon?
June 03, 2022 02:59 PM AEST| By Akanksha VashishtHighlights Australia’s energy crisis has worsened at a time when the cold climate is disrupting the gas supply. Authorities have brought up talks of pulling the gas trigger, but many believe that it would not be a long-term solution. Lon.....
Oil hits two-month high as China eases COVID-19 restrictions
May 31, 2022 05:56 PM AEST| By Arpit VermaHighlights Crude oil prices soared to two-month high on Monday. The current surge in oil prices has been witnessed after two consecutive weekly gains. China’s economic capital, Shanghai announced to end its two-month-long COVID-19 lockdo.....
How China’s demand expectations impacted commodities last week
May 30, 2022 06:55 PM AEST| By Arpit Vermalast week. Prices of most of the commodities recovered last week. The ease in COVID-19 related restrictions in China, coupled with strengthening market fundamentals and robust demand for commodities against a tightening market backdrop has trig....
How is chip shortage impacting various manufacturing industries?
May 30, 2022 05:37 PM AEST| By Akanksha VashishtHighlights The chip and semiconductor industries have observed a massive slowdown due to supply-chain snags. Consumer demand for electronic devices gathered pace as soon as restrictions were lifted. The supply of chips and semiconductors might.....
Oil rises on peak US demand amid Memorial Day weekend
May 30, 2022 02:13 PM AEST| By Arpit VermaHighlights Crude oil prices jump on Monday. With global supplies lagging to meet demand, the worldwide oil market is anticipated to remain undersupplied. Hungary has held up the EU's sixth package of sanctions against Russia over its invasion .....
Global oil crisis: A double-edged sword
May 29, 2022 12:15 AM AEST| By Arpit Vermargy crisis. The global oil crisis has intensified ever since Russia officially announced Ukraine invasion. Russia is a key crude oil supplier, accounting for nearly 10% of the world's total supplies. In response to the unilateral military action...
Why Aussies' power bills are set to go through the roof
May 27, 2022 01:13 PM AEST| By Akanksha VashishtRising energy costs have rung alarm bells across Australia, fuelling speculations that power bills are all set to increase in the country. Most Aussies are already facing tough economic conditions, where managing finances has become a herculean tas.....
Here’s how commodities performed this May
May 25, 2022 07:29 PM AEST| By Arpit VermaSo far, Commodity markets have been volatile in May. The prices of most of the commodities ended in green until last week. Tight supplies coupled with easing of COVID-19 restrictions in Shanghai, has provided some optimism bringing back commodities.....
MGX, LCY, GRR: 3 ASX stocks in focus as India jacks up iron ore export duty
May 25, 2022 05:56 PM AEST| By Arpit VermaBenchmark iron ore futures in China surged around 7% on Monday, recording the biggest intraday gain in the last two and half months. The staggering rise in the prices of iron ore was seen after India increased export duties on various commodities t.....
Oil rises on tight supplies and weaker US dollar
May 23, 2022 05:37 PM AEST| By Arpit VermaHighlights Crude oil prices jump on Monday. A tight gasoline market amid a solid demand due to the peak US driving season has additionally buoyed the global crude oil prices. Lockdown in the world's biggest crude oil-consuming nation China has.....
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