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Commodities
Is Australia ready to conquer the global critical material sector?
September 29, 2021 07:46 PM AEST| By Arpit VermaHighlights Australia is the world’s leading producer of lithium and holds a significant position in the production of iron ore, lead, zinc, nickel, and gold. Critical metals are the most important components required for the development o.....
Brent crude dips after hitting three-years high level
September 29, 2021 02:38 PM AEST| By Arpit VermaHighlights Brent crude oil prices dip on Tuesday after hitting a record high level of US$80 per barrel. Leading oil-producing nations are struggling to increase their production amid the global rise in energy demand. The disruptions caused by .....
Copper dips on the strong dollar and China's power crisis
September 29, 2021 02:36 PM AEST| By Arpit VermaHighlights Copper prices dip on Tuesday due to the impacts of the China power crisis. A rise in the US dollar has also made copper more expensive for other currency holders. Copper inventories at the Shanghai Future Exchange continued to deple.....
Dalian iron ore climbs up on power curbs
September 28, 2021 12:35 PM AEST| By Arpit VermaDalian iron ore futures gained more than 5% on Monday with prices hitting above CNY700 level. At the same time, the prices of steel rebar and hot-rolled coils surged significantly due to production limitations on power curbs. January delivery iron .....
Oil rises on strong demand and tight supplies
September 28, 2021 11:56 AM AEST| By Arpit VermaCrude oil prices galloped on Monday with Brent crude hitting near US$80 per barrel on the back of robust demand and tight supplies. December delivery Brent Crude oil futures last traded at US$78.50 per barrel down 0.14%, whereas November delivery W.....
Crude oil prices reach 3-year high on US supply disruptions
September 27, 2021 11:46 AM AEST| By Arpit Vermath supplies from Canada and Iraq. Members of OPEC+ struggle to raise their output. Crude oil rose to a near three-year highest levels on Monday. Brent Crude oil futures for December delivery last traded at US$78.05 a barrel, up 1.06%, whereas W...
Global steel production tumbles in August on China’s environmental concerns
September 24, 2021 12:44 PM AEST| By Arpit VermaHighlights Global steel production tumbled in August 2021. China curbed its steel production on environmental concerns. Japan India and the US recorded a jump in their output during August. Global steel production tumbled by nearly 1.4% y.....
Brent crude hits 2-month high level on supply concerns
September 24, 2021 10:53 AM AEST| By Arpit VermaHighlights Brent Crude oil prices surged to two-month highs on Thursday. Strong demand and limited supply are pushing the prices to record highs. Brent Crude oil prices surged to two-month highs on Thursday on the back of robust demand and.....
What made Copper futures rebound today?
September 23, 2021 11:47 AM AEST| By Arpit VermaHighlights Copper prices climb up on Wednesday. Evergrande decided to pay interest on a domestic bond. Copper futures hit record highs during May 2021. Copper prices climbed up nearly 4% on Wednesday on relief that China's Evergrande woul.....
What made oil prices edge up today?
September 23, 2021 11:44 AM AEST| By Arpit VermaHighlights Crude oil rises on Wednesday. US crude stocks tumbled to their lowest level in the last three years. Oil facilities in the US Gulf of Mexico have resumed their operations. Crude oil prices inched higher on Wednesday on the back.....
Indonesia launched new steel plant amid skyrocketing steel prices
September 22, 2021 11:56 AM AEST| By Arpit VermaHighlights Indonesia has inaugurated a new 1.5Mt annual output capacity steel plant. The new steel plant is designed to produce hot-rolled coils. Steel prices are currently touching sky highs due to production curbs in China. Joko Widodo,.....
Oil rises as investors are concerned about growing oil demand and supply gap
September 22, 2021 10:57 AM AEST| By Arpit VermaHighlights Crude oil prices rose on Tuesday. The oil demand is improving as the world recovers from coronavirus. API data suggests that U.S. crude oil, distillate, and gasoline tumbled last week. Crude oil prices rose on Tuesday as big OP.....
What’s fueling the uranium bull run?
September 21, 2021 05:22 PM AEST| By Arpit VermaThe prices of uranium surged to nine-year highs last week, surpassing the US$50-per-tonne mark. The significant rise in raw uranium prices, which is also known as yellowcake, is underpinned by an imbalance in the market equilibrium. The price hike .....
Magnesium hits 13-year highs on China’s environmental concerns
September 21, 2021 01:05 PM AEST| By Arpit VermaThe International Magnesium Association stated on Monday that the prices of magnesium have rallied to their highest level in the last 13-years in Europe and are expected to rise further before coming to a normal level by the end of the first h.....
Oil dips on rising US dollar
September 21, 2021 11:05 AM AEST| By Arpit VermaHighlights Crude oil prices dipped on Monday. Oil prices got support from disrupted US supply followed by two hurricanes. Crude oil has grown significantly in the last one year. Crude oil prices tumbled nearly 2% on Monday due to the rise.....
Nickel hits seven-year highs on strong demand and tight supplies
September 20, 2021 02:04 PM AEST| By Arpit VermaNickel prices surged to seven-year high levels on Friday due to supply concerns followed by the Indonesian government is looking at taxes on the ingredients used in steel manufacturing. The prices of metal used heavily in the production of electric.....
Oil falls on US crude oil recovery
September 20, 2021 01:58 PM AEST| By Arpit VermaHighlights Crude oil dips on Monday. US operations resumed production. Oil recorded a 3% weekly gain in the last week. Crude oil prices inch lower on Monday after registering a 3% weekly gain in the last week. The prices tumbled as oil an.....
Oil rises on higher-than-expected drawdown in the US crude inventories
September 16, 2021 10:46 AM AEST| By Team Kalkine MediaHighlights Crude oil climbs up on Wednesday. The government data shows a higher-than-expected drawdown in the US crude inventories. The US crude stocks tumbled to the lowest level since September 2019. Crude oil prices climbed by more tha.....
Australia gains top spot in gold production; overtakes China for the first time
September 16, 2021 10:21 AM AEST| By Mohammad ZaidAustralian gold miners have turned the corner around challenging times and helped the country in setting a new production record. Higher output by Australia’s major miners during the first half of 2020 helped the country surpass China as the .....
Crude oil trades flat as tropical storm Nicholas hit Texas
September 15, 2021 11:04 AM AEST| By Team Kalkine MediaCrude oil traded nearly flat on Tuesday due to tropical storm Nicholas that hit the coast of Texas bringing heavy rain and power outages in the region. November delivery Brent Crude oil futures last traded at US$73.94 per barrel up 0.08%, whereas O.....
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