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Commodities
Brent Crude hits more than 3-year highs on global supply concerns
January 17, 2022 02:28 PM AEDT| By Arpit VermaHighlights 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.....
How rising oil prices could hurt Australia's economy?
January 17, 2022 02:12 PM AEDT| By Priyabrata PrustyHighlights Brent crude prices are now hovering above the US$85 per barrel mark. With the Brent crude crossing US$85 per barrel mark, cost of living in Australia is threatened to go up in 2022. With oil prices on the rise, street expects RBA ma.....
Crude oil slips on US interest rate hike concerns
January 14, 2022 03:51 PM AEDT| By Arpit VermaHighlights 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.....
Crude oil jumps on weaker US dollar and falling inventories
January 13, 2022 02:03 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Wednesday. A weaker dollar also helped to boost oil prices. The US crude inventories have tumbled for the seventh consecutive week. Crude oil prices rose nearly 2% on Wednesday to hit two-month highs on.....
Crude oil jumps on thinning Omicron fears
January 12, 2022 01:42 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Tuesday. The prices of Brent Crude oil recovered more than 50% in 2021. The US government has increased its oil demand forecast and lowered its oil output growth estimates. Crude oil prices rose nearly .....
Is nickel ready to be the next hot battery metal?
January 11, 2022 08:34 PM AEDT| By Nitish KumarThe 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 VashishtAfter 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.....
Crude oil drops on rising coronavirus cases
January 10, 2022 12:57 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled on Monday. Rising cases of coronavirus dented the global economic activity. Kazakhstan's turmoil and Libyan oil supply disruptions have partially offset the drop in oil prices. Crude oil prices tumbled .....
Crude oil rises on fresh violence in Kazakhstan
January 07, 2022 02:21 PM AEDT| By Arpit VermaHighlights Crude oil prices rose nearly 2% on Thursday. Fresh violence has erupted in the main city of Kazakhstan. oil producers in the region had been affected so far. Crude oil rose nearly 2% on Thursday, extending its gains further on .....
Crude oil rises despite an increase in coronavirus cases
January 06, 2022 01:27 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Wednesday. OPEC+ agrees to increase the output by 400,000 bpd for the coming month. The oil market pared its gains after the US Federal Reserve stated that policymakers may have to increase rates more quickl.....
Crude oil hits US$80/bbl as OPEC+ decides to increase February output
January 05, 2022 04:12 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Tuesday. OPEC+ agrees to stick to its planned increase of 400,000 bpd of oil output in the coming month. The sudden rise in the spread of the Omicron variant of coronavirus has dented the charm of Christmas .....
What to expect from rare earth elements space in 2022?
January 05, 2022 01:25 PM AEDT| By Nitish KumarHighlights Rare earth elements are a group of 17 metals that have numerous industrial applications. China controls nearly 85% of the supply market for rare earth elements, posing risks to the supply chain of other countries. The US and many ot.....
Crude oil rises on demand optimism
January 04, 2022 02:39 PM AEDT| By Arpit VermaHighlights Crude oil settled higher on Monday. OPEC+ plans to increase its output for the coming month. The Omicron variant of coronavirus has brought a record number of cases globally. Crude oil prices settled higher on Monday on the bac.....
Will crude oil continue its rally in 2022?
December 31, 2021 05:34 PM AEDT| By Nitish KumarHighlights Crude oil demand outpaced supply in the year 2021. The EIA estimates global oil inventory to start building up in 2022, on the back of additional supply from the US and OPEC+. With a balance in demand and supply, crude oil pri.....
Why is Lion Selection Group’s (ASX:LSX) share price on investors' radar?
December 31, 2021 04:25 PM AEDT| By Priyanka PayalHighlights J Resources completes its Sale and Purchase Agreement with PT Andalan Bersama Investama (Andalan) for all the shares in PT Gorontalo Sejahtera Mining. On Thursday, PT Merdeka Copper Gold Tbk (Merdeka) declared that it has invested US.....
Crude oil rises further waning Omicron’s fear
December 31, 2021 02:38 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Thursday. On Wednesday, the prices of crude oil reached their highest level since November. Crude oil prices made a significant rebound ranging from 50-60% in 2021. Crude oil prices rose further on Thur.....
Saudi to host Future Minerals Summit, eyes on mining companies’ renewable energy plans
December 30, 2021 03:14 PM AEDT| By Arpit VermaHighlights Engineers across the whole world are trying their best to get the most out of the minerals to reduce greenhouse emissions. Saudi Arabia is hosting The Future Minerals Summit (FMS) in Riyadh on January 11-13. The demand for metals is.....
Crude oil rises on falling US inventories
December 30, 2021 01:26 PM AEDT| By Arpit VermaCrude oil prices reached their highest level since November on Wednesday offsetting concerns that rising cases of coronavirus across the globe might dent the demand. The significant rise in the prices of both the benchmarks was underpinned by the r.....
Crude oil rises despite rising Omicron concerns
December 29, 2021 02:21 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Tuesday. Both the contracts reached their highest level in a month, strengthened by boosting US equities. Omicron-induced staff shortages led to various flight cancellations Crude oil prices rose on Tue.....
What are critical metals and why are EV makers racing to secure their supplies?
December 28, 2021 12:52 AM AEDT| By Arpit VermaHighlights Metals and non-metals that are considered dynamic for the well-being of the world's major and emerging economies are considered critical. Critical metals include rare earths, platinum-group metals, cobalt, lithium, vanadium, nickel, .....
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