One of the latest "listings" on the ASX is First Au (ASX:FAU), which is the result of the June 2018 reinstatement of Public Holdings (Australia) Ltd following the aquisition of three Western Australian exploration projects and a A$6.2 million raise. Show More
Despite improving market dynamics, one of the sectors still largely flying iunder the investors' radar is the junior end of the mineral sands industry. We have seen steadily increasing prices for both ziron and titanium feedstocks over recent times, with these forecast to stay strong for the foreseeable future, due... Show More
The current ~$420 million takeover offer by OZ Minerals for ASX listed Brazilian copper miner Avanco Resources should pique the interest of investors in Brazil, a major global producer of a number of commodities with highly prospective geology, but with only a relatively few ASX listed resources companies operating in... Show More
Strong investor interest has continued in the junior and mid-cap resources stocks through 2017. Despite a relatively flat first half of the year, the second half has seen a 20-30% increase in the relevant ASX indices on the back of steadily improving metals prices, particularly in the base and battery... Show More
As a provider of drilling fluid products, downhole instrumentation and geo-analytic services to exploration, development and resources production companies, Imdex Limited is highly leveraged to any uptick in key commodity prices such as gold and/or base metals. Show More
Northern Territory focussed explorer Todd River Resources (ASX: TRT) is set to list on the ASX at 12 noon AEST today. The Company, which has a portfolio of quality conceptual to feasibility stage assets, is a spin out of TNG Limited (ASX: TNG), which has over recent years focussed activities... Show More
We all know how interlinked China and iron ore prices are, but copper also finds its lead from China. Chinese demand accounts for over half of global copper demand so as China travels through its business cycle, so does copper. Show More
One of the themes I looked at in the latest edition of the Weekly Macro Themes was Chinese fixed asset investment. One aspect of particular interest - especially for commodity markets, is the matter of Real Estate fixed asset investment. The chart below shows just how sensitive base metals are... Show More
This time last year copper was in serious trouble - it had just hit its lowest level since 2009. What followed was a period of consolidation until the US presidential election in November, when prices lifted to 18-month highs on the back of Donald Trump's victory - and bullishness about... Show More
There's further encouraging news for the outlook for industrial metals in 2017. The World Bank in its just-released January 2017 Commodity Markets Outlook is forecasting strong gains for industrial commodities such as energy and metals during 2017, due to tightening supply and strengthening demand. The Bank has raised its metals... Show More
Earlier this week I wrote about the impact of funds buying back into commodities during 2016, including record net long positions that have driven the LME index of prices up by 36% since 1 January 2016. Well, there's further solid evidence of growing fund interest in commodities, with the latest... Show More
It is that time of year where we reflect on the previous 12 months and look towards the next. For all intents and purposes 2016 has been a bumper year for the juniors and mid-cap resource stocks following five years of pain, with our view being that 2017 again will... Show More
Cobalt remains our most compelling commodity exposure on the measurable supply / demand dynamics out there. Cobalt should have very aggressive demand side growth in the years ahead; 50% plus of cobalt now goes into energy storage through lithium ion batteries. If you've got a lithium CAGR of 10% or... Show More
For many investors with long memories, zinc and the companies that mine it, are to be voided at all costs. It's a sector that has proven problematic for various reasons, dating back to companies like Pasminco in the 1990s. Quite simply, it's not easy to consistently turn a profit in... Show More
Without much fanfare in the mainstream media, base metals have enjoyed a solid start to 2016, with only lead (-3%) in negative territory. Whilst the likes of zinc (+28%) and tin (+16%) have rallied, with steel-making raw materials iron ore (+24%) and coking coal (+12%) rebounding solidly (albeit from highly... Show More
Among the main daily traded base metals, tin and copper look like having the firmest market balances over the coming two years. This is the conclusion from our latest review of supply side adjustments and prospective consumption growth rates. Across the board, inventories are set to rise over the coming... Show More