base metals

Mark Gordon

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

Mark Gordon

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

Robert Frost

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

Callum Thomas

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

Callum Thomas

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

Gavin Wendt

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

Gavin Wendt

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

Gavin Wendt

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

Russell Delroy

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

Gavin Wendt

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

Gavin Wendt

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