Interestingly this week we saw some new information coming out of China where they've stopped Australian imports of coal going into the Dalian port. We've known about the slowdown in processing of coal, particularly Australian coal in a number of other ports, so this new information was interesting and certainly... Show More
Liontown Resources, which is capped at just $27m, is about to outline why its Kathleen Valley project could be a substantial lithium operation. Based on numbers it has published and those of similar, more advanced projects, observers say it could be a game-changer. Plus, beaten-up Coronado looking like a bargain. Show More
For many years China has had a single focus of delivering high GDP growth. John Lake from Paradice Investment Management has recently returned from a visit to China and says two important shifts are taking place. One is a focus on sustainability and the environment ahead of growth. The other... Show More
Following on from a robust PFS, Allegiance Coal (ASX:AHQ) has recently commenced a Feasibility Study on its 100% owned Telkwa Coal Project in British Columbia, for which the Company is targeting first production by 2020 and which has Saleable Reserves of 42.5Mt of metallurgical coal. 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
Given recent headlines and speculation with respect to commodity prices, I thought it worthwhile to outline my views on the near-term picture. Overall, I remain very optimistic with respect to prices and demand. In particular, recent positive Chinese commodity demand data and outcomes from the recent Chinese Communist Party Congress,... Show More
Electricity generation in Europe is undergoing a major transformation. Many investors think that the “new world” (i.e. renewables, batteries and smart grids) is going to wipe out the “old world” (i.e. centralised baseload generated from nuclear and fossil fuels). Whilst we do accept that there will be a transition we... Show More
In a recent interview, Platinum Asset Management CIO, Andrew Clifford, delivered some important insights on Chinese market opportunities. We have pulled out five key takeouts for you below. Show More
The Telkwa Metallurgical Coal Project, into which Allegiance is earning 90%, has the potential to produce PCI or SSCC metallurgical products at FOB costs of ~US$55/tonne, within the lowest 5% of the global seaborne trade, and thus providing a buffer against adverse price movements. The potential for a low-cost operation... Show More
Rio Tinto has reported an interim underlying profit of $US3.94b, up from US$1.56b a year ago. The result was slightly lower than consensus forecasts. Its interim dividend jumped to a record US$1.10 per share, compared to US$0.45 a year ago. Show More
Despite a flat few months (and some EOFY selling), there continues to be strong investor interest and good value in the junior to mid-cap resources 18 months into the current cycle, particularly for those companies with quality management and projects. Gold is holding its ground at around US$1250/oz, and despite... Show More
China has had a significant impact on the supply side in two key global commodities during 2016. Going forward, look out for further actions from China on the supply side of commodities. Show More
CBA Mining and Energy Commodities Strategist, Vivek Dhar provides his outlook for iron ore and coal and explains how the committed investment in Australian mining and energy projects continued to decline in 2016: Show More
The junior resources market is continuing the momentum that started in 2016. Although we saw the gold price, which has been one of the main drivers of the recovery in the sector, fall in the latter part of the year, it has now recovered and is trading back above US$1,200/oz.... Show More
There are still two days of the earnings season to go. Remarkably all but 8 of the 135 companies produced a profit for the six months to December. That is, around 94 per cent of companies made money. Excluding BHP Billiton, aggregate profits lifted by 37 per cent. Almost 89... Show More
While BHP remains one of our preferred exposures to the resources sector, we believe the strength of the recovery in coal and iron ore prices has carried the big miner’s share price into fair value territory. With coal prices already moderating, we expect an end to the upward move in... Show More
Now this is important: watch very closely what happens to resources in the next 4 to 6 weeks. As mentioned yesterday, resources are due for a period of consolidation. I've been pushing resources for a while and just because they've had a good run doesn't mean it's time to abandon... Show More
CBA Mining & Energy Commodities Strategist Vivek Dhar speaks with CommSec’s Tom Piotrowski about the outlook for iron ore, coal copper and nickel prices For more market news, visit https://www.commsec.com.au/market-news/the-markets.html Show More
Whitehaven Coal (WHC:AU), an expanding New South Wales coal producer, has been rated ‘3+’ on the PortfolioDirect five point rating scale. Strong share price gains have left the market price within 5% of the PortfolioDirect assessed value. There is now less scope for company initiated activities to precipitate a further... Show More
There are three specific commodities we see as having a positive outlook over the short-term. Cobalt is a standout. With the battery industry now consuming 42% of refined cobalt, the metal is arguably more strongly leveraged to the surging battery market than lithium. After drifting down for several years, the... Show More