‘Evenly balanced’ risks means lower commodity prices, but robust volumes

Mining News Pro - The heat is coming out of global commodity prices and the risks to the outlook are “evenly balanced”.

Glencore half-year profit drops 50% as commodity prices ease

Mining News Pro - Glencore Plc reported a steep drop in first-half profit and slashed returns to its shareholders as disappointing Chinese demand weighs on commodity prices, while the volatility that its traders thrive on has eased dramatically since last year.

China didn’t drive commodity markets in 2022

Mining News Pro - China’s commodity trade data for 2022 shows that prices and volumes weren’t driven by the world’s biggest buyer of natural resources. The question now is whether 2023 will see China reassert its dominance as the main driver of commodity markets.

And the winner for most volatile commodity this decade goes to…lithium

Mining News Pro - Commodity prices are always volatile, but in 2022 metal and mining markets reached new levels of turbulence, as the pandemic played out in China, inflation plagued the developed world and the Ukraine war upended global energy.

Aluminium will face macroeconomic headwinds in Commodity News 02/12/2022

Mining News Pro - Aluminium prices have been highly volatile in 2022 due to the Russia-Ukraine war, logistical issues, increasing recessionary fears and the Covid-19 pandemic.

Goldman sees support for global commodity prices from mid-2023

Mining News Pro - Prices of commodities from oil to metals have been pummeled by a strong US dollar this year as the Federal Reserves hiked interest rates aggressively to curb inflation.

Commodity markets are contending with a growing liquidity crisis

Mining News Pro - Commodity markets are struggling to shake their months-long liquidity crisis that’s brought an era of erratic swings in the value of the world’s raw materials.

Commodity stocks oust financials as Canadian market heavyweights

Mining News Pro - Canada’s resources sectors have overtaken financials as the heavyweights of its main equity index for the first time since August 2020 as oil and metal prices rally and global banks slump.

Glencore regains IPO price after 11 years on commodity rally

Mining News Pro - Glencore Plc traded above its IPO price for the first time since 2011 as Russia’s invasion of Ukraine continues to drive up commodity prices.

JPMorgan reviewing commodity exposure after nickel chaos

Mining News Pro - JPMorgan Chase & Co. is reviewing its business with some commodity clients after last month’s nickel short squeeze, a move that threatens to drain more liquidity out of the sector.

War sparks Wall Street’s rush to commodity-rich emerging markets

Mining News Pro - As the worst quarter for emerging-market dollar bonds in 24 years comes to an end, a deep divide is opening up between commodity haves and have-nots, with investors focusing their hopes on exporters in the Middle East and Latin America.

Commodity price spikes could signal lasting market changes

Mining News Pro - Market analyst Wood Mackenzie warns that the ongoing metals and mined commodity price spikes, combined with heightened geopolitical tensions, could result in long-lasting market changes.

Russia’s Ukraine invasion to fuel reorientation of commodity markets

Mining News Pro - Russia’s invasion of Ukraine, already pushing up prices for an array of commodities rapidly higher since it began on Feb. 24 – including adding a record 250% to the price of nickel over the past two days – will have longer-lasting structural effects on metals and mining markets and supply, said BMO Metals and Mining in a report released on Monday.

Sibanye-Stillwater posts record profit on upbeat commodity prices

South African miner Sibanye-Stillwater reported on Thursday a stronger profit and 20% increase in South African platinum group metals (PGM) production for 2021, buoyed by a surge in commodity prices.

Russian metal exports slide as sanctions hit commodity financing

Mining News Pro - Russia’s industrial-metal exports are sinking as the country’s invasion of Ukraine prompts commodity buyers and financiers to pull back from its powerhouse producers, according to executives and analysts tracking trade flows.

South32 profit soars on recovery in commodity prices

Mining News Pro - Australian miner South32 Ltd posted a more than seven-fold rise in first-half underlying profit on Thursday that beat market estimates, helped by a broad recovery in prices for its metals.

The commodity gauges that underpin Goldman’s uber-bullish view

Mining News Pro - Goldman Sachs Group Inc.’s commodities guru says he has never seen markets this bullish before. These are the measures that explain what he was talking about.

Goldman commodity veteran says he’s never seen a market like it

Mining News Pro - Jeff Currie, the closely-followed head of commodities research at Goldman Sachs Group Inc., says he’s never seen commodity markets pricing in the shortages they are right now.

Glencore hits decade high on commodity price boom

Mining News Pro - Commodities giant Glencore Plc hit the highest in almost a decade, driven by rallies in everything from metals to coal and optimism for a years-long supercycle.

Commodity prices boost Queensland economic outlook

Mining News Pro - Queensland’s coal exports have delivered an extra $2.9 billion in royalties to the state’s budget, according to its mid-financial year update.

Large commodity customers to lean towards low-carbon emitters

Mining News Pro - Following international climate change commitments to reduce carbon emissions subscribed at the COP26, large consumers of commodities are examining the plans that mines have in place to cut their emissions – as well as the progress to date that might suggest how successful these plans will be.

Nicico: Copper cathode to be placed in the export ring of commodity exchange

Mining News Pro - Chief executive of Nicico company announced that copper cathode is going to be placed in the export ring of commodity exchange.

A new commodity squeeze could soon rival lumber’s recent historic shortage

Mining News Pro - Tin is in the grips of one of the longest-running squeezes ever seen in commodities markets, and there’s little sign of it letting up.

China’s big commodity inflation scare is easing

Mining News Pro - The commodities boom that helped propel producer inflation to a 26-year high in China is showing signs of waning, with the forces that pushed prices up over the past year now in retreat.

Tin ticks all the commodity supercycle boxes

Mining News Pro - Tin remains the superstar of the London Metal Exchange (LME) industrial metals pack.

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