Commodities will rally when the Fed cuts rates, Invesco says

Commodities usually rally when central banks cut interest rates, bolstering the case for going long raw materials in the coming months, according to Invesco Ltd.

Goldman veteran Jeff Currie remains bullish on commodities this year

Mining News Pro - Jeff Currie, who spearheaded commodities research at Goldman Sachs Group Inc. for almost three decades, remains bullish on the sector for this year.

Top 10 sustainability predictions for commodities in 2024

Mining News Pro - Global mining and metals sector consultancy CRU has released its top 10 sustainability predictions for commodity markets in 2024, covering topics that were already hot this year. These include reporting standards, nature conservation, climate action, carbon pricing and critical raw materials.

‘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”.

Khuzestan Steel Company modifying their consumption pattern

Mining News Pro - The CEO of Khuzestan Steel Company, said: "The culture of consumption in our company should be institutionalized, of course, the aim is not to eliminate costs absolutely, but to control costs." There is a need to make past experiences a beacon for the future.”

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.

The hottest trade in equity options is spreading to commodities

Mining News Pro - Commodity investors are following a hot trend in equities trading, using short-term options to bet on events from jobs and crop reports to OPEC meetings.

Uranium price showing resilience relative to other commodities

Mining News Pro - The U3O8 uranium spot price fell slightly from $50.85 to $50.70 in March and remains up 4.93% year-to-date as of March 31, 2023, showing strength relative to other commodities, which declined 6.47% YTD (as measured by the BCOM Index), Sprott Asset Management said in its latest uranium report.

BHP expects China to underpin commodities demand in 2023

Mining News Pro - China is set to be a stabilizing force for commodities demand this year as developed nations face economic headwinds, BHP Group Ltd said on Thursday as it posted higher quarterly iron ore shipments that edged past expectations.

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.

Which commodities are Leading the 2022?

Mining News Pro - Industrial metals, iron ore and rubber are on track to finish in negative territory, pushed down in 2022 by China’s strict zero-covid policy and fears of a world recession.

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.

China’s hunger for commodities is wavering after years of growth

Mining News Pro - China’s imports of key commodities face some mighty headwinds in the second half, which could spell trouble for the producers around the globe that rely on its economic engine to power demand for their energy, food, and materials.

Australia sees commodities boom lifting exports to fresh record

Mining News Pro - Australia’s minerals exports are set to reach unseen heights for a second year, as a global crunch lifts the value of the nation’s coal and natural gas.

Banks step up trade finance in global commodities boom

Mining News Pro - Major banks are ratcheting up funds for the global commodities trade as Russia’s war in Ukraine drives up prices for everything from crude oil to corn.

Australia sees commodities boom lifting exports to fresh record

Mining News Pro - Australia’s minerals exports are set to reach unseen heights for a second year, as a global crunch lifts the value of the nation’s coal and natural gas.

Commodities hit July storm with Putin and Powell stirring fear

Mining News Pro - Commodities are careering into a second-half that promises as much turmoil as the first, with the world facing an escalating energy crisis, copper plunging on Fed-fueled recession fears, and Russian President Vladimir Putin delivering a shock for Shell Plc.

Commodities face recession test even as Goldman stays bullish

Mining News Pro - Commodities are hitting powerful headwinds after a first-half dominated by the supply turmoil and inflationary shocks unleashed by Russia’s attack on Ukraine. Below, What to Watch looks at what the second half holds for raw materials from natural gas and crude to grains, gold, iron ore, and lithium.

Commodities broker Marex posts record profit on market boom

Mining News Pro - London brokerage Marex Group posted record profit last year as prices for energy, metals and agricultural products soared with economies reopening after pandemic lockdowns.

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 says be ready for 40% commodities rally in market shift

Mining News Pro - Commodities could surge by as much 40% — taking them far into record territory — should investors boost their allocation to raw materials at a time of rising inflation, according to JPMorgan Chase & Co.

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