Today
China must ramp up housing rescue to boost growth, economists warn
Amid doubts over whether China can meet its lofty 5 per cent GDP target, analysts say Beijing needs “a complete change in mindset” to revive the property market.
- Bloomberg News
This Month
The market’s most ‘contrarian play’ is high-risk, high-reward
With fund managers’ allocation to commodities at a multi-year low, traders are weighing the chance to front-run a rebound, but that involves a big bet on China.
- Alex Gluyas
Iron ore tipped to fall below $US80, forcing mine closures
Bank of America cautioned that the price of Australia’s key export could slump more than 10 per cent, which would force a new wave of miners to exit the market.
- Alex Gluyas
CBA warns of $US80 iron ore price as China’s steel crisis deepens
Commonwealth Bank warned the risk of $US80 iron ore is ‘not too far from current reality’ on the same day as Goldman cut its forecasts by 15 per cent. Brokers says that more producers need to cut output.
- Alex Gluyas
‘Stars aligning’ for breakout rally in gold, silver
Traders are piling into the precious metals ahead of the Federal Reserve’s hotly anticipated board meeting this week, extending a powerful rebound in resources stocks.
- Alex Gluyas
Traders gear up for commodity rally as supply shocks rock markets
Australian miners notched their best week so far this year as investors rush back to the beaten-up sector in hopes the commodities comeback is just beginning.
- Alex Gluyas
Putin’s ‘jawboning’ of the West with uranium threat unleashes rally
Commodity markets have been rocked after the Russian president suggested limiting metal exports, but pundits are divided on whether he will follow through.
- Alex Gluyas
Fundies ring the bell on lithium prices after protracted rout
The rebound in ASX lithium stocks extended into Thursday’s session, with traders scrambling to reposition for further gains in prices for producers.
- Alex Gluyas
Lithium stocks roar back as short sellers scramble on mine closure
Some of the sharemarket’s most shorted lithium stocks surged after reports that a major project has been suspended in China, which could be a boon for prices.
- Alex Gluyas
Brent oil tumbles below $US70 as oversupply fears deepen rout
The global benchmark briefly shed more than 4 per cent in New York, with US crude plunging more than 4.5 per cent.
- Antonia Mufarech and Alex Longley
Iron ore drops below $US90 as China ‘contagion’ batters commodities
The growing risk of a US recession has compounded anxiety about China’s property crisis, escalating a collapse in raw material prices.
- Alex Gluyas
Copper’s mega-bulls are ‘throwing in the towel’
Once hailed as the decade’s best commodity bet, investors are being forced to temper their expectations following a near 20 per cent slump in prices.
- Alex Gluyas
Iron ore slides below $US100 a tonne as stock sits on Chinese docks
Strategists are warning that the commodity, one of Australia’s key exports, would continue to sink amid depressed demand for steel in China this year.
- Alex Gluyas
August
Why a surging gold price could signal ‘more sinister’ times ahead
Investors are being urged to look further into the record-breaking rally in gold prices, and a “quiet trade” unfolding in Russia and China.
- Alex Gluyas
Gold bulls delight in Jackson Hole as Powell juices rally
Investors say the Federal Reserve chairman’s speech was a watershed moment for bullion.
- Updated
- Sybilla Gross and Yvonne Yue Li
Iron ore’s spike above $US100 won’t last: strategists
The price of Australia’s key export has bounced 10 per cent in just two weeks, catching hedge funds off guard.
- Alex Gluyas
Lithium mine closures just ‘tip of the iceberg’
UBS is the latest broker to slash its lithium forecasts, warning that more projects need to close or pause production to end the collapse in prices.
- Alex Gluyas
‘Would be a disaster’: nervous short-sellers brace for iron ore at $US100
The Asian hedge funds targeting Australia’s largest mining stocks are looking on anxiously after the steelmaking ingredient staged a rapid rebound this week.
- Alex Gluyas
Investors are buying up gold stocks before the first US rate cut
The precious metal is the standout commodity this year, jumping 21 per cent to fresh records on expectations that the US dollar will weaken. It has also lit a fire under ASX-listed producers.
- Cecile Lefort
Iron ore crash threatens Chalmers’ budget surplus hopes
The unfolding crisis in China’s steel market has intensified the plunge in Australia’s key export, with analysts warning that prices probably have further to fall.
- Alex Gluyas
