This Month
Wartime inflation shock ‘catastrophic’ as fertiliser, plastics soar
The soaring price of lesser known commodities from the Iran war is a double whammy for farmers and manufacturers that have already been hit by the oil shock.
Morgan Stanley says Australia at ‘front of the queue’ for oil hit
The Wall Street investment bank’s strategists have told clients that an extended conflict in the Middle East could have an outsized hit to earning on the ASX.
Oil settles modestly higher in New York as volatility persists
A roller-coaster day for crude reflected how nervous global investors are about the potential escalation of the war, and how eager they are for any good news.
Crude prices are ‘not telling the full story’ of this oil crisis
The spike in Brent above $US110 a barrel has been relatively contained. But look beneath the surface and there are signs that energy markets are under massive strain.
The biggest oil risk is at the bottom of the barrel
The Iran war has turned the energy industry upside down. Fuel oil is now an ultra-expensive commodity – and that’s bad news for the global economy.
Iron ore falls victim to wild markets as prices reverse
Fresh off its biggest weekly gain in more than a year, the iron ore price reversed suddenly on Monday and is expected to keep falling.
Iron ore cargoes diverted from the Middle East as conflict intensifies
Benchmark iron ore futures surged more than 4 per cent toward $US110 a tonne in Singapore as war chokes one of the world’s most critical shipping lanes.
‘Unfathomable’: Oil traders left reeling after historic 24 hours
US oil traded in the widest range since prices turned negative during the depths of the pandemic, and strategists warn the volatility is far from over.
Traders forced to liquidate gold to cover sharemarket losses
Gold slumped more than 6 per cent overnight as a violent sell-off in global equity markets has forced investors to sell the yellow metal to meet margin calls.
Oil faces biggest threat in 50 years as Iran crisis disrupts Hormuz
Markets are bracing for a prolonged shutdown of the vital Strait of Hormuz which could rocket oil prices as high as $US150 a barrel.
OPEC+ to resume oil output increases as Iran conflict rages
The conflict in the Middle East threatens to disrupt global oil flows, and disruption ins the Strait of Hormuz may limit capacity to boost supply.
Crypto market hedges Iran war risks with 24/7 oil and gold trading
A popular 24/7 crypto trading venues has become an unlikely hotspot for commodities this weekend, as traders scramble to hedges against Iran.
February
Lithium price spike after major producer curtails exports
The battery material surged 15 per cent this week after Zimbabwe said it would promote local processing, fanning fears of a supply crunch.
ASX’s nickel stocks get sugar hit from Indonesia’s output curb
Nickel prices have jumped after the world’s largest mine was instructed to ease production and avoid oversupply, lifting ASX-listed resources stocks.
Lithium prices have tripled since June, but can the rebound last?
Spodumene, the type of battery metal mined in Australia, has rocketed amid China’s crackdown on oversupply and price wars. Is it too late to get in on the action?
Iron ore at risk if Canberra ‘weaponises’ supply against China
Amid the geopolitical tussle, the Commonwealth Bank has noted a worrying sign that the Asian nation is starting to reduce its reliance on Australian production.
Jittery fund managers cut gold exposure as volatility explodes
With the volatility in gold more extreme than bitcoin this month, red flags are emerging and forcing money managers to rethink their exposure to the metal.
Investors rush into ASX-listed rare earths amid Trump stockpile plan
A string of commodities hopefuls and producers saw shares rise on Tuesday after the White House unveiled a $17 billion fund to reduce reliance on China.
Record gold, silver prices aren’t based on reality
With the Winter Olympics starting in Italy in a few days, the surge in precious metals has made those first and second-place medals even more lustrous.
January
Gold and silver plunge as wild swings rock metals market
In a whipsawing reversal of a scorching rally that lifted prices to all-time highs, gold plummeted below $US5000 an ounce and silver below $US85 an ounce.
Oil hits $US71 a barrel on Trump’s escalating Iran threats
Brent Crude extended its unexpected rally to start the year, despite a global glut, as the US president injects a renewed risk premium into prices.
ASX uranium stocks go nuclear as prices rise to two-year highs
Some of the country’s biggest uranium miners are seeing shares surge amid investor interest in the nuclear fuel, and heavy buying by major funds overseas.
Gold hits record as it surges past $US5300
Gold surged to its second record in a week as weakness in the US dollar helped stoke a rush in demand for commodities.
Forget the gold bullion rush, Chinese buyers are clamouring for copper
The soaring price of the commodity has lit up social media, with spruikers selling kilogram bars and promoting it akin to bitcoin more than a decade ago.
Gold smashes past $US5000 in frenzy fuelled by global upheaval
The precious metal jumped as much as 2.5 per cent, extending a breakneck rally amid an investor flight from sovereign bonds and currencies.
