Yesterday
Lithium stocks rally reveals M&A hope for juniors
Rio’s takeover of Arcadium has unleashed a rally in the ASX’s junior lithium stocks, but the lagging performance of the major producers means they are expected to miss out on the next wave of deals.
- Alex Gluyas
Why chocolate bars are about to get pricier before Christmas
The prices of chocolate, sugar and orange juice are on the rise, creating an even bigger inflation headache for the RBA.
- Cecile Lefort
This Month
This ASX micro miner is rocketing on the next commodity boom
A small crop of Australian producers are profiting from China’s huge demand for a key ingredient used for aluminium that is now suddenly in short supply.
- Alex Gluyas
Lithium stocks ‘one deal away’ from going on a tear: E&P
Investors are facing a shrinking pool of lithium stocks to invest in after Rio Tinto’s Arcadium bid. A takeover of Pilbara Minerals or Liontown could reignite a resurgence in the sector.
- Alex Gluyas
Resources funds are making a comeback after a ‘long two years’
Managers of the country’s largest commodity funds were busy buying mining stocks in September as China’s stimulus offered a rare opportunity to catch up on performance.
- Alex Gluyas
The endless downfall of a crypto power couple
He was a wealthy FTX crypto executive; she was a Washington policy wonk. Now the newlyweds are both headed to prison.
- David Yaffe-Bellany
Brokers stick with stimulus bets after meltdown
Investors have delivered a cool assessment of whether China’s stimulus lives up to the hype, but brokers are refusing to give up on the easy money dream.
- Alex Gluyas and Sarah Jones
Iron ore, stocks suffer brutal reversal as China hopes dashed
Chinese officials fell well short of the multitrillion-yuan stimulus package predicted by some analysts, wrong-footing bullish commodity and equity markets.
- Alex Gluyas
Iron ore to hit $US120 if China ramps up stimulus
Citi believes iron ore and base metals are set to rally if China delivers a whopping 10 trillion yuan ($2.1 trillion) stimulus package that the market had been pricing in.
- Updated
- Alex Gluyas
Oil surges to $US80 a barrel as conflict sparks supply fears
Traders are concerned about a strike on energy infrastructure in the Middle East that could hinder oil supplies after Iran’s missile attack on Israel last week.
- Matthew Cranston
- Updated
- Petrol prices
Petrol price spike threat as Israel ponders hit on Iranian oil fields
The rising threat of a regional war in the Middle East also scuppered the ASX’s three-week winning streak, which had sent the local bourse to record highs.
- Updated
- Alex Gluyas and Matthew Cranston
September
Iron ore rockets 10pc as ASX, China records tumble
The price of Australia’s key export soared above $US110 a tonne on Monday, extending a rally in mining stocks and lifting the sharemarket to a record.
- Alex Gluyas
Iron ore’s ‘fundamentals’ still point to lower price: Goldman
The steelmaking material surged more than 10pc on news of China’s latest efforts to stoke its flailing economy. But Goldman says the advance will prove fleeting.
- Timothy Moore
China pledges more stimulus, driving asset prices higher
China’s Politburo injected fresh excitement into financial markets on Thursday, pushing for more fiscal spending to stabilise the property sector.
- Updated
- Alex Gluyas
China kills ASX bank rally as money piles into miners
Traders are scrambling after China’s latest effort to boost its economy prompted investors to rapidly pull money from the big four banks and pile into the mining sector.
- Updated
- Alex Gluyas
Markets cheer China stimulus, but pundits warn it’s no ‘bazooka’
Iron ore futures surged 6 per cent, triggering a rally in ASX mining stocks, but China’s latest support package may not have a lasting impact on commodity prices.
- Alex Gluyas
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
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
