Hello mooers! Check out the latest market dynamics of the metals and mining industry over the past week. •Base metals: Copper prices decline by 1.9% in a week •Energy metals: Li carbonate prices drop to three-year low •Precious metals: Gold prices fell by 1.7% in the past week •Bulk commodities: Thermal coal prices rise to three-month high Spot Price Snapshot Key Price Move...
SamTheMan123
OP
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BHP ($BHP Group Ltd (BHP.AU)$) has finally pulled the plug for its loss-making Nickel West operations in Western Australia after sinking US$3 billion into the venture over the past four years. Downward spiraling nickel prices have caused a major crisis among WA-based miners and developers. In the past year alone, we have witnessed: IGO (ASX:$IGO Ltd (IGO.AU)$) report a billion-dollar impairment of its Western Areas assets (acquired in December 2021 for $1.26 billion) Panoramic Resources (ASX:$Panoramic Resources Ltd (PAN.AU)$) was put...
This week global markets will focus on end-of-quarter and half-year rebalancing ,while in Australia its end of financial year (EOFY). This seasonal event can cause stock volatility but also presents opportunities for investors. Rebalancing and portfolio optimization During EOFY, half-year,and quarter-end,investors and fund managers rebalance their portfolios.This may involve trimming overperforming stocks ("winners") and potentially selli...
Hello mooers! Check out the latest market dynamics of the metals and mining industry over the past week. •Base metals: Industrial metals fall due to a lack of buying interest in China •Precious metals: Gold, silver fell 2.1% and 4.1% respectively •Bulk commodity: Thermal coal rose 8% Spot Price Snapshot Key Price Moves $Copper Futures(MAY5) (HGmain.US)$and$Aluminum Futures(JUN5) (ALImain.US)$, along with ot...
Hello mooers! Check out the latest market dynamics of the metals and mining industry over the past week. •Base metals: Industrial metals fall due to a lack of buying interest in China •Precious metals: Gold, silver fell 2.1% and 4.1% respectively •Bulk commodity: Thermal coal rose 8% Spot Price Snapshot Key Price Moves $Copper Futures(MAY5) (HGmain.US)$and$Aluminum Futures(JUN5) (ALImain.US)$, along with o...
IGO Ltd Stock Forum
Top losers: $Spark New Zealand Ltd (SPK.AU)$, $Zimplats Holdings Ltd (ZIM.AU)$ and $Meridian Energy Ltd (MEZ.AU)$
Market summary
The $S&P/ASX 200 (.XJO.AU)$ rose 0.8% to 7854.1. Australian stocks started the week higher, boosted by China's plan to boost consumption.
Sector performance
7 of 11 sectors ended higher. Despite the fall in iron ...
•Base metals: Copper prices decline by 1.9% in a week
•Energy metals: Li carbonate prices drop to three-year low
•Precious metals: Gold prices fell by 1.7% in the past week
•Bulk commodities: Thermal coal prices rise to three-month high
Spot Price Snapshot
Key Price Move...
Downward spiraling nickel prices have caused a major crisis among WA-based miners and developers. In the past year alone, we have witnessed:
IGO (ASX: $IGO Ltd (IGO.AU)$ ) report a billion-dollar impairment of its Western Areas assets (acquired in December 2021 for $1.26 billion)
Panoramic Resources (ASX: $Panoramic Resources Ltd (PAN.AU)$ ) was put...
Rebalancing and portfolio optimization
During EOFY, half-year,and quarter-end,investors and fund managers rebalance their portfolios.This may involve trimming overperforming stocks ("winners") and potentially selli...
• Top losers: $Mineral Resources Ltd (MIN.AU)$, $Liontown Resources Ltd (LTR.AU)$, $IGO Ltd (IGO.AU)$
Market Performance
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.3% higher at 7796.0, completing a positive week driven by gains in utility, energy, and health stocks. The benchmark index remained relatively stable, moving only 0.1% across the prev...
•Base metals: Industrial metals fall due to a lack of buying interest in China
•Precious metals: Gold, silver fell 2.1% and 4.1% respectively
•Bulk commodity: Thermal coal rose 8%
Spot Price Snapshot
Key Price Moves
$Copper Futures(MAY5) (HGmain.US)$ and $Aluminum Futures(JUN5) (ALImain.US)$, along with ot...
•Base metals: Industrial metals fall due to a lack of buying interest in China
•Precious metals: Gold, silver fell 2.1% and 4.1% respectively
•Bulk commodity: Thermal coal rose 8%
Spot Price Snapshot
Key Price Moves
$Copper Futures(MAY5) (HGmain.US)$ and $Aluminum Futures(JUN5) (ALImain.US)$, along with o...
• Top losers: $Worley Ltd (WOR.AU)$, $Megaport Ltd (MP1.AU)$, $Ampol Ltd (ALD.AU)$
Market Performance
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.35% higher at 7664.1 but still completed its first month of losses since October. The benchmark index notched a second straight daily gain amid strength in shares of its largest companies, but los...
• Top losers: $Boss Energy Ltd (BOE.AU)$, $Liontown Resources Ltd (LTR.AU)$, $IGO Ltd (IGO.AU)$
Market Performance
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 1.8% lower at 7612.5, with losses across all sectors pushing the benchmark to its lowest close in almost two months.
The consumer discretionary sector led the...
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