Metals and mining firms face diverse impact from energy transition – Fitch

Metals and mining companies will face varying impacts from the transition to a low-carbon economy, including diverging demand trends and the need to transform production processes and switch to greener energy sources and cleaner feedstock, Fitch Ratings says in a sector-specific Climate Vulnerability Scores (Climate.VS) report. Climate.VS vary depending on companies’ demand and supply outlooks, […]

Read more

Australia’s resources, energy export earnings forecast to surge to a record $425 billion for 2021-22. 

Australia’s resources and energy export earnings are forecast to surge to a record-high $425 billion for 2021-22, according to the latest report from the Department of Industry, Science, Energy, and Resources’. Minister for Resources and Water Keith Pitt said the latest forecast is up a stunning 12 percent on the December 2021 quarterly projection of […]

Read more

Industrial metals slip on China Covid surge; aluminium prices shed 2.1%; Russia limits profits of its metallic firms

Industrial metals prices slipped as rising cases of the Omicron variant of Covid-19 dampened the economic outlook for top metals consumer China, but supply concerns underpinned prices. Benchmark prices for aluminium shed 2.1 per cent to $3,252 per tonne in official trading activity, after sinking 4.7 per cent in the previous session. Three-month copper was down […]

Read more

Russia-Ukraine crisis to raise input cost, but also boost exports for Indian steel firms: ICRA

Sanctions on Russia, following its invasion of Ukraine, will push up input cost for domestic steel companies for a while till raw material trade flows readjust. The disruptions, however, will also lead to export opportunities for Indian steel makers, rating agency ICRA said in a research note. Being the fifth largest coal producer globally, Russia […]

Read more

As Ukraine crisis escalates, watch out for these five commodities

U.S. lawmakers have said they are devising the “mother of all sanctions” against Russia as a method of defending Ukraine that would be “crippling to [the Russian] economy.” The 5 key commodities likely to be hardest hit are: #1. Aluminum Russia accounts for approximately 6% of global aluminum supply. While China is the world’s biggest aluminum producer, […]

Read more

Healthy demand, shortages – and now the Russia-Ukraine crisis – spur nickel’s climb to decade highs

Nickel prices climbed to their highest in more than a decade last week as low inventories, healthy demand from manufacturers of electric vehicle batteries and worries about supplies from Russia spurred buying. Benchmark nickel on the London Metal Exchange was up 1.5% at $24,515 a tonne, having earlier hit $24,610 a tonne, the highest since […]

Read more