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Robust Resource Outlook

I remain very optimistic with respect to prices and demand. In particular, recent positive Chinese commodity demand data and outcomes from the recent Chinese Communist Party Congress, will provide markets with direction and confidence.

We’ve seen strong gains right across the board in the commodity space this year - especially gold, oil, zinc, iron ore, coal, nickel and copper. What’s also interesting is that other more obscure metals like vanadium, tungsten and rare earths like neodymium, have joined the price party.

The common denominator among these metals is that they are predominantly produced in China and they have all been hit hard by Beijing’s recent environmental crackdown. Chinese premier Li Keqiang pledged at the annual National People’s Congress in March to make “our skies blue again”.


Driving interest at present are speculative developments in the Pilbara region of WA (conglomerate gold), the strong A$ gold price that continues to drive domestic producers, growing appreciation of the demand opportunities for a whole host of commodities related to the burgeoning electric vehicle (EV) industry and strong commodity prices right across the board.

From a broader perspective, the global economy is getting stronger and is forecast to grow at the fastest pace since 2011 this year, according to the OECD. Expansion will accelerate next year, with the biggest economies all contributing, the OECD says in its Interim Economic Outlook.

In the background we have China’s 'One Belt, One Road' initiative. The plan is to build a vast network of new trade routes across the globe, incorporating multiple high-speed rail networks to penetrate Europe, massive ports across Asia and Africa and a series of free-trade zones.

China is going to spend up to a trillion dollars on infrastructure projects and hopes to bind more than 65 countries and two-thirds of the world's population to its economy. It’s a massive global development undertaking that will require enormous commodity usage.

Finally, if President Trump can finally get some traction on the policy front, we might see some realisation of his proposed infrastructure renewal spending plans, which would deliver the boost to commodity demand that was anticipated in the wake of his election a year ago.

S&P Australian ASX

Small Resources Index


Source: Investing.com, 6 Oct 2017


With over 800 listed resource companies on the ASX, there are more investment opportunities available than most investors realise.


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20-Year Gold Price

Performance (AUD/oz)


Source: goldprice.org, 6 Oct 2017


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Robust Sector Outlook


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Some of Our
Strong Performers

Pilbara Minerals (ASX:PLS)
**Up 485% since initial coverage in Sept 2015

West African Resources
(ASX: WAF) **Up 400% since initial coverage in Sept 2015

Lake Resources (ASX: LKE)

**Up 422% since initial coverage in

October 2017

(**Gains as at 10 November 2017)


Gavin Wendt   
FOUNDING DIRECTOR &   
SENIOR RESOURCE ANALYST
   


Zinc prices rise to a
10-year high


Wendt sees metals trading sideways short-term


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