Silver Set to Play Catch Up With Rampant Gold?
All eyes are on the precious metals market, as gold has hit a fresh all-time high of US$2,232.75. In A$ terms it’s trading at a record of A$3,429.72. According to Bank of America, China boosted its imports of gold for non-monetary use by 51% to 367 tons during...Oil Sector Remains a Behemoth
This graphic from a recent Morgan Stanley oil sector presentation is enlightening, as it puts the size of the sector into perspective compared to other commodities – at $2.1 trillion the oil sector is 7.5 times larger than the next biggest commodity, iron ore....Nickel – Indonesia to Continue to Dominate Nickel Price Action
Indonesia, the world’s largest nickel exporter, has a sobering message for struggling producers of the battery metal elsewhere: don’t expect any meaningful revival in prices. Septian Hario Seto, the government official who has overseen Indonesia’s nickel processing...Gold Remains A Standout Investment
Gold remains an important store of value, serving as a hedge and retaining value during economic crises. In 2023, amid uncertainty about US interest rates and continued geopolitical risks, the metal once again demonstrated its importance by hitting a new record in...Coal Still Has a Major Role to Play in Energy Generation
The latest data shows that worldwide coal-fired electricity generation hit a record high during 2023, as thermal coal exports simultaneously surpassed 1 billion metric tons for the first time. Coal-fired electricity generation was 8,295 terawatt hours (TWh) through to October 2023, up 1% from the same period in 2022 and the highest on record. Globally, around 82% of all coal-fired electricity generation occurred within Asia, up from 75% in 2019.