Australia

A second Donald Trump mandate could lead to marked shifts in global commodity prices, spurred by his pro-fossil fuel policies, potential tariffs, and aggressive trade stances. Oxford Economics noted that Trump has campaigned to "unleash a new ear for fossil fuels," as deregulation of the U.S....

Anglo American (OTC:AAUKF) has agreed to sell its 33.3% stake in the Jellinbah Group to Zashvin for $1.1 billion. Per the plan laid out earlier this year, the company is focusing on copper, iron ore, and crop nutrients. The joint venture holds a 70% interest in two major metallurgical coal mines in...

Despite a strong push for renewable energy, coal remains a key variable in meeting electricity demand. The disparity between the rapid pace of electrification and slower demand for renewable infrastructure has stalled its phaseout efforts. Last month, the International Energy Agency (IEA) revised...

BHP (NYSE:BHP) has backtracked on remarks by its Chairman, Ken Mackenzie, about "moving on "from its failed $49 billion bid for Anglo American (OTCQX:AAUKF). During BHP's annual shareholder meeting in Brisbane, MacKenzie had suggested that the Anglo American acquisition was a "nice to have, not a...

Leading gold miner Newmont (NYSE:NEM) has applied to extend the permit for its Cadia operation, Australia's largest underground mine, until 2050. Located near Orange in New South Wales (NSW), Cadia plays a significant role in Newmont's portfolio and the Australian mining sector. It produces nearly...

Editor’s note: This story has been updated to correct the figures in Goldman Sachs’ aluminum price forecast. Goldman Sachs has raised its aluminum price forecast, predicting significant price hikes due to an anticipated inventory shortage. The investment bank sees a tightening market,...

By RoboForex Analytical Department AUD/USD rebounded on Thursday after three consecutive days of declines. This was supported by robust employment data from Australia, which bolstered the hawkish outlook on the Reserve Bank of Australia's (RBA) monetary policy. Key Employment Data Highlights:...

The leading global miner Rio Tinto (NYSE:RIO) has missed analysts' estimates, scoring weaker-than-expected third-quarter production across the board. Despite this short-term weakness, the company's $6.7b acquisition of Arcadium Lithium is unlikely to meet criticism, given the long-term potential...

By RoboForex Analytical Department The AUD/USD pair climbed to 0.6922 on Monday, marking its highest point since February 2023. This surge was primarily triggered by China’s announcement of economic stimulus measures, which is significant given China’s status as Australia’s...

Fortescue Metals (OTC:FSUMF), a leading iron miner, has announced a $2.8 billion investment in fleet electrification. Despite falling iron ore prices and high energy prices that caused it to pause green hydrogen projects earlier this quarter, the company is firmly set on its green transition goals...

The recent uptick in mining mergers and acquisitions (M&A) is masking the slowdown in greenfield exploration projects. Companies are increasingly relying on acquisitions rather than the expensive and risky process of discovering new deposits. After making a new all-time high in May, copper has...

By RoboForex Analytical Department The AUD/USD pair has climbed to a new peak, reaching 0.6815, marking the highest level since 28 December of the previous year. This strength in the Australian dollar is partly due to the aggressive rate cuts by the US Federal Reserve, which has spurred...

Tilray Medical, a division of Tilray Brands, Inc. (NASDAQ:TLRY) (TSX:TLRY) announced on Wednesday the launch of Redecan EU-GMP certified medical cannabis products in Australia. What Happened: The following Redecan products are now available for medical cannabis patients in Australia...

Australia is set to introduce new legislation aimed at banning children from using popular social media platforms like Elon Musk’s X, Mark Zuckerberg‘s Meta Platforms Inc (NASDAQ:META)-owned Instagram and Facebook, and Bytedance‘s TikTok. The move is driven by growing concerns...

The highly anticipated robotaxi event for Tesla Inc (NASDAQ:TSLA) on Oct. 10 could unveil what the company's future vehicle will look like and key features such as a new report of reversible seats. What Happened: Originally scheduled for Aug. 8, the robotaxi day is among the most anticipated events...