Opalesque Commodities Briefing » Commodity Crisis http://www.opalesque.com/Commodities_Briefing Wed, 30 Nov 2016 00:03:38 +0000 http://wordpress.org/?v=2.5.1 en China heading for ‘financial crisis’ that could have ‘very serious repercussions’ for global economy, IMF warns http://www.opalesque.com/Commodities_Briefing/?p=143796 http://www.opalesque.com/Commodities_Briefing/?p=143796#comments Sun, 09 Oct 2016 23:29:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143796 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143796>Article Link</a> ‘There is no doubt that a calamity or a problem in China would have very serious repercussions for the global economy,’ says IMF director. China could be heading for a financial crisis due to the level of financial and corporate debt, the International Monetary Fund (IMF) has warned. (more…)

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The worst is over for commodities http://www.opalesque.com/Commodities_Briefing/?p=143794 http://www.opalesque.com/Commodities_Briefing/?p=143794#comments Thu, 06 Oct 2016 22:48:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143794 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143794>Article Link</a> Anil Agarwal, Founder Chairman, Vedanta, says oil along with aluminium and zinc will be driving growth. “The worst is over. We are going upward and I am very comfortable that prices are moving at the right level.” (more…)

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The biggest threats facing the world economy http://www.opalesque.com/Commodities_Briefing/?p=143755 http://www.opalesque.com/Commodities_Briefing/?p=143755#comments Wed, 05 Oct 2016 23:26:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143755 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143755>Article Link</a> The IMF has released its latest outlook for the global economy. Here are eight charts that show the challenges the world faces in the coming years. The global recovery remains subdued. For the UK, the good news is that in the short term, the impact of the Brexit vote is likely to be limited. (more…)

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Will China Trigger the Next Economic Crisis? http://www.opalesque.com/Commodities_Briefing/?p=143479 http://www.opalesque.com/Commodities_Briefing/?p=143479#comments Fri, 16 Sep 2016 00:56:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143479 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143479>Article Link</a> China’s economic deceleration is already playing out across the world, causing many commodities to weaken to levels not witnessed since the global financial crisis and the economies of major trading partners to deteriorate. This has created uncertainty in a global economy replete with economic and political cleavages. (more…)

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Major mining assets change hands after commodity rout http://www.opalesque.com/Commodities_Briefing/?p=142695 http://www.opalesque.com/Commodities_Briefing/?p=142695#comments Tue, 26 Jul 2016 01:11:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142695 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142695>Article Link</a> Large mining companies are selling off prized assets after the prolonged global commodities markets rout left some with high levels of debt. Anglo American, Glencore and Freeport have been at the forefront of those companies trying to sell, but BHP Billiton and Rio Tinto have also been seeking to rationalise their assets while signalling an interest in acquisitions. (more…)

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Global Trouble From Low Commodity Prices (Video) http://www.opalesque.com/Commodities_Briefing/?p=142596 http://www.opalesque.com/Commodities_Briefing/?p=142596#comments Tue, 19 Jul 2016 01:44:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142596 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142596>Article Link</a> Carl Weinberg, chief economist at High Frequency Economics, talks about the global economic consequences of low commodity prices, currency wars, and interest rate disparities. He speaks on “Bloomberg Surveillance.” . (more…)

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Commodities are crushing it in 2016: Here’s why http://www.opalesque.com/Commodities_Briefing/?p=142334 http://www.opalesque.com/Commodities_Briefing/?p=142334#comments Fri, 01 Jul 2016 01:28:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142334 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142334>Article Link</a> Halfway through the year, commodities are enjoying a broad advance and are on track to break a five-year streak of annual losses. Analysts said the climb is likely to continue through the end of the year, but some don’t expect the second-half rally to be quite as impressive as the gains seen over the last six months. (more…)

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Japan’s Komatsu Warns Brexit Vote Could Delay Commodity Rebound http://www.opalesque.com/Commodities_Briefing/?p=142277 http://www.opalesque.com/Commodities_Briefing/?p=142277#comments Tue, 28 Jun 2016 01:00:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142277 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142277>Article Link</a> The U.K.’s vote to leave the European Union could delay a recovery in commodity prices, while the yen’s response to the Brexit decision, soaring to within sight of 99 to the dollar, was an overreaction, according to Komatsu Ltd.’s chief financial officer. (more…)

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Is the worst now over for commodity prices? http://www.opalesque.com/Commodities_Briefing/?p=141848 http://www.opalesque.com/Commodities_Briefing/?p=141848#comments Mon, 30 May 2016 23:36:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141848 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141848>Article Link</a> The last couple of years have been truly horrific for investors in a number of resources companies. Profits have tumbled, share prices have plunged and investor sentiment towards mining and oil and gas companies in particular has weakened significantly. (more…)

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Why the commodity slump could be a good thing for Africa http://www.opalesque.com/Commodities_Briefing/?p=141847 http://www.opalesque.com/Commodities_Briefing/?p=141847#comments Mon, 30 May 2016 23:36:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141847 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141847>Article Link</a> There is an urgent need for diversification of Africa’s economies and while it is having an immediate negative effect, the recent commodities slump is beginning to drive change. For example, some investors in Nigeria who have historically thrown their lot behind the oil and gas industries are now looking to buy large tracts of agricultural land in a bid to mitigate the effects of the slump in the commodities sector. (more…)

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Chinese commodities fall on oversupply concerns http://www.opalesque.com/Commodities_Briefing/?p=141709 http://www.opalesque.com/Commodities_Briefing/?p=141709#comments Fri, 20 May 2016 02:54:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141709 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141709>Article Link</a> Most Chinese commodities futures fell on Thursday, amid cautious sentiment caused by a supply glut for some industrial metals and a possible U.S. interest rate hike. Some traders are concerned that China’s own interest rate easing cycle could be over, limiting the prospects for the world’s No. 2 economy and prompting investors to become bearish on commodities amid concerns on demand recovery. (more…)

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China’s commodities meltdown could rock the markets http://www.opalesque.com/Commodities_Briefing/?p=141604 http://www.opalesque.com/Commodities_Briefing/?p=141604#comments Fri, 13 May 2016 01:28:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141604 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141604>Article Link</a> For the moment, the following is the shock NOT heard ’round the world … at least not yet. Rampant speculation in China’s commodities markets could very well be the next “black swan” event that rocks global markets and possibly the global economy. (more…)

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Commodity Rout Hits Home as South Africa Has Record Output Drop http://www.opalesque.com/Commodities_Briefing/?p=141601 http://www.opalesque.com/Commodities_Briefing/?p=141601#comments Fri, 13 May 2016 01:27:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141601 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141601>Article Link</a> South Africa’s mining production fell the most since at least 1980 after the country’s biggest gold and platinum mines halted unprofitable output. Production declined 18 percent in March from a year earlier, accelerating February’s revised contraction of 8.3 percent, Statistics South Africa spokesman Juan-Pierre Terblanche said by phone Thursday. (more…)

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Commodities fall back to earth on China worries http://www.opalesque.com/Commodities_Briefing/?p=141523 http://www.opalesque.com/Commodities_Briefing/?p=141523#comments Tue, 10 May 2016 01:35:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141523 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141523>Article Link</a> Commodities from copper to iron ore fell sharply on Monday, as a speculative rally lost steam over fresh worries about economic growth in China, the world’s biggest consumer of raw materials. (more…)

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China’s commodities lose more froth as economic worries underpin curbs http://www.opalesque.com/Commodities_Briefing/?p=141476 http://www.opalesque.com/Commodities_Briefing/?p=141476#comments Fri, 06 May 2016 01:28:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141476 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141476>Article Link</a> Chinese steel and iron ore futures fell sharply for a third straight day and other commodities also slid on Thursday, giving up more froth after Chinese exchanges slapped curbs to quell speculation that spurred a buying frenzy last month. (more…)

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China’s Commodities Bubble http://www.opalesque.com/Commodities_Briefing/?p=141422 http://www.opalesque.com/Commodities_Briefing/?p=141422#comments Wed, 04 May 2016 01:03:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141422 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141422>Article Link</a> Irrational exuberance in China’s commodities markets used to be a curiosity. Every few years the price of mung beans or garlic would spike by a few hundred percent, but few outside the country paid much attention. Now that Chinese speculators are moving the global price of key commodities, it’s no joking matter. (more…)

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Get Ready for China’s Commodities Crash http://www.opalesque.com/Commodities_Briefing/?p=141374 http://www.opalesque.com/Commodities_Briefing/?p=141374#comments Mon, 02 May 2016 01:36:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141374 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141374>Article Link</a> China’s commodities rally has extended beyond its futures market into equities. But now the government is putting on the brakes—and investors could be hit hard.China’s commodity futures markets are looking like its stock markets a year ago, when hordes of investors bet huge sums, setting the stage for a painful crash. (more…)

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How to avoid the commodities curse http://www.opalesque.com/Commodities_Briefing/?p=141352 http://www.opalesque.com/Commodities_Briefing/?p=141352#comments Fri, 29 Apr 2016 01:26:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141352 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141352>Article Link</a> Papua New Guinea lays out the challenges in stark and basic terms following slump in prices. If you want evidence of the “commodities curse”, look no further than Port Moresby, the raggle-taggle capital of Papua New Guinea. (more…)

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Commodity price slump makes recycling uneconomical http://www.opalesque.com/Commodities_Briefing/?p=141136 http://www.opalesque.com/Commodities_Briefing/?p=141136#comments Mon, 18 Apr 2016 03:24:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141136 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141136>Article Link</a> Collapsed global commodity prices for metals, paper and crude oil mean the materials households and businesses dutifully place on curb sides are increasingly not worth the cost of collecting. (more…)

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South America Suffers From End of Commodities Boom http://www.opalesque.com/Commodities_Briefing/?p=141079 http://www.opalesque.com/Commodities_Briefing/?p=141079#comments Wed, 13 Apr 2016 01:45:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141079 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141079>Article Link</a> World Bank foresees second year of economic contraction in Latin America and the Caribbean. The economies of Latin America and the Caribbean will likely contract for a second consecutive year, dragged down by South American countries that rely heavily on commodities and are more exposed to the slowdown in China, the World Bank said Tuesday. (more…)

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World’s poorest countries rocked by commodity slump and strong dollar http://www.opalesque.com/Commodities_Briefing/?p=141037 http://www.opalesque.com/Commodities_Briefing/?p=141037#comments Mon, 11 Apr 2016 01:33:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141037 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141037>Article Link</a> Jubilee Debt Campaign warns that developing countries are struggling to make debt payments as revenues deteriorate. The collapse in global commodity prices and a stronger US dollar have depleted the public coffers of some of the world’s poorest countries and will leave them as much as $61bn (£43bn) worse off this year, a report has warned. (more…)

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The commodities slump won’t undermine Australia’s banks http://www.opalesque.com/Commodities_Briefing/?p=140853 http://www.opalesque.com/Commodities_Briefing/?p=140853#comments Tue, 29 Mar 2016 01:14:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140853 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140853>Article Link</a> Australians hate a tall poppy, which means the country’s richly valued banks are liable to get cut down at the first hint of bad news. So when Australia & New Zealand Banking Group admitted last week that it would have to take higher bad-debt charges due to the slump in commodity prices the shares fell as much as 6 per cent, the biggest drop in more than seven months. (more…)

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Commodity, currency slump hit economies http://www.opalesque.com/Commodities_Briefing/?p=140832 http://www.opalesque.com/Commodities_Briefing/?p=140832#comments Thu, 24 Mar 2016 03:23:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140832 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140832>Article Link</a> Slumping commodity prices have taken African currencies down with them, exposing the fundamental economic frailties of the world’s poorest continent by driving up inflation in countries that import most of their manufactured goods. (more…)

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Commodity Crisis Eats into Global Capex http://www.opalesque.com/Commodities_Briefing/?p=140745 http://www.opalesque.com/Commodities_Briefing/?p=140745#comments Fri, 18 Mar 2016 01:15:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140745 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140745>Article Link</a> The global slump in commodity prices that has seen the benchmark Goldman Sachs Commodity index slump by around 50% over the past 20 months, has already claimed victims in the form of jobs and dividend cuts, profit warnings and credit rating downgrades. (more…)

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Commodity and currency slump expose frailties of African economies http://www.opalesque.com/Commodities_Briefing/?p=140705 http://www.opalesque.com/Commodities_Briefing/?p=140705#comments Wed, 16 Mar 2016 01:44:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140705 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140705>Article Link</a> Slumping commodity prices have taken African currencies down with them, exposing the fundamental economic frailties of the world’s poorest continent by driving up inflation in countries that import most of their manufactured goods. (more…)

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Low commodity prices drive 2016 defaults, oilfields to shut http://www.opalesque.com/Commodities_Briefing/?p=140615 http://www.opalesque.com/Commodities_Briefing/?p=140615#comments Thu, 10 Mar 2016 01:16:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140615 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140615>Article Link</a> Commodity prices at multi-year lows drove a rise in defaults early this year, and the oil sector could see still more unprofitable fields shut, industry analysts said on Wednesday. Debt defaults in the commodity sectors rose in the first two months of 2016 from the same period a year ago, credit ratings agency Moody’s said. (more…)

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Commodity slump to further weaken economies http://www.opalesque.com/Commodities_Briefing/?p=140533 http://www.opalesque.com/Commodities_Briefing/?p=140533#comments Fri, 04 Mar 2016 01:26:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140533 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140533>Article Link</a> The persistent slump in commodity prices and a strong US dollar will have adverse effects on the growth prospects for most Southern African economies thereby reducing export competitiveness in those countries, an expert has said.Zimbabwe, along with most economies in the region, rely heavily on mineral exports but lower demand from the Chinese market as well as the appreciation of the United States dollar has had significant impact on revenue from these minerals. (more…)

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This chart suggests Chinese demand for commodities will remain weak in 2016 http://www.opalesque.com/Commodities_Briefing/?p=140445 http://www.opalesque.com/Commodities_Briefing/?p=140445#comments Mon, 29 Feb 2016 03:47:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140445 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140445>Article Link</a> Last week we brought you the news that new home prices in the southern Chinese city of Shenzhen soared by more than 50% in the 12 months to January, a figure that put the likes of New York, London and Sydney to shame in terms of annual rates of growth. (more…)

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China Tries to Tackle Its Commodities Crisis http://www.opalesque.com/Commodities_Briefing/?p=140427 http://www.opalesque.com/Commodities_Briefing/?p=140427#comments Fri, 26 Feb 2016 01:00:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140427 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140427>Article Link</a> China has had an overcapacity problem in its aluminum, chemical, cement, and steel industries for years. Now it’s reaching crisis levels. “The situation has gone so dramatically bad that action has to happen very soon,” said Jörg Wuttke, president of the European Union Chamber of Commerce in China, at a press conference in Beijing on Feb. 22, where a chamber report on excess capacity was released. (more…)

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Crash in commodity prices takes a toll on Canada’s corporate giants http://www.opalesque.com/Commodities_Briefing/?p=140408 http://www.opalesque.com/Commodities_Briefing/?p=140408#comments Thu, 25 Feb 2016 01:28:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140408 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140408>Article Link</a> Two of Canada’s largest companies clarified Wednesday exactly how much the ongoing crash in crude oil prices has cut into their bottom lines. Royal Bank of Canada missed expectations for first quarter profit as a result of more provisions being set aside for potentially bad loans to oil and gas producers. (more…)

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The Collapse in Commodities Continues (Video) http://www.opalesque.com/Commodities_Briefing/?p=140363 http://www.opalesque.com/Commodities_Briefing/?p=140363#comments Tue, 23 Feb 2016 03:10:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140363 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140363>Article Link</a> On “Single Best Chart,” Bloomberg’s Tom Keene looks at the collapse in commodities. Economic Cycle Research Institute’s Lakshman Achuthan and New York University’s Brad Hintz also weigh in on “Bloomberg Surveillance.”. (more…)

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Commodity slump weighing on Canadian and global economies http://www.opalesque.com/Commodities_Briefing/?p=140296 http://www.opalesque.com/Commodities_Briefing/?p=140296#comments Thu, 18 Feb 2016 00:43:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140296 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140296>Article Link</a> The ongoing decline in commodity prices has hit Canada’s economy hard, depressing incomes, and triggering layoffs and capital spending cuts. The U.S.-dollar prices of most internationally traded commodity products have slipped, hammering hundreds of resource companies (and their suppliers), and hurting business and consumer confidence across swaths of the country. (more…)

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Commodities rout fails to slow urban explosion in Africa http://www.opalesque.com/Commodities_Briefing/?p=140275 http://www.opalesque.com/Commodities_Briefing/?p=140275#comments Wed, 17 Feb 2016 01:19:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140275 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140275>Article Link</a> Africa’s biggest economies have been hammered by the collapse in commodity prices over the past 18 months but there are still investment bright spots to be found. In cities such as Lagos, Nairobi, Accra, Kinshasa and Johannesburg, growth remains robust and investors are prospering in the retail, financial services, technology and construction sectors. (more…)

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Commodities: The Bottom Is Looking Mighty Ugly http://www.opalesque.com/Commodities_Briefing/?p=140274 http://www.opalesque.com/Commodities_Briefing/?p=140274#comments Wed, 17 Feb 2016 01:19:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140274 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140274>Article Link</a> The commodity bear is not hibernating. Prices are above 2000 levels with divergence. Contagion from raw material markets - the dollar ain’t helping. Stocks and currencies are watching raw material prices. China returns from holiday - uh oh. (more…)

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How Australia Is Weathering the Commodities Rout http://www.opalesque.com/Commodities_Briefing/?p=140240 http://www.opalesque.com/Commodities_Briefing/?p=140240#comments Mon, 15 Feb 2016 00:59:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140240 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140240>Article Link</a> As Australia’s economy has slowed alongside the commodities rout, one surprising consensus is emerging: It isn’t nearly as bad as it should be. Other big resource exporters like Brazil and Canada have been slammed far worse by the falling commodities trade over the past year and a half that was sparked by China’s deceleration. (more…)

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Russian trade hit by sanctions and commodity crisis http://www.opalesque.com/Commodities_Briefing/?p=140238 http://www.opalesque.com/Commodities_Briefing/?p=140238#comments Mon, 15 Feb 2016 00:58:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140238 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140238>Article Link</a> Russia’s trade with the EU’s eastern states fell by almost a third in 2015, as sanctions over Crimea and the economic impact of plummeting commodity prices further unravel the fraying links between Moscow and its former Soviet bloc allies. (more…)

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Commodities won’t save Australia from recession http://www.opalesque.com/Commodities_Briefing/?p=140221 http://www.opalesque.com/Commodities_Briefing/?p=140221#comments Fri, 12 Feb 2016 00:31:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140221 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140221>Article Link</a> The chief executive of the Australian Securities Exchange is warning that Australia needs to confront structural economic reforms to make a successful transition from the once-in-a-century mining boom. (more…)

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UK production slumps as commodities take a hammering http://www.opalesque.com/Commodities_Briefing/?p=140201 http://www.opalesque.com/Commodities_Briefing/?p=140201#comments Thu, 11 Feb 2016 00:53:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140201 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140201>Article Link</a> UK production slumped dramatically in December as resource companies took a hammering from the global commodity price crash. Overall production dropped 1.1% over the period, far outstripping expectations of a 0.1% decline. While manufacturing was little changed, mining and quarrying output led the index lower, down 4%. (more…)

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Low commodity prices strain Nigeria and Angola’s economic confidence http://www.opalesque.com/Commodities_Briefing/?p=140199 http://www.opalesque.com/Commodities_Briefing/?p=140199#comments Thu, 11 Feb 2016 00:53:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140199 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140199>Article Link</a> Many African economies are feeling the pressure of low commodity prices as shown by the YPO’s Global Pulse world ranking. According to the survey, economic confidence shows the region at its lowest in six years. (more…)

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Commodities Crash Washes Up In Korea http://www.opalesque.com/Commodities_Briefing/?p=140078 http://www.opalesque.com/Commodities_Briefing/?p=140078#comments Wed, 03 Feb 2016 00:42:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140078 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140078>Article Link</a> Two of Korea’s biggest companies, Samsung and Posco, are feeling the pain of the commodities-price crash which has devastated the mining and oil industries. Samsung, a broadly diversified industrial business, has been hit by a loss associated with building an iron ore mine in Australia. (more…)

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Commodities: The fall and beyond… http://www.opalesque.com/Commodities_Briefing/?p=140037 http://www.opalesque.com/Commodities_Briefing/?p=140037#comments Mon, 01 Feb 2016 01:24:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140037 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140037>Article Link</a> Commodities are at the vortex of the ongoing turmoil in the global financial markets. Stung by the strong dollar and worries over slowing Chinese appetite, commodity prices have plummeted and investors’ losses have piled up in the last few years. The world is now into its sixth year of a bear market in commodities. Will 2016 see the dust settle down? (more…)

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Commodities Junk Faces More Pain Amid Contagion Threat, UBS Says http://www.opalesque.com/Commodities_Briefing/?p=139992 http://www.opalesque.com/Commodities_Briefing/?p=139992#comments Thu, 28 Jan 2016 00:56:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139992 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139992>Article Link</a> A prolonged slump in oil prices promises more pain for commodities-related debt and threatens to spread to other parts of the leveraged-finance market, according to UBS Group AG. Energy bonds have borne the brunt of crude’s plunge to a 12-year low, falling 10 percent this year after a 24 percent drop last year. (more…)

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Canada needs five years to adjust to commodities rout: central bank http://www.opalesque.com/Commodities_Briefing/?p=139891 http://www.opalesque.com/Commodities_Briefing/?p=139891#comments Thu, 21 Jan 2016 01:37:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139891 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139891>Article Link</a> Canada will adjust to lower commodity prices in three phases over the next five years, with the impact of lower incomes to be felt more strongly later on and economic growth by 2020 being 2 percent lower than it otherwise would have been, according to staff at the Bank of Canada. (more…)

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Commodities Crash Boosts China’s New Silk Road http://www.opalesque.com/Commodities_Briefing/?p=139890 http://www.opalesque.com/Commodities_Briefing/?p=139890#comments Thu, 21 Jan 2016 01:37:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139890 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139890>Article Link</a> While commodities producers grapple with the lowest prices in more than a decade, the slump could prove a blessing for President Xi Jinping’s signature initiative to build an intercontinental web of infrastructure and trade links with China at the center. (more…)

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The Case for Raw Commodity Sector Bottoming in 2016 http://www.opalesque.com/Commodities_Briefing/?p=139850 http://www.opalesque.com/Commodities_Briefing/?p=139850#comments Tue, 19 Jan 2016 00:28:54 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139850 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139850>Article Link</a> Let’s take a look at a few longer-term charts of key markets and indexes, which are presently providing some technical clues the major “bust” cycle in the raw commodity sector will likely run its course in 2016. (more…)

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Why the commodities crunch could hurt stability in Latin America http://www.opalesque.com/Commodities_Briefing/?p=139811 http://www.opalesque.com/Commodities_Briefing/?p=139811#comments Fri, 15 Jan 2016 02:59:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139811 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139811>Article Link</a> Much of Latin America has seen an unusually long period of relative political stability since the early 2000s. With the exception of Cuba, democratically elected governments seem embedded throughout the region. (more…)

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The Commodity Crisis Worsens; Barclays Lowers Forecasts As Bears Dig In http://www.opalesque.com/Commodities_Briefing/?p=139748 http://www.opalesque.com/Commodities_Briefing/?p=139748#comments Tue, 12 Jan 2016 01:46:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139748 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139748>Article Link</a> Blame the strong dollar. Barclays Capital has gone totally bearish on commodities and that does not bode well for commodity producer nations like Russia, and Brazil, let alone commodity producing parts of the United States like oil and gas drillers, and even some American farmers. (more…)

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Commodities behind 2016’s big political risks http://www.opalesque.com/Commodities_Briefing/?p=139746 http://www.opalesque.com/Commodities_Briefing/?p=139746#comments Tue, 12 Jan 2016 01:45:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139746 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139746>Article Link</a> The slump in oil prices is frightening stock traders, but the impact on geopolitical stability may prove to be more alarming this year. Low commodity prices could exacerbate tensions and conflict in the Middle East, increase public protest in Latin America, and worsen industrial action in Africa’s resource-rich countries, Verisk Maplecroft, a global political risk consultancy, warned in a 2016 outlook report. (more…)

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Commodity prices slip anew after worst year since financial crisis http://www.opalesque.com/Commodities_Briefing/?p=139727 http://www.opalesque.com/Commodities_Briefing/?p=139727#comments Mon, 11 Jan 2016 03:02:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139727 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139727>Article Link</a> The commodities hangover after an end to China’s once-voracious appetite for metals, crops and fuels may be here for a while. Iron ore last traded down 1.2 per cent and crude oil is trading at $US33 a barrel. (more…)

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When Will the Commodities Bloodbath End? http://www.opalesque.com/Commodities_Briefing/?p=139726 http://www.opalesque.com/Commodities_Briefing/?p=139726#comments Mon, 11 Jan 2016 03:02:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139726 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139726>Article Link</a> It was a bloodbath for commodities in 2015. Brent crude oil fell 45.7% for the year, the most out of any commodity. From its high of US$127.07 per barrel, Brent’s been smashed by more than 70% in the past 18 months. It’s now trading at US$33.55 per barrel. (more…)

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Commodities Rout Forces Resource Firms to Cut Further http://www.opalesque.com/Commodities_Briefing/?p=139708 http://www.opalesque.com/Commodities_Briefing/?p=139708#comments Fri, 08 Jan 2016 02:08:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139708 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139708>Article Link</a> Mining, oil companies must search for new savings as hopes of a commodity-price rebound fizzle on weak Chinese demand. Resource companies are facing renewed pressure to cut spending and investor payouts after a deepening commodities rout erased billions of dollars in shareholder value on Thursday. (more…)

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Chart Of The Year: Scooping Commodities At The Bottom http://www.opalesque.com/Commodities_Briefing/?p=139707 http://www.opalesque.com/Commodities_Briefing/?p=139707#comments Fri, 08 Jan 2016 02:07:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139707 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139707>Article Link</a> Global financial markets have opened the year with selling and elevated fear. And it’s been led, again, by China. This brings back very fresh memories of August of last year, when a Chinese devaluation set off confusion in markets, sharp selling in Chinese stocks, which spilled over to global markets. (more…)

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‘Commodity catastrophe’ looks set to continue in 2016 http://www.opalesque.com/Commodities_Briefing/?p=139704 http://www.opalesque.com/Commodities_Briefing/?p=139704#comments Fri, 08 Jan 2016 02:07:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139704 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139704>Article Link</a> Early days of 2016 seem to be echoing those of last year, and with further negative data coming out of China there could still be plenty of pain in commodities, particularly in the energy and metals complexes. (more…)

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Why Commodities Crashed in 2015 http://www.opalesque.com/Commodities_Briefing/?p=139682 http://www.opalesque.com/Commodities_Briefing/?p=139682#comments Thu, 07 Jan 2016 01:31:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139682 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139682>Article Link</a> Commodities have already had a tough 2015 – but earlier this week, prices for everything, from crude oil to industrial metals such as iron ore and copper, plummeted even further. The sector is contending with the lowest prices since the financial crisis, perhaps even this century. Here is a brief guide to what is happening, how each of the main commodities are faring, and why it matters for global growth. (more…)

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Does Chinese slowdown alter the Indian commodities scene? http://www.opalesque.com/Commodities_Briefing/?p=139662 http://www.opalesque.com/Commodities_Briefing/?p=139662#comments Wed, 06 Jan 2016 01:34:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139662 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139662>Article Link</a> China’s stock market crash on Monday, which sent equity markets across the globe cracking, has turned investor sentiments negative. A slowdown in China is a global worry, particularly for commodities, as the dragon country consumes about half the world’s metals output and is also the second largest market for oil. However, for India, which is a net importer of commodities, lower prices can be a blessing. (more…)

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2015 was a bloodbath for commodities http://www.opalesque.com/Commodities_Briefing/?p=139643 http://www.opalesque.com/Commodities_Briefing/?p=139643#comments Tue, 05 Jan 2016 01:48:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139643 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139643>Article Link</a> Commodities markets were hit hard last year. A note from S&P Dow Jones Indicies global head of commodities Jodie Gunzberg observed that “2015 will go down in history as one of the worst years ever for commodities.” (more…)

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End of China’s commodity boom spells pain for producers with no end in sight http://www.opalesque.com/Commodities_Briefing/?p=139621 http://www.opalesque.com/Commodities_Briefing/?p=139621#comments Mon, 04 Jan 2016 01:16:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139621 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139621>Article Link</a> The rout in commodities prices that has wiped billions from the value of energy and mining companies across the world in the past 12 months will continue in 2016, according to economists, analysts and executives on the front line. (more…)

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Not Even OPEC Can Fix Oil Glut http://www.opalesque.com/Commodities_Briefing/?p=139597 http://www.opalesque.com/Commodities_Briefing/?p=139597#comments Wed, 30 Dec 2015 00:35:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139597 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139597>Article Link</a> Surprisingly strong crude output in the U.S. and Mideast over the past year pushed oil prices to their lowest levels in more than a decade. But for investors trying to determine whether the oil market is close to a bottom, the pace of production elsewhere in the world is a key source of uncertainty. (more…)

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The Bear Market In Commodities Enters Year 5 http://www.opalesque.com/Commodities_Briefing/?p=139575 http://www.opalesque.com/Commodities_Briefing/?p=139575#comments Tue, 29 Dec 2015 01:50:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139575 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139575>Article Link</a> Now that the end of the year is upon us, reflection on the events of 2015 can help us to prepare for the year ahead. Commodity prices peaked in 2011/2012 and have moved lower since. It is tempting to look for bargains in markets. Investors and traders invariably love to buy markets that have decreased in value. (more…)

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Commodities: No Rebound in Sight http://www.opalesque.com/Commodities_Briefing/?p=139555 http://www.opalesque.com/Commodities_Briefing/?p=139555#comments Mon, 28 Dec 2015 01:27:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139555 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139555>Article Link</a> The commodities malaise of 2015 will continue in the new year. Precious and industrial metals will probably fall further in the first half of 2016, pressured by rising global supply, weak Chinese demand, and an appreciating dollar. (more…)

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