COMMODITIES

Green transition tailwind at our backs: Rio and BHP

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Original article by Cameron England
The Australian – Page: 20 : 2-Oct-24

Rio Tinto Jakob Stausholm says the energy transition is at the heart of the resources group’s strategy. He has used a London Metals Exchange speech to argue that while the transition to net zero emissions is underway, it is not occurring quickly enough; he adds that the energy transition will significantly boost demand for the minerals that Rio Tinto produces, including copper, aluminium, lithium and high-grade iron ore for ‘green’ steel. Meanwhile, BHP has forecast that the energy transition will boost global demand for copper.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP GROUP LIMITED – ASX BHP, LONDON METAL EXCHANGE LIMITED

BHP slashes global growth forecasts as tariff tensions bite

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Original article by Matt Chambers
The Australian – Page: 17 & 18 : 27-Aug-18

BHP Billiton now expects global economic growth in 2019 and 2020 to be within the range of 3.25-3.75 per cent, compared with its previous range of 3.5-4 per cent. The resources giant attributes its growth downgrade to the US-China trade war, although BHP’s Huw McKay says demand for most of its commodities is likely to rise in the medium-term. The International Monetary Fund has maintained its growth forecast of 3.9 per for 2018 and 2019, although it recently indicated that the tariff war could prompt a downgrade of its forecast for 2020.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, INTERNATIONAL MONETARY FUND, MOODY’S INVESTORS SERVICE INCORPORATED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Exporters face tough times: BIS

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Original article by Bianca Hartge-Hazelman
The Australian Financial Review – Page: 11 & 16 : 8-Dec-14

A report from the Bank for International Settlements has warned that commodity exporting nations may continue to experience difficult conditions for some time. It cites factors such as the rising US dollar, the recent fall in commodity prices and the funding models used by commercial banks. The price of iron ore has fallen by 18 per cent in recent months, while Brent crude oil is down 32 per cent. The Australian dollar in turn has fallen to a 4.5-year low of $US0.83

CORPORATES
BANK FOR INTERNATIONAL SETTLEMENTS, HSBC AUSTRALIA HOLDINGS PTY LTD, AMP CAPITAL INVESTORS LIMITED, AMP LIMITED – ASX AMP, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIAN BUREAU OF STATISTICS

Bullish Hockey has faith in boom

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Original article by David Crowe
The Australian – Page: 20 : 10-Oct-14

Opinion is divided on whether the resources boom has ended and export-focused nations must restructure their economies accordingly. During a forum staged in the US by the International Monetary Fund, Australian Treasurer Joe Hockey argued that demand for commodities such as iron ore and gas would continue to be healthy and underpin the nation’s prosperity. He pointed to the emergence of the middle class as consumers in the Asian region. The assessment was in contrast with those given by South African Finance Minister Nhlanhla Nene, Indonesian Finance Minister Muhamad Chatib Basri and Nigerian Finance Minister Ngozi Okonjo-Iweala

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, INTERNATIONAL MONETARY FUND, WORLD BANK, GEORGE WASHINGTON UNIVERSITY, AUSTRALIAN LABOR PARTY