SUPPLY AND DEMAND

Battery boom heats lithium gains for Australian miners

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Original article by David Stringer, Martin Ritchie
The Australian Financial Review – Page: 28 : 19-Feb-16

Shares in Australian-listed lithium miners have rallied on the strength of the rising price of lithium carbonate and growing demand for lithium ion batteries. General Mining Corporation’s share price has risen by 1,000 per cent over the last 12 months, while Pilbara Minerals has gained about 1,200 per cent since mid-2014. Citigroup expects both demand for lithium carbonate and the price of the commodity to keep rising beyond 2016.

CORPORATES
GENERAL MINING CORPORATION LIMITED – ASX GMM, PILBARA MINERALS LIMITED – ASX FTN, CITIGROUP INCORPORATED, CHENGDU TIANQI INDUSTRY (GROUP) COMPANY LIMITED, ALBERMARLE CORPORATION, TESLA MOTORS INCORPORATED, NISSAN MOTOR COMPANY LIMITED, RENAULT AUTOMATION SA, VOLKSWAGEN AG, AUDI AG, BENCHMARK MINERAL INTELLIGENCE, NAVIGANT CONSULTING PTY LTD

Blackstone expects oil price to ‘self-correct’

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Original article by Perry Williams
The Australian Financial Review – Page: 33 : 2-Feb-16

The price of Brent crude oil was trading at $US35 a barrel in early February 2016, having reached a low of $US28 in January. Blackstone Group president Hamilton James says the current price of crude oil is unsustainable and he expects it to rebound to around the $US75 level in coming years. James adds that the global oil surplus may not be sustained, as US oil supply is likely to fall if the crude oil price remains low.

CORPORATES
THE BLACKSTONE GROUP LP

ANZ tips iron ore to retest lows, surplus

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Original article by Timothy Moore
The Australian Financial Review – Page: 26 : 14-Jan-16

The iron ore price fell by 39 per cent during 2015, reaching a low of $US38.30 an ounce in mid-December. The price of the steel input has since recovered slightly, but Daniel Hynes and Anurag Soin of the ANZ Bank expect it to retreat again when Chinese steel mills restock following the Chinese New Year holiday period. Hynes and Soin are bearish about the outlook for iron ore in 2016, forecasting a 2.8 per cent decline in demand for steel in China.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, BLOOMBERG LP, ROY HILL IRON ORE PTY LTD

Two more years of pain for Perth

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Original article by Jonathan Barrett
The Australian Financial Review – Page: 5 : 5-Jan-16

Residential property values in Perth declined in the fourth quarter of 2015, according to the CoreLogic RP Data Home Value Index, although home prices rose during December. Meanwhile, Satterley Property Group founder Nigel Satterley expects Perth’s residential market to continue to struggle over the next two years. Satterley Property Group typically sells 2,500-3,000 housing lots in Perth each year, but this is forecast to fall to 1,800-2,000 in 2016.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, THE SATTERLEY PROPERTY GROUP PTY LTD, REAL ESTATE INSTITUTE OF WESTERN AUSTRALIA

Apartment crunch tipped for two cities

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Original article by Robert Harley
The Australian Financial Review – Page: 33 : 16-Dec-15

A new report from the Commonwealth Bank warns of a looming apartment glut in the Melbourne and Brisbane CBDs from 2016, when a large number of apartment projects are slated for completion. The CommBank Property Insights report notes that about 80,000 apartments are under construction in Australia’s major capital cities, while an additional 117,000 have been proposed.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Iron ore resumes slide, falling to fresh record low

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Original article by
The Australian Financial Review – Page: Online : 11-Dec-15

The price of iron ore with 62 per cent content delivered to the port of Qingdao in China has fallen by 1.4 per cent to $US38.52 per dry ton. Falling demand for iron ore in China’s steel industry is likely to put further downward pressure on the iron ore price, with a number of Chinese steel mills having closed down or scaled back production in recent months.

CORPORATES
PORT OF QINGDAO, METAL BULLETIN LIMITED, DALIAN COMMODITY EXCHANGE, PORT OF TIANJIN, THE STEEL INDEX LIMITED, THE GOLDMAN SACHS GROUP INCORPORATED, SHANGHAI FUTURES EXCHANGE, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, ROY HILL IRON ORE PTY LTD, MARUBENI CORPORATION

Iron ore extends losing run to five

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Original article by Daniel Palmer
The Australian – Page: Online : 4-Dec-15

The price of benchmark iron ore for immediate delivery to the port of Tianjin in China has fallen by 0.7 per cent to $US40.30 per tonne. The price of the steel input has fallen in 35 out of the last 39 trading sessions and Daniel Hynes of the ANZ Bank says it is high likely to fall below $US40/tonne. The Australian Government’s 2015 Budget forecasts were based on an average iron ore price of $US48/tonne, but this is expected to be scaled back to about $US40/tonne in the mid-year Budget update.

CORPORATES
PORT OF TIANJIN, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, ROY HILL IRON ORE PTY LTD, VALE SA, MINE LIFE PTY LTD

Iron ore collapses toward $US40

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Original article by Daniel Palmer
The Australian – Page: Online : 3-Dec-15

The price of iron ore for immediate delivery to the port of Tianjin in China has fallen by 2.4 per cent to $US40.60 per tonne. The price of the steel input has shed 25 per cent in the last seven weeks, amid slowing demand for iron ore in China. The commencement of exports from the Roy Hill project has contributed to the falling iron ore price, while iron ore has shed about nine per cent in Australian-dollar terms in recent days due to the strength of the domestic currency.

CORPORATES
PORT OF TIANJIN, ROY HILL IRON ORE PTY LTD, VALE SA

Ore extends slide, Shanghai rebar hits record low

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Original article by
The Australian Financial Review – Page: Online : 2-Dec-15

The price of iron ore for immediate delivery to the port of Tianjin in China has fallen by 2.8 per cent to $US41.60 per tonne, according to The Steel Index. Meanwhile, iron ore for delivery in January 2016 has fallen by almost two per cent on the Singapore Exchange, to $US38.70 a tonne. The global oversupply of iron ore has resulted in inventories at Chinese ports rising to their highest levels since May, topping 87.65 million tonnes in late November 2015.

CORPORATES
PORT OF TIANJIN, THE STEEL INDEX LIMITED, SINGAPORE EXCHANGE LIMITED, STEELHOME, METAL BULLETIN PLC, VALE SA, JULIUS BAER HOLDINGS LIMITED, SHANGHAI FUTURES EXCHANGE, DALIAN COMMODITY EXCHANGE, FITCH RATINGS LIMITED, BMI RESEARCH

Iron ore drops to four-month low

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Original article by Mark Mulligan
The Australian Financial Review – Page: 33 : 18-Nov-15

The price of iron ore for delivery to the port of Qingdao in China has fallen by 0.83 per cent to $US47.74 per tonne. This is the steel input’s lowest level since early July, when it reached a low of $US44.59 per tonne. Analysts expect a further downturn in China’s demand for iron ore as its economic growth slows and infrastructure development winds down.

CORPORATES
UBS AG, LONDON METAL EXCHANGE LIMITED