The Chinese property crisis has led to stock piles of iron ore and finished steel products, which has sent the price of Austalia’s biggest export falling. Senior Equities adviser at Bell Potter Securities, Giuliano Sala Tenna says he’s expecting to see a correction in the industry as the price comes down closer $US80 per tonne. … Read more
Demand for copper is surging. The red metal, considered a barometer for economic health, is a vital component for the construction and defense industries as well as a key ingredient in electric cars, wind turbines and the power grid. Offshore wind, for example, requires about “three times as much copper as does coal-fired power generation … Read more
The Australian share sector has hit new several record highs since the year began. That’s partly because Australia’s largest companies have been reporting better-than-expected earnings, despite their customers struggling with cost-of-living pressures and higher loan charge rates. David Chau takes a look at the winners and losers this earnings season and the risks around the … Read more