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
Australia has done exceptionally well riding China’s economic boom. But the political and economic uncertainty surrounding the world’s two biggest economies – the US and China – point to tougher times ahead. The property bust and the slump in construction is cause for alarm for Australian miners. Construction in May was about 80 per cent … 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
Copper has long been considered a predictor of global economic health, earning itself the nickname “Dr Copper.” The price of the metal has surged nearly 12 per cent in the past year to the highest it’s been in nearly two years. The metal has seen a boost from increased manufacturing in the United States and … Read more
The U.S. economy may still face a “delayed” recession, says investment analyst Gary Shilling. “We’ve had more strength in employment than probably is commensurate with the state of enterprise,” Shilling told CNBC. In this episode of “The Bottom Line,” Shilling talks about what may be next for the economy — from key indicators and AI … Read more