It was interesting reading an article from the US news site NPR lamenting the rise in electricity costs, which are growing at twice the rate of inflation. “Across the country, electricity prices have jumped more than twice as fast as the overall cost of living in the last year”, NPR reported. “Electricity prices have been
The Market Ear on the gold rout. As I keep saying, for a safe haven, gold is very volatile. Last time it corrected 30% “What is remarkable about the recent “Gold rush” is not only the magnitude of the move, but also the speed. The only other time in recent history that a similar event
In the early 2010s, the federal Labor government made the fateful decision to allow liquefied natural gas (LNG) exports from Queensland without requiring gas companies to first supply Australians. Gary Gray, the then-Federal Resources Minister in the Gillard/Rudd Labor governments, claimed that domestic gas reserve regulations cause uncertainty and discourage investment. This pitted the government
In the debate surrounding Australian migration levels, the issue of New Zealanders coming to Australia under the bilateral agreement between the two nations is often brought up. Under a series of agreements signed by the Australian and New Zealand governments, Kiwi citizens have the right to move to Australia and live there indefinitely under the
The ferrous market remains stalled above $100. Signs of stress are mounting. India is the swing producer for seaborne iron ore at these levels, and it is cutting prices. India’s largest iron ore producer, NMDC, had previously reset the prices of the key raw material of steel on August 1 to ₹6,100 for Baila Lump
The gas cartel wants Albo to stop it. “APLNG’s position on this is, that while we don’t like interventions, we feel like a major intervention is probably needed, which is to establish an export permit system,” Mr Clark [CEO] said. “If you’re going to export, you should also have to contribute to the domestic market
Macro concerns outweighed earnings on Wall Street and in Europe overnight as concerns over stalemate on US-China trade negotiatiosn plus more Ruzzian sanctions intensified. A surprise drawdown in US oil stocks lifted oil prices while gold is still suffering from its recent correction as it touched the $4000USD per ounce level. Meanwhile the USD was
DXY has stopped falling and that’s about all we can say about it. AUD is the reverse. CNY same, same. Gold is volatile! Oil jumped on possible new Russia sanctions but it is stuffed. Not so AI metals. RIO is the chosen AI metals king. EM can’t run without DXY gfalling. Junk is stuck. US
The Australian Energy Market Operator’s (AEMO) Integrated System Plan (ISP) is a roadmap for transitioning Australia’s energy system to net zero emissions by 2050. It outlines the necessary investments in generation, storage, and transmission to meet consumer needs and government renewable energy and emissions targets. AEMO’s ISP was built on the fantastical assumption that Australian
Asian share markets have paused their recent strong rebound on the Trump TACO trade as not much news around the traps keeping most risk markets in a holding pattern. Currency markets are seeing more strength return to the USD which has been taking back its recent lost ground against the majors with some moves higher