Category: Economics & Commodity Prices

WA’s main power system is forecast to have enough capacity to meet demand until FY29, but further investment will be needed as coal-fired generation exits the system, according to the Australian Energy Market Operator (AEMO).

The Queensland Resources Council’s (QRC) latest State of the Sector report has revealed a widening gap between production and declining business confidence across the state’s resources industry.

More than 32GW of planned data centre capacity, across more than 1150 projects, is reshaping how power grids accommodate large electricity users across the Asia-Pacific, according to Wood Mackenzie.

The Federal Government’s proposed Domestic Supply Obligation (DSO) framework risks increasing investment uncertainty at a critical time for Australia’s energy sector, according to a new report by Wood Mackenzie.

The WA Government has released its FY27 State Budget, with several initiatives aimed at keeping the state’s economy resilient amid global uncertainty, supported by an expected $3.5b surplus.

Australia’s electricity sector is showing significantly greater resilience to global energy shocks compared to the 2022 crisis, despite escalating geopolitical tensions in Iran driving sharp increases in global fuel prices, according to Wood Mackenzie.

BHP (ASX: BHP) has concluded price talks for its iron ore sales contract with the China Mineral Resources Group (CMRG) after more than seven months of negotiations.

The ongoing conflict in the Middle East is introducing new upside risks to the global aluminium market, extending the fallout beyond the existing impacts to oil and gas.

The Simandou iron ore project in Guinea is set to be the primary catalyst for long-term supply growth of seaborne iron ore as ramp-up begins, according to Wood Mackenzie.

Australia’s economic outlook has shifted following escalation of conflict in the Middle East as rising energy costs are expected to push inflation higher than previously forecast, according to Commonwealth Bank economists.

The Federal Government is halving fuel excise costs by more than $.26/L for three months to deliver immediate fuel relief to households and industry.