Category: Economics & Commodity Prices

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.

The WA resources sector reported a record $166b spend in 2025 —the equivalent of $454m every day — according to the Chamber of Minerals and Energy (CME) WA’s latest economic contribution survey.

Lynas Rare Earths (ASX: LYC) and Japan Australia Rare Earths (JARE) have extended their rare earths supply deal through 2038, locking in a market-linked floor price of US$110/kg for neodymium and praseodymium.

Global lithium demand could exceed 13mt by 2050 under an accelerated energy transition, according to Wood Mackenzie’s latest Energy Transition Outlook for Lithium.

Lynas Rare Earths (ASX: LYC) has reported its best first-half profit in three years as global demand for critical minerals surged and commodity prices remained elevated.