Category: Economics & Commodity Prices

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.

BHP (ASX: BHP) is cashing in on the global clean energy transition with copper overtaking iron ore as the company’s biggest earner for the first time ever.

PLS (ASX: PLS) has secured an offtake deal with Canmax through mid-CY28 that includes a price floor of $1400/t (US$1000/t) for spodumene from the Pilgangoora operation.

Vanadium miners will be afforded significant royalty relief with the WA Government capping royalties for vanadium products at 2.5%.