Money

China issues another warning to traders, declares war on commodity manipulation

Published

3 years ago

May 25, 2021

ticker NEWS

China has again threatened to crack down on domestic traders and firms involved in speculation, collusion, or hoarding in what’s been described as a ‘ zero tolerance’ campaign and a war on booming commodity prices.

The latest threat raises the question about the long-term demand for Australian iron ore.

China’s state planner, “the National Development and Reform Commission”, announced the move yesterday after five government departments requested key players from the iron ore, steel, copper, and aluminum sectors for interviews.

A sell-off in iron ore futures and Australian miners followed the news, although the sharemarket still closed higher.

China, who consumes 50%+ worlds copper is trying to pour cold water over the entire commodity complex whilst Chile and DRC – who host some of the richest Cu deposits are trying to light a flame under the price by postering toward mine closures and royalties. Fun and games?
— Respeculator (@respeculator) May 24, 2021

It’s another sign that Beijing won’t let up in bringing commodity prices down.

Australian iron ore has so far survived the restrictions and bans slapped on billions of dollars of exports by Beijing amid political tensions.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

7 hours ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

11 hours ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

1 day ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending