Oil at a three-year high and gold not far behind were the best indicators this week that financial markets are becoming more volatile and while it might seem hard to pick winners at times like these, they are actually quite obvious – they’re stocks exposed to gold and oil.
Takeover time in the mining sector gathered pace in the shortened pre-Easter week when OZ Minerals launched a bid for copper explorer Avanco -- prompting a sell-off in OZ shares and serving as a warning for investors to watch out for over-eager managers.
Daimler, the German company which makes Mercedes Benz cars, gave investors in nickel stocks cause to smile this week even if the news of what its head of research said at the Geneva motor show has been slow to filter through to the Australian mining industry.
Plus, Piedmont looking to tap into US auto industry with its made-in-America lithium and Kirkland’s stunning Fosterville shows it is on track to be Australia’s best gold mine
Thanks to its marketing and trading arm, Glencore has a better feel than most for what’s going on out there in commodity markets.
And because of the confidence that comes from having a big stake in the company, Glencore boss Ivan Glasenberg doesn’t waffle on the subject like so many of the paid servants at other miners do.
Glasenberg was his adroit self when running through the commodity outlook at Glencore’s profit result call this week. The highlight had to be his thoughts on copper.
Great Boulder Resources’ wildcat Mount Venn copper-nickel-cobalt discovery in the Laverton region continues to look promising, with the latest drilling from last year intersecting 52m of mineralisation in four lenses from juts 12m downhole, the shallowest defined to date in limited drilling (reports MiningNews).
Plus, Centaurus’ local knowledge lands it a highly prospective Brazilian nickel-cobalt play alongside Anglo and Vale
A diary entry shows that the misnamed Hill End Gold (HEG) must be close to releasing a maiden resource estimate for its Yendon high-purity alumina (HPA) project some 25km south-east of Ballarat.
It is bound to gain attention as HPA is following in the footsteps of previously ignored specialty materials like graphite and cobalt which are enjoying super-charged growth in demand due to their use in a range of new and hi-tech applications.
Base metals have been hot this year with zinc, copper and aluminium among the leaders, climbing between 15 per cent and 23 per cent. But what about 2018? Where would you invest to make money in industrial metals, asks Bloomberg?