Australian Manufacturing Activity Holds Steady in August as New Orders, Employment Improve
Australia's manufacturing sector maintained modest growth in August, with stronger new orders, business confidence, and employment offset by softer production and renewed supply-chain and cost
Inflation Risks Prompt Rate Hike Consideration at Australian Central Bank's August Meeting
Policymakers at Australia's central bank considered raising borrowing costs for the fourth time this year at their most recent meeting in August before unanimously deciding to leave the cash rate unchanged at 4.35%.
Prices retreated amid concerns over falling commodity prices and a decline in mortgage applications.
Market Overview for the Week of August 10–14: The S&P/ASX 200 recorded a high of 9,282.9, a low of 9,090.5, and closed at 9,115.2, down 1.6% from the previous week. The index retreated amid concerns over falling commodity prices and a decline in mortgage applications. On August 11, the Reserve Bank of Australia (RBA) kept the policy interest rate unchanged at 4.35%, in line with market consensus. As expectations for further rate hikes had already receded following the recent rally in equity prices, the announcement was largely priced in, leading to a "buy the rumor, sell the fact" dynamic. On the 13th, ANZ Group, a major bank, cited tax system changes...
Reserve Bank of Australia Holds Key Rate Steady, But More Hikes Still Possible Amid Persistently High Inflation
Inflation in Australia continues to be too high and is unlikely to return to the midpoint of the target range until late next year, the country's central bank said as it left borrowing costs unchanged.
Winter storms in Chile disrupt copper mining; producers issue further warnings of tightening supply
① A deadly storm struck northern Chile, triggering floods and heavy snowfall, forcing the suspension of large-scale copper mining operations; mining activities and logistics in parts of Argentina were also affected. ② The storm represents a short-term disruption linked to El Niño, but analysts note that weather-related disruptions are becoming a recurring feature of global copper supply. ③ Beyond operational challenges posed by climate change, copper mining also faces declining ore grades and aging mines, contributing to a tightening of global copper supply.
BHP Group Ltd port workers plan to strike, potentially disrupting operations at the world's largest iron ore export terminal.
① Hundreds of workers at Port Hedland are scheduled to stage an eight-hour work stoppage from 2 p.m. to 10 p.m. on July 16; ② BHP Group Ltd stated: "A robust iron ore industry is in the interest of all Australians. We look forward to continuing constructive negotiations to reach a fair agreement while ensuring the safety and stability of our operations."
Australian Consumer Confidence Rises as Financial Outlook Improves
The ANZ-Roy Morgan Australian consumer confidence rose 2 points to 70.8 in the week of June 1 to June 7, ANZ reported Tuesday.The four-week moving average rose 1.7 points to 68 points.Consumer
Australian Manufacturing Sector's Growth Decelerates in May as Middle East Conflict Continues to Reverberate
Australia's manufacturing sector expanded in May, but the pace of growth slowed from the previous month amid intense supply-chain disruption and as new orders recorded their sharpest decline since October.
Australian Unemployment Hits 4.5% to Highest Level Since Late 2021
Australia's unemployment rate rose to its highest level in four and a half years in April, as a drop in female workforce participation weighed on the labor market.
CITIC Securities: Supply disruptions in copper mines re-emerge, with annual production forecasts officially entering a decline.
As Freeport once again postponed the resumption of its Indonesia project and comprehensively lowered its production guidance for 2026-27, global major copper mining enterprises’ production expectations for 2026 have officially entered a decline. Additionally, the potential impact of subsequent extreme weather may lead to an expansion of supply disruptions. CITIC Securities anticipates that the recent unexpected destocking in China, reflecting robust supply-demand logic, along with easing macroeconomic pressures, will drive copper prices to stabilize above USD 13,000 per ton in Q2 2026. Amid expectations of a supply-demand imbalance, copper prices are likely to test previous highs. CITIC Securities highlights the investment opportunity in the copper sector driven by the synergy of profit elasticity and valuation upside. Copper supply disruptions re-emerge, leading to a formal reduction in annual production forecasts.
Australian Consumer Confidence Falls Amid Rising Inflation Expectations
The ANZ-Roy Morgan Australian consumer confidence fell 0.2 points to 64.3 in the week of April 13 to 19, ANZ reported Tuesday.The four-week moving average rose 0.3 points to 62.5 points.Australian
Not Just Fertilizers! The 'Sulfur Shortage' is Triggering a Chain Crisis – Will Copper and Nickel Supply Become the Worst Hit?
① In the past few weeks, the turmoil in the global aluminum market triggered by the Iran war has frequently appeared in media reports. Now, its impact is further spreading to the supply chains of two other major industrial metals, copper and nickel; ② The transmission medium of this chain reaction is sulfur—a byproduct of the petroleum and natural gas industries in the Gulf region. Since the closure of the Strait of Hormuz on February 28, a significant portion of its supply has effectively been cut off.
Kenanga Maintains Higher 6.1% Trade Growth Forecast, Despite Feb Slowdown
According to DOSM's report today, Malaysia's distributive trade growth slowed to 5.3% year-on-year (YoY) in February 2026, easing from 7.3% in January, as a sharp contraction in motor vehicle sales weighed on overall performance despite resilient retail activity. The total sales value declined to RM156.3 billion from RM159.8 billion in the previous month, marking an [...]
Australia's Service Activity Shrinks to 26-Month Low in March
Australia's service sector in March slumped into contraction for the first time after 26 months as the oil price shock continued to weigh heavily on the domestic and international economy.The
A 120% surge in just 10 months! Lithium prices reach a crossroads—how are companies in the supply chain responding?
①Industry insiders generally believe that, on the one hand, overseas demand for household energy storage, commercial and industrial energy storage, and data center energy storage is relatively strong; on the other hand, AI computing power and the big data industry have further driven related demand. ②Defang Nano stated that due to the rapid increase in overseas demand for lithium iron phosphate, coupled with overseas battery companies accelerating their shift towards the lithium iron phosphate route, the company's export business has shown a growth trend.
Australia's South-Eastern States Lead Upswing in Q4 2025, ANZ Says
The ANZ Stateometer index showed economic performance above its long-run trend in the fourth quarter of 2025 for the first time since 2023, with South-eastern states leading the upswing, according
Australia's Index of Commodity Prices Climbs 2.6% in March
The Australian Index of Commodity Prices climbed 2.6% in March when measured in special drawing rights terms on a monthly average basis, after a 1.6% increase in February, the Reserve Bank of