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Andrew Forrest sees a $2b carbon fraud

The Fortescue founder says the global carbon credit market can’t be trusted. Aaron Patrick asks if he can.

  • 1 hr ago
  • Aaron Patrick


Coal miners, crude producers rally on OPEC supply cut

A new economic and political headache for the West has erupted with OPEC and ally Russia slashing production by 2 million barrels a day.

  • Hans van Leeuwen and Vesna Poljak

Gold falls after two-day surge with Fed in focus

Earlier this week, it was boosted after weak US data eased concerns that the central bank may be tightening its monetary policy too fast.

  • Yvonne Yue Li


Energy prices rally as supply tensions escalate in Europe

Russia’s threat to stop sending gas through the continent via Ukraine coincided with accusations of supply sabotage, intensifying nerves before winter.

  • Alex Gluyas

Dollar rally, recession fears wreak havoc on commodities

Bloomberg’s Commodity Spot Index has erased all its gains since Russia’s invasion of Ukraine as the surging greenback and rising rates weigh on demand.

  • Alex Gluyas

Commodity markets swing on US strike resolution, China data

While Chinese economic data beat expectations, iron ore prices dropped amid signs of further weakness in the country’s troubled property market.

  • Alex Gluyas

Wheat prices surge as Putin assails Ukraine grain deal

Russia is struggling to export its own bumper wheat harvest. Shipments in July and August fell 22 per cent versus a year earlier, despite a bigger crop.

  • Megan Durisin and Kim Chipman

EU metals sector warns of ‘existential threat’ from energy crisis

Executives have urged emergency EU action to prevent a deepening crisis in region’s smelting industry.

  • Harry Dempsey and Alice Hancock

Industrial metal prices melt as global recession fears flare up

Copper and iron ore are back under pressure on worries over high-energy costs and China strains.

  • Harry Dempsey and Emiko Terazono

Gazprom piping gas to Europe via Ukraine after Nord Stream stoppage

Gazprom says it will ship some gas to Europe through Ukraine, hours after it scrapped the reopening of a major supply route to Germany.

  • Bloomberg News and Reuters


Sky-high gas prices to push UK inflation to 22pc, warns Goldman

European gas prices extended their decline, but strategists are convinced the cost of living crisis will plunge the UK into recession.

  • Alex Gluyas

European gas price sinks, still ‘unbearably high’ ahead of winter

Gas prices plunged nearly 20 per cent while oil rallied to its highest level in a month, as Europe’s energy crisis intensifies.

  • Alex Gluyas

Chinese copper giant seeks help with liquidity issues

One of China’s most influential commodities traders is seeking government aid to shore up its finances.

  • Bloomberg News

China’s snowballing crisis to hurt Australian iron ore

Iron ore prices could nearly halve as China’s property nightmare weighs on Australian resources demand, even as Beijing attempts to boost its economy.

  • Cecile Lefort

Commodities sink as China reignites growth fears

Oil prices dropped to a six-month low and iron ore fell towards $US100 a tonne as concerns intensified that China’s recovery has stalled.

  • Alex Gluyas

JPMorgan gold traders found guilty in US spoofing trial

Both traders face jail time for manipulating the price of gold for years, in the biggest case yet by the US Justice Department.

  • Joe Deaux

Morgan Stanley sees ‘little reason to be bullish’ on iron ore

A combination of weak steel demand in China and signs of the iron ore market moving into oversupply are expected to keep a lid on prices this year.

  • Alex Gluyas

Copper demand unlikely to recover until China abandons COVID-zero

Strategists say a rebound in the base metal prices will happen, but it is conditional upon Beijing reversing its strict COVID-19 policies.

  • Emma Rapaport