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Oil producers need to remain extremely cautious as uncertainty on the market is still very high, Saudi Arabia’s Energy Minister

$6.40 2.56% IGO's first half beat expectations in terms of operating income with earnings from the Nova project forming 70% of the total earnings. There will be no interim dividend while the broker assumes a final dividend of 6cps.   The addition of Greenbushes to the portfolio is a differentiator, highlights Credit Suisse, and provides investors exposure to the world’s premier global hard rock lithium asset and downstream hydroxide production. The broker views IGO as one of the leading battery materials investments but also considers, post-rally, its value looks full. Rating is downg...

Weekly update on stockbroker recommendation, target price, and earnings forecast changes

No respite for Asian commodity markets from geopolitical risk Asian commodity markets are under no illusion that geopolitical risks will fade in the post-Trump era in 2021 but there is some optimism that it could be less unpredictable than waking up to prices moving on a single overnight tweet. US-China tensions are unlikely to ease but could become less confrontational and transactional, transforming into a more systematic rivalry over issues ranging from human rights, technology, and in what could be the defining theme from 2021—dominance of the new clean energy economy. For resources com...