We hosted our first ever breakfast briefing yesterday at the Engenium head office here in Perth. The briefing was organised specifically for our resource clients and focused on ‘The Future Trends of Commodities’.
We were lucky enough to have Xavier Braud, Resources Analyst from Patersons presenting, who helped us to get a clearer view of where the commodities market is heading.
Xavier summarised the activity in the commodities market, which heated up at the end of 2017 and into the first quarter of 2018, and has since then cooled down again amid tariffs and trade wars as well as financial instability within the European Union.
The presentation highlighted it is still an exciting time to be involved in resources. The Chinese economy continues to grow, and Australia with it. And the US economy is improving amid tax cuts and infrastructure spend.
Despite the lack of new discoveries since 2014 it is still a good time to explore, and exploration funding is still available.
Best performing commodities were highlighted as Nickel, Thermal Coal and Iron Ore. The worst performing being Lead, Lithium and Zinc.
Our next breakfast briefing in December will focus on ‘Blockchain and Crytopcurrency - How Can This Change The World?'.