Blogotariat

The ferrous complex is unwinding. Steel is under the pump. Bloomberg. Prices of a key Chinese steel product used in construction were at their lowest since 2017 as the world’s biggest market for the metal grappled with a massive glut. Reinforcement bar — or rebar for short — is a benchmark for China’s traditional steel

The post Steel plummets, iron ore levitates appeared first on MacroBusiness.

It sounds huge. China is on the cusp of its biggest move yet to open up its vast commodities markets, after the Shanghai Futures Exchange unveiled an internationalization plan to streamline access for overseas investors. The country’s biggest raw materials bourse is soliciting views on a proposal to let participants post foreign exchange as collateral for yuan-denominated trades, according

Modelling undertaken by Tulipwood Economics on behalf of the Council of Small Business Organisations of Australia suggests that reducing the sector’s tax take could significantly boost economic activity. The modelling claims that reducing the tax rate for small businesses from 25% to 20% could increase GDP by between $5.2 billion and $11 billion over the

The post There are better options than cutting company taxes appeared first on MacroBusiness.

Greens leader Larissa Waters gave a wide-ranging interview, declaring that the environment is in the party’s DNA and will remain a key focus. “Yes, of course, we formed originally out of the environment and climate movement and, yes, that’s in our DNA”, she said. Waters’ declaration comes amid the backdrop of the party’s immigration policy,

The post The Greens are an environmental threat appeared first on MacroBusiness.

Remember that time I was supposed to be writing a very serious history of Sydney and I started messing around with a time-travelling aircraft carrier, and that turned into Weapons of Choice? Yeah so, whoops, I did that again. This time I stumbled into something that surprised even me.

Spy-romance novels.

Siemens wins highly lucrative contract to install seven syncons - huge spinning machines that do not burn fuel - to support rollout of wind and solar projects in NSW.

DXY is hanging on again. AUD is still grinding up but failing to launch Leads boots are climbing Gold and oil shaky. Metals no bueno. EM meh. Junk all clear. Yields eased. Stocks eased. It is a strange new world in which both DXY and AUD are heavily shorted so both may climb at any

The post Australian dollar rides American idiot premium appeared first on MacroBusiness.

Giles Parkinson and expert panelists discuss how AI and batteries can help protect energy users.

New quarterly data details a flying start to what promises to be a big year for big battery investment, and the investment in wind and solar is also rebounding.

In the early 2000s, the federal Labor government made the disastrous decision to allow the export of liquefied natural gas (LNG) from Queensland without forcing gas companies to first supply Australians. Gary Grey, the then-Federal Resources Minister under the Gillard/Rudd Labor governments, argued that domestic gas reserve policies create uncertainty and discourage investment, pitting the

I had the opportunity today to visit the Bradfield recount, thanks to being appointed as a scrutineer. I did not attempt to challenge any ballots, but this gave me the best way to see how the process works. I was thinking of doing a podcast, and I may do that at some point if I get to interview some of the scrutineers, but for now I thought I’d summarise what I found in a blog post.

The not-for-profit that took on Energy Australia and forced it to admit that its carbon offset product failed to eliminate the harms of burning fossil fuels.

Federal energy minister says he wants Australia's co-hosting of COP31 to “knock it out of the park,” but his government's approval of a gas carbon bomb could knock it out of contention.