Bloomberg - 29/3/21
“The outlook for Australia’s resources and energy exports has strengthened since our last report, supported by the global economic recovery and associated government stimulus measures,” the Department of Industry, Science, Energy and Resources, said in a media release. Production constraints elsewhere in the world had seen prices for many commodities gain momentum in the early part of 2021, the department said.
Price gains are likely to moderate, leading to a modest decline in resources earnings in fiscal 2022, although growth in demand for the materials vital to the clean energy transition is seen buoying the industry out to 2026 and beyond. Lithium exports are set to jump more than five-fold over the period which, along with strong copper and nickel output gains, will put the value of those three metals combined at A$28 billion, just short of Australia’s third-largest export earner in that year, metallurgical coal.
The department revised up its forecast for LNG earnings this year by A$1.5 billion after an especially cold northern hemisphere winter led to higher demand and prices.Even so, “given the large scale expansion of global LNG capacity in recent years, demand is expected to remain short of total supply,” over the next five years, the report said
The BIG drill now for GAS just 2-3 weeks away - hopefully.
We are due for some update flows.
Come on RC time to drive the GAS into the new frontier.
LNG looking very strong and we all know about East Coast demand/shortage.
The Big boys wait...wait..come on my love show us what you got......
SH at GAS and TEG been waiting long enough I know that..Ahhhhh patience.
GO GAS
GO TEG
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