Category

Reports

Buoyant commodity prices not enough to keep AUD afloat

By | Reports | No Comments

The Alchemist, Issue 35: Resilience in commodity prices has not been enough to prevent the Aussie dollar from being one of the worst-performing developed economy currencies of 2018. The Aussie dollar closed out in January 2019 at US$0.715, $0.137 below the price predicted by RFC Ambrian’s commodity price-based exchange rate model. The ongoing deviation between commodity prices and the AUD/USD…

Read More

Copper M&A — The Cupboard is Nearly Bare

By | Reports | No Comments

We review a decade of copper M&A and preview future activity — In this piece we review the past decade’s copper M&A and identify a number of key trends. We also look at the likely acquirers of assets and assess the large-scale copper assets that are likely to be the subject of future interest and those that may become available….

Read More

African Gold M&A — The Market’s Open

By | Reports | No Comments

Today we are publishing a thematic report on African Gold M&A entitled The Market is Open. In this report we take a look at the past, present and future for M&A activity in the African gold space (excluding South Africa). We review M&A activity over the past ten years to provide some context, we assess the current strategies and financial…

Read More

Coking Coal — Showing its Mettle

By | Reports | No Comments

The scarcity value of the commodity and investable companies in the coking coal space makes it an interesting and under-analysed sector for equity investors. Combined with above-consensus forecasts for commodity prices, our analysis suggests that the outlook is bright. This view appears to be shared by many corporates, with the recent prices paid for high-quality projects in the asset market…

Read More

The Aussie Dollar — Not Coming Down Anytime Soon

By | Reports | No Comments

The Alchemist, Issue 34: The Australian dollar traded at a January average of US$0.795/A$ and ended the month at US$0.807/A$.  This recent appreciation has largely been due to the broad, positive macroeconomic outlook and the ongoing expectations for an interest rate increases in the near future. For the full report please click here.

Read More