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ReportsThe Alchemist

The Alchemist_Issue 36 – Copper Price Outlook – update

Reflecting on the Copper Price Cycle - How Good Are Consensus Forecast Where we are in the commodity price cycle is one of the most often discussed and relevant questions for the industry and in this Issue of The Alchemist we consider the copper price movements since January 2016 in order to evaluate the usefulness of the methodology outlined in…
15 October 2019

Coking Coal — Showing its Mettle

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…
10 April 2018