Aluminum traded near its highest close in a year on the Shanghai Futures Exchange, as investors focused on tightening supply of the metal https://t.co/2ymmeaesFJ ...

Market Trends - Gold warrants on the Shanghai futures exchange have nearly doubled in one month [1] - Gold warrants on the Shanghai futures exchange are up 25x since the beginning of the year [1] - China is a significant buyer of gold [1] Financial Instruments - Gold warrant information is available at the provided URL [1]

Group 1: Market Conditions - Geopolitical upheaval, global supply constraints, and economic uncertainty have created challenging conditions for energy and commodity firms in Asia over the past 12 months [2] - The liquefied natural gas (LNG) markets experienced significant fluctuations, with Asia-Pacific remaining the dominant LNG-exporting region, increasing output by 4.1 million tonnes to 138.91 million tonnes out of a global total of 411.24 million tonnes [3] - Asia led gas demand growth, with China registering a 7% increase and India achieving a 10% increase in 2024, compared to a global average of 2.4% [4] Group 2: Price Trends - Prices for Asia's Platts Japan Korea Marker (JKM) LNG benchmark contract fell to as low as $8.30 per million British thermal units in early March 2024, but recovered to over $14 per million British thermal units by late November, averaging $11.91 per million British thermal units for the year, a decrease from $13.78 per million British thermal units in 2023 and $33.98 per million British thermal units in 2022 [5] - Oil prices remained fairly stable in 2024 with a slight downward trend, while base metals prices, particularly copper and aluminum, experienced volatility and price dislocations in Asia [6] Group 3: Risk Management and Awards - In the current era of increased uncertainty, effective risk management skills are crucial, with this year's Energy Risk Asia award-winners demonstrating best practices in risk management across various sectors [7] - The award-winners include notable firms such as Macquarie Group for multiple categories, S&P Global Market Intelligence for climate risk advisory, and PLN Nusantara Power for coal house of the year, showcasing innovative thinking that helps firms protect revenues and shape energy markets across Asia [8][9]

Group 1 - Indonesia is preparing to establish a domestic metal trading market for nickel and other metals, with plans to launch in the first half of 2026 [1] - Indonesia is the world's largest nickel producer and holds the largest nickel reserves globally [1] - The government has banned nickel ore exports since 2020 to attract smelting investments and aims to exert greater influence over nickel prices, which are projected to drop to a four-year low by the end of 2024 [1] Group 2 - The Indonesian Nickel Miners Association (APNI) has proposed the establishment of a metal exchange, which has received government approval [1] - The initial phase of the exchange will focus on nickel pig iron contracts, with plans to expand to other nickel products and metals [1] - The APNI is studying the concept and structure of the exchange based on existing systems used by the London Metal Exchange and Shanghai Futures Exchange [1] Group 3 - The goal of the initiative is to control the global nickel market [1] - Eric Koh from LME welcomed the plan, emphasizing the need for a regional pricing mechanism based on local supply and demand to complement global pricing [1] - Daniel McElduff from Abaxx Exchange highlighted the importance of considering the timing and regulatory environment for the plan's success [2]