Mining.com – Iron ore price extends rally as market focus shifts to output reports

Iron ore prices in Asia pushed higher on Monday as strong global steel demand buoyed sentiment, and as Chinese steel mills continued to ramp up output despite the government’s scrutiny of their compliance with stricter anti-pollution rules. “Booming steel production continues to support the iron ore market,” analysts at ANZ told Reuters. The metal price hit a 10-year high last […]

#KDNC – Supply Disruptions Raise Morningstar Near-Term Iron Ore Price Forecasts

A STOCK STRATEGIST INDUSTRY REPORTS by Mathew Hodge Near-term tightness in the iron ore market has persisted and intensified, with several developments in Brazil further restricting  Vale’s (VALE)supply and Cyclone Veronica off Australia interrupting Pilbara shipments. We’ve factored in a reduction of another 20 million tonnes in Vale’s output in 2019 and 10 million tonnes in 2020. […]

Ian Pollard – Persimmon Homes #PSN strong performance to continue in H2

Persimmon Homes plc PSN proclaims that strong results for the half year to the 30th June reflect the continued successful delivery of the Group’s long term strategy. Profit before tax and basic earnings per share both rose by 13%, group revenue by 5% and new home sales by 4%. Forward sales are 6% ahead of […]

Reckitt Benckiser – Admits Incapable Of Growth

Reckitt Benckiser RB Rarely has a board been so isolated from reality that it shows not the slightest comprehension of the fear which its own chosen headlines for its third quarter update, could instill in shareholders. Those headlines speak of a continuing challenging environment and then worse still, an admission that the company needs reorganising […]

BHP – 2017 Dividends Increased by 177%

BHP Billiton BHP benefited in 2017 from a substantial reduction in exceptional losses which fell from $6.4b in 2016  to $842m. as the Samarco dam failure in Brazil weighed less heavily on the company. The year to the 30th June turned out to be a very strong financial year with free cash flow at $12.b., […]

Only Miners Buy Mining Machinery – Are Boom Times Returning

On Wednesday, after a one day leap of 4%, iron ore rose to a 10 month high of $64.30 per tonne making a rise of 50% since the beginning of the year and nearly 75% since the mid December lows. Coking coal is not a glamour commodity by any means but on Wednesday that too […]

China Slumps Into Growth At Mad Hatters Tea Party

That, dear reader, is what the media, the high flying economists, the serious, oh so serious, news anchormen on Bloomberg and Alice in Wondervision, would have you believe. The Chinese economy is in decline, it is crumbling and look what the decline is doing to the prices of commodities.  They are in free fall, have been in […]