FT Opinion – Commodities Note: Iron ore comes of age
Article from the Financial Times https://www.ft.com/content/302df889-4d6c-48cb-a385-c31961dd489c by Julien Hall and Fiona Boal Once in a generation a new graduate joins that elite circle of globally recognised and traded commodities. Now widely viewed as the second most important commodity behind oil, the evolution of iron ore has mirrored the transformation of China. One of the least volatile commodities in […]
Financial Times – Iron ore outstrips gold as year’s best-performing major commodity
by Neil Hume, Natural Resources Editor Iron ore has outpaced gold to rank as the best-performing major commodity this year, as a rebounding China sucks in vast amounts of the key steelmaking ingredient from mines in Australia and Brazil. The price of the rust-coloured raw material has risen almost 21 per cent in 2020, just […]
FT Article – China turns to steel to galvanise post-Covid economy
Thomas Hale in Hong Kong and Neil Hume in London The coronavirus pandemic is putting China on course to dominate global steel production to an even greater extent than before, accelerating a trend that has gathered pace for more than half a century. In April, a locked-down UK produced less than half of 1 per […]
Financial Times – Europe eclipses China in electric vehicle investment
by Joe Miller EU carmakers help close the gap as they race to comply with strict CO2 emissions targets Europe has outpaced China in attracting investment for electric vehicles and battery development, securing a record €60bn last year largely as a result of Volkswagen’s push into emissions-free cars. The figure, compiled by Brussels-based non-profit Transport […]
China demand pushes iron ore back above $90 a tonne – Financial Times
Iron ore, the steelmaking commodity that is the main source of income for global miners BHP, Rio Tinto and Vale, broke above $90 a tonne this week for the first time since mid-March, supported by strong demand from China. The country is the world’s biggest producer of steel and demand for the metal, widely used […]
FT – Iron ore outlook rests on Vale’s tricky rebound
Iron ore outlook rests on Vale’s tricky rebound by Neil Hume, Natural Resources Editor. Jan 16th 2020 Shareholders are revelling in bumper payouts, but prices could fade down the track. Shareholders in Rio Tinto are likely to be celebrating another bumper payout when the miner reports annual results next month. The Anglo-Australian group — along […]
Financial Times – UK Small-Cap Miners Hold Promise for Investors
Article by the Financial Times ECR Minerals Craig Brown, chief executive of ECR Minerals, insists he is “not a goldbug, not fixated on gold”. Nonetheless, ECR’s main business is exploring for gold deposits and it is planning mines in the Australian states of Victoria and Western Australia. Mr Brown said gold mining is commercially appealing […]
Livent CEO says looking to acquire lithium projects in Argentina and Australia
Article by Financial Times Lithium producer Livent is looking to acquire resources in Argentina and Australia to expand its access to raw materials to meet rising demand from electric cars, chief executive Paul Graves said. The company, which was spun out of its parent FMC and listed on the New York Stock Exchange last year, […]
Cadence Minerals (KDNC): Macarthur Minerals (TSX-V: MMS) Lists on OTCQB and Comments on Iron Ore Price Surge.
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Macarthur Minerals (TSX-V: MMS) (“Macarthur”) today announced that it has joined the OTC marketplace, OTCQB. The OTCQB Venture Market offers the benefits of being publicly traded in the United States to expand Macarthur’s access to investors, engage them with quality disclosure of financials and […]
Financial Times – Wary investors drawn to gold’s allure
Central-bank buying pushes prices higher after two tough years for gold bugs Henry Sanderson and Neil Hume JANUARY 16, 2019 If gold is anything to go by, investors are increasingly anxious about the state of the world. Volatile equity markets and fears of a global economic slowdown have helped gold rally 10 per cent from […]