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 […]
Mining Global Magazine – Brazil’s Vale to avoid driving down global iron ore market
CFO states that miner will place caution before capacity as it looks to press forward with its recovery from deadly 2019 dam catastrophe. Brazilian miner Vale SA will place caution before capacity as it seeks to avoid driving down the iron ore market and presses forward with its recovery from a deadly dam break in […]
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 […]
Iron ore price firm after BHP confirms lower exports – Financial Times
Price surge of steelmaking ingredient has created a huge cash windfall for big producers The price of iron ore remained above $120 a tonne on Wednesday after BHP Group, one of the world’s biggest suppliers of the steelmaking ingredient, revealed annual exports had declined for the first time this century. In a trading update, the […]
Mining Journal – Iron ore price to incentivise swing production, says BMO
Current iron ore prices of US$100/tonne should be enough to spark activation of about 60 million tonnes of swing production to “balance the market”, according to BMO, with perhaps 40Mt of that coming from China. BMO director, equity research, metals & mining – international, Edward Sterck, said a restart of Vale’s stalled 30Mtpa Brucutu mine […]
The Age: Even if it all turns sour, 2019 is already a vintage year for iron ore
The Age 30th May 2019 On Tuesday the market watched in awe as the iron ore price was elevated to eye watering levels of $US108. By Wednesday, fresh speculation over marginal additions to supply caused the Chinese iron ore futures to wobble – the price dropped 2.3 per cent. When a commodity has soared to a five-year […]
#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. […]
David Paul of Vectorvest on Core Finance TV – Waiting for confirmation of a bottom in the Stock Market, plus #AAL, #RIO, #ELA, #PSON
Dr David Paul of Vectorvest appears with Nick ‘Moose” Batsford on Core Finance TV. Subject: Waiting for confirmation of a bottom in the Stock Market. Stocks covered include Anglo American (AAL), Rio Tinto (RIO), Eland Oil & Gas #ELA and Pearson #PSON. “Never let a good crisis go to waste”.
Corporate news review Friday 1st September 2017
Flybe Group FLYB announces the start of its alliance with Eastern Airways (UK) Ltd. The two have signed a joint revenue and risk sharing agreement, covering four Eastern aircraft, to fly existing Flybe branded routes from Aberdeen, Edinburgh, Glasgow and Manchester. These flights start today, and will significantly enhance connectivity in Scotland. Ramsdens Holdings RFX […]