Vale Announces $US5bn Share Buyback
Brazilian base metals group Vale has just revealed a $US5 billion share buyback over the next 12 months at a time when production and exports of iron ore, copper and nickel are rebounding solidly.
Read MoreBrazilian base metals group Vale has just revealed a $US5 billion share buyback over the next 12 months at a time when production and exports of iron ore, copper and nickel are rebounding solidly.
Read MoreExports of iron ore from Brazil are surging as the crackdown on pollution in steelmaking cities forces Chinese steel mills to buy higher grade Brazilian product.
Read MoreGold stocks have underperformed other asset classes since the start of the year, weighed down by elevated US Treasury yields and a stronger dollar. VanEck Investments with more.
Read MoreGlobal iron ore and Chinese steel prices are set for a shaking over the next month as the government kicks off a surprise inspection of steelmaking facilities that will check companies’ adherence to pollution control measures agreed to as far ago as 2015.
Read MoreDespite the easing of the OPEC+ group’s production cap late last week, global oil markets will continue to be all over the place this month as they react to a raft of factors.
Read MoreIron ore lost ground and strength in March and in the first quarter as Chinese steel mills chased higher quality ore from Brazil in preference to their usual target of 62% Fe fines from the Pilbara region of Australia.
Read MoreGold prices took a big hit Tuesday in the wake of a sudden surge in US bond yields, losing 1.8% as it pushed through the $US1,700 an ounce level to settle at $US1,683.90.
Read MoreWith the Suez Canal freed up and shipping returning to normal, oil traders are now watching the next OPEC plus meeting on Thursday evening, Sydney time to see what happens to oil prices.
Read MoreThe debacle in the Suez Canal dominated commodity markets last week and will do so this week as oil prices kicked higher again on Friday, copper and gold rose, as did iron ore.
Read MoreOur story earlier in the week about the potential impact on iron ore prices and exports to China of the smog-related regulations introduced in Tangshan struck a nerve among our readership. We thought a follow-up was necessary.
Read MoreShares in Resolute Mining, the African-focused gold producer, fell out of bed yesterday when the company revealed it had lost a gold mining lease in the West African country of Ghana.
Read MoreTrouble abounds for a number of NSW’s major coal players thanks to COVID-related price action, questionable behaviour on the part of former executives, and good old Mother Nature.
Read MoreShould commodity markets continue to move up and central banks realise their objective of higher inflation, a trend-following strategy that takes positions in all asset classes may be worth consideration.
Read MoreThe 2021 boom in iron ore has been popped with the price of the most popular type – 62% Fe fines – dropping into negative territory for the first time this year on Monday.
Read MoreInvestors will be watching the news of a potential slashing in Chinese crude steel production and demand for iron ore after tough rules on pollution control were announced in Tangshan.
Read MoreDid Rio Tinto spot this major change coming from the SEC that will force every energy company in the world to take climate change issues far more seriously?
Read MoreThe boom in oil prices came to a crashing end on Thursday with futures down 7% as traders realised that Covid’s resurgence in parts of Europe would be negative for demand.
Read MoreGold miner Evolution is expanding its involvement in the Canadian mining industry with a second deal in less than two years, the purchase of Canadian group Battle North.
Read MoreCommodities face another buffeting this week with the US Federal Reserve meeting, statement and forecasts very likely to send prices in all directions.
Read MoreDwindling appetite for exploration, a pandemic-driven drop in global demand, and US shale operators seemingly running out of puff, have all coalesced to make the ‘perfect storm’ of higher prices and limited supply that is brewing for OPEC.
Read MoreIt will pay to keep an eye on the Port Hedland iron ore export figures when they are released over the next couple of months after February saw another dip in shipments to China.
Read MoreNewcrest seems to have found a whole new area of interest at its 70% owned Red Chris gold and copper mine in British Columbia in Western Canada.
Read MoreNewmont, the world’s biggest miner, has lifted its interest in Canada’s Red Chris region with a $A400 million plus takeover announced on Wednesday.
Read MoreChina’s major commodity imports held up well in January and February despite some cooling in activity in both manufacturing services.
Read MoreTsingshan’s battery contract triggers nickel over-supply concern. Major steel production cuts mooted. Is an oil price consolidation period due? Bulks well supported, demand cooling for base metals. Gold loses appeal.
Read MoreOil prices jumped sharply for a second day in a row on Friday, hitting their highest levels in more than a year, while gold finished the week under $US1,700 an ounce and at a 9-month low.
Read MoreA new 15-day lockdown in one of Brazil’s two main iron ore regions sent the price of high-quality ore surging to record highs on Thursday.
Read More2020 will likely be pinpointed as the year where the groundswell of public demand, technological advancements and economic pressures culminated to reshape the global energy supply paradigm.
Read MoreAccording to the RBA’s monthly Commodity Price Index the current resources upswing has now reached levels last seen in 2008.
Read MoreThe future for commodities may look bright. Tom Shelmerdine, Investment Analyst with T. Rowe Price explains why.
Read MoreAs bonds and currencies thrashed around last week commodities were left in disarray and on Friday sharp falls saw the big gains over the month were clipped at the very end.
Read MoreTaking a ground-floor position in listed hydrogen stocks could return in spades over time. Mark Story explains why.
Read MoreAllianceBernstein doesn’t think the beginning of the end is here for the oil and gas industry, but they do believe the energy sector faces substantial change—and companies need to adapt over time.
Read MoreViva Energy has followed its rival Ampol in revealing the damage done to the refining, distribution and retailing of oil and petrol products by COVID.
Read MoreAPA Group shares fell yesterday after revealing an $11.7 million first-half loss thanks to a $250 million non-cash impairment against the value of its Orbost gas plant in Victoria.
Read MoreLike its peers Santos and Woodside, Oil Search has emerged from a challenging year in 2020 considerably slimmer, with a big blob of red ink on the books, and back in favour again.
Read MoreThe Aussie dollar and major commodities continued their strong start to the year with some positive moves in overnight trading.
Read MoreSurging Australian demand, aided by solid sales into the US residential construction sector, saw BlueScope’s highest Australian steel dispatches in a decade and a 78% jump in profit.
Read MoreAmpol has lopped its dividend after revealing a sharp fall in earnings and margins as oil prices and demand for products like petrol and jet fuel were hammered by the pandemic.
Read MoreCopper’s boom continued last week, iron ore picked up after the Lunar New Year break, oil fell, and gold again weakened despite rising fears about inflation, especially in the US.
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