Iron ore prices are heating up on a shortfall in Brazilian exports due to the pandemic. With negative rhetoric surrounding Australia’s trade relationship with China, what is the outlook for Australia’s iron ore miners?
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Global iron ore prices have leapt a surprisingly strong 5% as doubts re-emerged about the security of Brazilian iron ore supplies in the wake of the continuing spread of COVID-19 across that country.
Read MoreCredit Suisse suspects a V-shaped recovery is unlikely without a 2009-type stimulus from China to underpin commodity markets. Base metal forecasts have been reduced out to 2022.
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BHP’s share price has lagged its peers; however, Airlie Funds Management thinks the miner’s balance sheet, commodity exposures and reinvestment options make it a compelling investment proposition judged on the way COVID-19 has barely impeded the company.
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Scott Kelly, Manager of the DNR Capital Australian Equities Income Portfolio, provides an update on his firm’s outlook for dividends in the Australian equity market.
Read MoreIgnore what was a solid third-quarter production update from BHP and instead look at the warning issued by the company’s CEO about future demand from major customer economies.
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OZ Minerals says it has so far avoided the impact of the COVID-19 pandemic but has loaded up its liquidity. Meanwhile, BHP and its partners have revealed that their huge Antamina copper-zinc mine in the Peruvian Andes has been temporarily closed.
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In more normal times – and nothing is normal at the moment – low oil prices benefit the global economy and stocks such as manufacturers and transport companies. Tim Boreham outlines those Australian companies which stand to benefit from significantly lower energy prices.
Read MoreSo what will BHP, Rio Tinto and Fortescue Metals do now that their Brazilian iron ore rival, Vale, has raised the possibility of curbing or suspending iron ore shipments because of the growing threat of the COVID-19 virus?
Read MoreCredit Suisse cuts oil price forecasts substantially, lowering Brent in 2020 to US$37-42/bbl from US$55-63/bbl. 2021 forecasts are also reduced, to US$45-50/bbl from US$55-65/bbl.
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Iron ore prices look set to continue this week’s rally after Vale, the big Brazilian miner was forced to close an 11 million tonnes a year mine.
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The high iron ore prices in the final half of 2019 saw BHP’s profit soar nearly 40% on the back of the boom in the price of steelmaking commodity, pushing interim dividend to a record 65 US cents a share from 55 cents paid previously.
Read MoreDespite smoke and dust from Australia’s bushfires hampering output at its coal operations, BHP has maintained its production and cost guidance across its portfolio for the year to June after an uneventful three months to December.
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As we enter 2020, it would appear the market is expecting the iron ore price to go down significantly, given the price of Australian mining stocks.
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A glance through the latest expert views and predictions about commodities. Large cap resources; copper; base metals; iron ore; and coal.
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With a backdrop of low interest rates where should investors seek yield? Informed Investor sat down with Scott Kelly, Portfolio Manager for the DNR Capital Australian Equities Income SMA to find out.
Read MoreInvestors and analysts have welcomed the news that BHP has chosen senior executive, Mike Henry as the mining giants next CEO.
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BHP says senior executive, Mike Henry will become CEO of the mining giant from the start of 2020, replacing the incumbent, Andrew McKenzie who steps on December 31 and retires next June.
Read MoreDespite fears about peak oil and peak demand for oil, as well as the continuing pressure cut the use of fossil fuels, BHP remains a believer in oil and gas.
Read MoreGlobal iron ore prices are again edging higher thanks to Vale, the big Brazilian miner, lowering its 2019 production forecast and producing a third-quarter profit smaller than expected.
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Vale, the big Brazilian iron ore exporter has quietly trimmed it’s production and export guidance because of a new problem at the Itabira Complex, one of its key mining zones.
Read MoreBHP has joined rival Rio Tinto in maintaining full-year production and sales targets after a solid performance in the three months to September 30.
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A glance through the latest expert views and predictions about commodities. Coal; oil; alumina; iron ore; gold; and diamonds.
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A glance through the latest expert views and predictions about commodities. China infrastructure; iron ore miners; Indian industry; coking coal; oil; and rutile.
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The Big Australian’s success is also good news for nearby tiddler Investigator Resources. Plus, NSW copper producer Aeris Resources hits back at market doubters with some exceptional drilling results.
Read MoreThe share prices of BHP, Rio Tinto, and Fortescue are back under pressure after global iron ore prices fell another 6% on Wednesday to their lowest level in six months.
Read MoreNo pleasing some investors BHP’s profits may have hit a five-year high on the back of a spike in the surge of iron ore prices to more than six-year highs, helping boost the payout to shareholders to record levels, but the shares fell to their lowest level since February at one stage.
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More EVs and more nickel in each of them will drive nickel demand through the roof, says the head of BHP’s Nickel West arm. His forecast is great news for those juniors with large nickel deposits awaiting development, such as the Jaguar project just acquired by Centaurus from Brazilian giant Vale.
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Iron ore prices have tumbled again, losing more than 4% on Wednesday and yet investors in Australia were sanguine and ignored the slide when a week ago they were selling off the shares of the big miners with alacrity.
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Standby for another round of selling in the big three iron ore companies in the wake of a slump in global prices after Donald Trump’s move to step up his trade war with China.
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The global iron ore market could be short by around 30 million tonnes a year from 2020 and gradually improving by 2021-2022 as Vale, the big Brazilian miner, battles to recover from the January tailings dam disaster.
Read MoreLike rival Rio Tinto, BHP has reported a rebound in iron ore output in Q4, at the same time the global mining giant has warned of $US1 billion in productivity losses for 2019, flowing from disruptions to operations across its commodities.
Read MoreActual earnings this week will be few in Australia, but the big news reports will the June quarter, full year and half year production reports from the country’s major miners.
Read MoreThe winner in 2018-19 and so far in 2019 is…iron ore…with a gain of 82% over 2018-19 and the biggest winner amongst the miners continues to be Fortescue Metal.
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Rohan Walsh is the Portfolio Manager of the Ironbark Karara Australian Equities Fund. In this video he discusses BHP, RIO and commodity prices.
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Iron ore prices have topped $110 a tonne for 62% Fe ore delivered to Northern China as BHP, Fortescue and Rio ship as much product as possible to China to make up for the shortfall from Vale and to exploit the high prices.
Read MoreIron ore prices bounced more than 5% on Tuesday as Chinese steelmaker stocks eased again and Rio Tinto revealed it would not be selling as much of its key high-grade Pilbara fines blend and lump ore over the next two months.
Read MoreBrazil’s Vale is plagued by problems at its iron ore mines and, despite surging prices, other suppliers are finding it difficult to make up the difference. Yet are prices peaking?
Read MoreRio Tinto shares hit an 11 year closing high of $105.30 yesterday as world iron ore prices crashed through $US108 a tonne (More than $A156 a tonne).
Read MoreThe company has presented a 10-20 year vision, acknowledging the world is changing and that BHP Group needs to change as well. The company envisages electrification and decarbonisation the two dominant themes evolving over the medium-long-term.
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