Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

50 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

Iron Ore, The Iron Ore Industry
blacksheep
post Posted: Mar 8 2019, 11:29 AM
  Quote Post


Posts: 5,579
Thanks: 2100


extract - Rio Tinto's shares take hit after two analyst downgrades

QUOTE
Iron ore mining giant Rio Tinto's (LON: RIO) shares dropped more than 7% on the London Stock Exchange Thursday, following two consecutive analyst downgrades.

On Wednesday, Swiss bank UBS lowered its Buy rating for Rio Tinto to Neutral, citing a possible downturn in iron ore prices over the next six months.


QUOTE
The latest rating changes are a byproduct of a more cautious stance by the investment banks on the mining sector after a promising start in 2019, especially in the long-term.

Iron ore price has been soaring since the beginning of the year, partly due to Vale’s dam disaster in Brazil and the market fallout. The price surge drove Rio Tinto's stock up over 20%.


http://www.mining.com/rio-tintos-shares-ta...yst-downgrades/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Mar 4 2019, 03:07 PM
  Quote Post


Posts: 5,579
Thanks: 2100


Chinese steel mills delay iron ore restocking, eye cheaper alternatives
Reuters | 2 days ago |
QUOTE
BEIJING – Chinese steel mills are slowing iron ore purchases and seeking cheaper alternatives to Australian supplies after a steep run-up in prices in February, five mill executives and several traders told Reuters this week.

QUOTE
Non-mainstream sources
Mills are also avoiding major suppliers like Vale and Australian rivals Rio Tinto, BHP Group and Fortescue Metals Group (FMG), and are seeking cheaper ore from small miners in Australia, South Africa, India and Indonesia, said the traders.

"Even mainstream low-grade ore has soared to a level that we can't afford," said a purchase manager at a steel mill in Jiangxi province.

FMG's Super Special Fines, a blend with iron content of only 56.7 percent, is now at a discount of 16 percent to benchmark 62 percent iron ore versus 33 percent last month.

"(Moderating margins) have influenced customers' preferences for specific products and created increasing demand for lower-grade iron ore," said Danny Goeman, Fortescue sales and marketing director, at a conference in Beijing on Wednesday.

Mills are also considering alternatives to iron ore such as iron sands.

The Jiangxi mill purchase manager said it bought iron sand from Indonesia with 56 percent iron content to save on costs.

"Non-mainstream products suddenly became very hot, although more people are asking rather than making actual purchases," said a manager at a major commodities trading house in eastern Zhejiang province.

($1 = 6.6862 Chinese yuan renminbi)

(Reporting by Muyu Xu and Dominique Patton)


Elsewhere - Iron ore prices perk up as Chinese air quality gets hazy
DAVID SCUTT
MAR 4, 2019, 7:36 AM

Read more at https://www.businessinsider.com.au/iron-ore...yKOVj5AAC8L1.99



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 28 2019, 10:09 AM
  Quote Post


Posts: 5,579
Thanks: 2100


In Reply To: blacksheep's post @ Feb 9 2019, 12:10 PM

Moody's cuts Vale's credit rating to junk
Amanda Stutt | about 2 hours ago |
QUOTE
Mining giant Vale (NYSE: VALE) took a hit on Wednesday when Moody's Investor Service downgraded its debt to junk.

Moody’s downgraded the miner’s senior unsecured ratings and the ratings on the debt issues of Vale Overseas Limited. The downgrades remove Vale’s credit rating from the investment range entirely.

“The outlook for all ratings is negative,” Moody’s reported. “These rating actions conclude the review for possible downgrade for Vale's ratings initiated on 29 January 2019 in response to the collapse of the tailings dam at the Córrego do Feijão mine in the city of Brumadinho, state of Minas Gerais.”

read more - http://www.mining.com/moodys-cuts-vales-credit-rating-junk/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 27 2019, 08:52 PM
  Quote Post


Posts: 5,579
Thanks: 2100


Hot-rolled mess: China's steelmakers hit the skids as car sales slow
QUOTE
BEIJING (Reuters) - China’s steel mills may have taken a wrong turn by adding millions of tonnes of new high-end capacity just as the country’s car sector, a key steel consumer, undergoes its first contraction in decades, cutting metal demand
.
read more -https://www.reuters.com/article/us-china-steel-autos-analysis/hot-rolled-mess-chinas-steelmakers-hit-the-skids-as-car-sales-slow-idUSKCN1QG0M1



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 22 2019, 12:18 PM
  Quote Post


Posts: 5,579
Thanks: 2100


QUOTE
Brazil's mining agency (ANM) has ordered Vale (NYSE:VALE) to suspend operations at its Fabrica and Vargem Grande complexes, as part of an ongoing crack down following last month's deadly dam break at the iron producer’s Corrego do Feijão mine.


QUOTE
[b]The Vargem Grande complex, which accounts for around 13 million tonnes of iron ore per year, had been shut since early February[/b], as part of Vale's previously announced plans to curb 40 million tonnes of output
.
http://www.mining.com/brazil-mining-author...vale-complexes/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 9 2019, 12:10 PM
  Quote Post


Posts: 5,579
Thanks: 2100


In Reply To: blacksheep's post @ Feb 2 2019, 10:26 AM

Goldman and its biggest critic agree on iron ore, finally…
Bloomberg News | about 6 hours ago
extract
QUOTE
Vale’s troubles began in late January when a tailings dam collapsed, killing at least 150 people and leveling part of a town. The company announced it’s decommissioning dams similar to the one involved in the fatal accident — a move that would cut annual output by 40 million tons. The company has said it plans to offset some of the output loss by ramping up operations elsewhere.

Its fate took a turn for the worse after a court order forced Vale to halt operations at its Brucutu mine, crimping production by another 30 million tons and prompting the company to declare force majeure on some of its contracts. On Friday, Brazil’s National Mining Agency ordered the evacuation of about 500 people near the company’s idled Gongo Soco mine after its consulting firm declined to vouch for the integrity of a tailings dam.

Goldman isn’t the only bank predicting a shortfall. In January, even before Vale said it’s halting operations in Brucutu, Australia & New Zealand Banking Group Ltd. analysts were already forecasting a shortfall of 10 million tons this year, revising their earlier outlook for a 15 million ton surplus.

“In the near term, the significant disruption to Brazilian supply and the uncertainties associated with it will likely keep iron ore prices elevated and volatile as supply elsewhere cannot adjust quickly enough to offset the shortages,” Goldman analysts including Currie and Hui Shan said in a note dated Feb. 7.

(By Luzi Ann Javier and Joe Deaux)

http://www.mining.com/web/goldman-biggest-...on-ore-finally/

Hundreds evacuated in Brazil on fears over mining dams safety
http://www.mining.com/hundreds-evacuated-b...her-vales-dams/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


nipper
post Posted: Feb 7 2019, 03:49 AM
  Quote Post


Posts: 5,289
Thanks: 1939


Iron ore prices could be heading back to $US100 a tonne, in the short term at least, according to the Commonwealth Bank. Iron ore has rallied almost 40 per cent since November.
QUOTE
Key points:

- Iron ore prices are heading back to levels last seen in the 2014 boom
- A combination of tight supply and demand from China and India could see prices hold at around $US80/tonne
- A $US10/tonne rise adds $1.9b to the budget bottom line this year and $3.6b next year.

https://mobile.abc.net.au/news/2019-02-06/i...502?pfmredir=sm



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Feb 2 2019, 10:26 AM
  Quote Post


Posts: 5,579
Thanks: 2100


In Reply To: blacksheep's post @ Jan 29 2019, 08:31 PM

Is the IO rally over - Shorts have been piling into FMG, RIO and BHP in recent days.

Bloomberg article is of the same opinion - several reasons given - see link for full details plus charts
This iron ore rally is living on borrowed time
Bloomberg Opinion | about 5 hours ago |
extract
QUOTE
Vale’s prize asset, the S11D mine, is still running at barely more than half the full annual-production capacity of 90 million tons that it should hit next year, giving plenty of scope to make up the shortfall from other pits.The more important issue is what’s happening on the demand side, though. The Baltic Dry Index is a frequently watched measure of shipping costs, heavily influenced by the price of leasing the Capesize bulk ships that transport coal and iron ore. On Friday it fell to its lowest level in nearly two years, down almost 40 percent in the space of a month.


QUOTE
The more likely scenario is that prices trying to scale the hill of shrinking supply are ignoring the gulf of falling demand. This rally is living on borrowed time.

http://www.mining.com/web/iron-ore-rally-l...-borrowed-time/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Jan 29 2019, 08:31 PM
  Quote Post


Posts: 5,579
Thanks: 2100


In Reply To: blacksheep's post @ Jan 29 2019, 02:22 PM

Australian iron ore miners' prices set to jump following Vale disaster
By Luke Housego
Updated 29 Jan 2019 — 7:50 PM,
first published at 5:47 PM

QUOTE
BHP, Rio Tinto and Fortescue are among the Australian iron ore producers that may reap higher prices if Brazilian authorities order a halt to iron ore miner Vale's operations in response to the fatal Feijao dam collapse in which 65 people have been confirmed dead so far.


QUOTE
The fallout from the recent dam collapse also could affect the ongoing settlement negotiations with the Samarco joint venture, which is equally owned by BHP and Vale.

read more - https://www.afr.com/business/mining/iron-or...20190129-h1al9s



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 29 2019, 02:22 PM
  Quote Post


Posts: 5,579
Thanks: 2100


In Reply To: blacksheep's post @ Jan 29 2019, 01:53 PM

Vale's SP has taken a beating - Vale analysts see charges, lawsuits, halts undermining stock
Bloomberg News | about 11 hours ago |

read more - http://www.mining.com/web/vale-analysts-se...ermining-stock/



Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
 


50 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING