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Wednesday, 24 November 21
WHY THIS MINING ANALYST IS UPBEAT ON THE IRON ORE PRICE FORECAST - MOTLEY FOOL
 In many ways, 2021 can be called the year of the iron ore price. Much of the talk of the ASX town this year has revolved around this key economic metric driving the Australian economy. As we all know, mining plays a major role in our economic machine. Movements in the iron ore price, in particular, can have far-reaching consequences on everything from our exchange rate to the budgets our governments run.
So it was with much excitement that a record high iron ore price that reached more than US$200 a tonne earlier this year was received. That sent the share prices of the ASX’s biggest iron miners like BHP Group Ltd (ASX: BHP), Fortescue Metals Group Limited (ASX: FMG) and Rio Tinto Limited (ASX: RIO) to new all-time highs just a few months ago.
But equally momentous was the subsequent collapse the iron ore price has suffered through in the months since. The ‘red dirt’ was fetching as high as US$220 a tonne just a few months ago. But, today, it is asking just US$92.60 a tonne.
So if you were wondering why the Fortescue share price has now lost roughly 40% since late July, that’s probably a pretty good explanation.
As such, many investors might be wondering ‘where to from here?’ and hoping for an iron ore price forecast.
Ellison gives iron ore price forecast
Chriss Ellison is the executive chair of Mineral Resources Ltd (ASX: MIN), a mining and services company that has done exceptionally well over the past year (up around 35.5%). So it goes without saying that this is a man to get a decent iron ore price forecast from, if there is such a thing.
According to recent reporting in the Australian Financial Review (AFR), Mr Ellison is pushing ahead with his company’s expansion plans for iron ore, despite the recent price collapse. Ellison reportedly is expecting the iron ore price to “consolidate around US$100 a tonne”. Despite the distance between that price and the highs we saw earlier this year, this would still mean “handy margins” for a smaller player like Mineral Resources.
Ellison isn’t the only one looking at US$100 iron ore. The report also quotes Glyn Lawcock, of Barranjoey Capital Partners. Mr Lawcock is expecting the iron ore price to average “above US$100” in 2022. He points to what he sees as the potential for higher Chinese steel output once the 2022 Winter Olympics finish in Beijing next year.
So, if these experts are to be believed, the days of US$200-plus iron ore are over, at least for now. But they also clearly aren’t of the opinion that there isn’t still money to be made from the iron ore price.
Should you invest $1,000 in Mineral Resources right now?
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Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Mineral Resources wasn’t one of them.
The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.
Source: Motley Fool
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Tuesday, 29 March 22
MEMR OF INDONESIA HAS FIXED COAL PRICE AT US$ 90 PER TONNE FOR DOMESTIC INDUSTRIES EXCEPT SMELTER INDUSTRIES; FOR PLN USD 70 IS APPLICABLE
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has set the selling price of coal for domestic, industrial except metal processing an ...
Monday, 21 March 22
A FORCE MAJEURE TO BE RECKONED WITH - BALTIC EXCHANGE
Sanctions cause payment confusion
This dispute in MUR Shipping BV v. RTI Ltd [2022] EWHC 467 (Comm) related to an owner’s purported exercis ...
Monday, 21 March 22
CHINA'S COAL OUTPUT UP 10.3 PCT IN FIRST TWO MONTHS - XINHUA
China’s raw coal output posted fast growth in the first two months of 2022, while coal imports continued to shrink, official data showed.
...
Tuesday, 15 March 22
INDUSTRY VETERANS & ORGANIZATIONS HONOURED WITH THE PRESTIGIOUS SHIPTEK INTERNATIONAL AWARDS 2022
Press Release: The 15th edition of the prestigious ShipTek International Conference & Awards 2022 concluded successfully from March 7th - 8th 2 ...
Tuesday, 15 March 22
CHINA'S COAL OUTPUT GROWS TO STABILIZE MARKET SUPPLY - XINHUA
China’s coal market has seen growth in output since late February amid the country’s efforts to stabilize production and ensure supply, ...
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- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Aditya Birla Group - India
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
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