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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?
Before you consider Mineral Resources, you’ll want to hear this.
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, 08 March 22
RUSSIA-UKRAINE CONFLICT ADDS IMPETUS TO ASIA'S ENERGY TRANSITION - IEEFA
Clean energy alternatives are a crucial hedge against future disruptions in global commodity markets
Russia’s invasion of Ukra ...
Tuesday, 08 March 22
THE HIGH COST OF INDONESIA’S DOWNSTREAM COAL PROJECTS IS UNDERESTIMATED - IEEFA
Three Indonesian ministries have come up with a DME purchase price of US$378/tonne fixed for 20 years compared to IEEFA’s US$601/tonne estima ...
Wednesday, 02 March 22
SHIPPING MARKET INSIGHT - INTERMODAL
The escalating confrontation between Russia and Ukraine has the potential to disrupt global order and set the world back a few decades. While count ...
Tuesday, 22 February 22
THE DRY BULK MARKET HAS MOVED ON A POSITIVE TRACK - ALLIED
The dry bulk market has moved on a positive track as of the past couple of weeks or so. Following the typical softening in freight conditions durin ...
Tuesday, 22 February 22
CHINA'S DAILY OUTPUT OF COAL REBOUNDS TO OVER 12 MLN TONNES - REUTERS
China’s coal output returned to more than 12 million tonnes per day as of Feb. 20, the country’s state planner said on Monday, a level ...
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- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- The University of Queensland
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
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