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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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Friday, 04 February 22
RENEWABLES ON THE RISE, COAL CONTINUOUSLY FALLING - EUROPEAN COMMISSION
Although oil (34.5%) and natural gas (23.7%) were still the most important fuel sources in the EU energy mix in 2020, renewable energy’s shar ...
Thursday, 03 February 22
COAL SHORTAGE NOW AT ALARMING LEVELS, SAY ALUMINIUM PRODUCERS - IANS
With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the Alumi ...
Wednesday, 02 February 22
HIGH COKING COAL PRICES PROVIDE GLIMPSE INTO STEELMAKING'S FUTURE - MCKINSEY
Last year was a volatile one in global commodity markets. Demand for coking coal, an essential raw material in the production of steel, was extreme ...
Wednesday, 02 February 22
INDONESIA'S RESTRICTIONS ON COMMODITIES RATTLE MARKETS, MORE MOVES LIKELY - REUTERS
In just the first month of this year, Indonesian policymakers have rattled global markets with restrictions on some of its biggest commodities expo ...
Wednesday, 02 February 22
CHINA'S TOP COAL PRODUCER FORECASTS 28 PCT PROFIT GROWTH IN 2021 - XINHUA
China Shenhua Energy Company Limited, one of the country’s biggest coal producers, said its net profits are expected to jump by 28 percent in ...
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- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Planning Commission, India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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