We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 30 October 21
CHINA'S COAL PRICES SEE BIGGEST WEEKLY FALL IN MORE THAN 5 YEARS - REUTERS
China’s coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjus ...
Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climat ...
Friday, 29 October 21
APAC THERMAL COAL SUPPLY TO REMAIN TIGHT AS WINTER LOOMS - FITCH RATINGS
APAC thermal coal prices have surged, hitting historically high levels. The benchmark Newcastle 6,000kcal/kg grade coal reached USD228/tonne in mid ...
Thursday, 28 October 21
CANADA BAN ON SHIPPING COAL WOULD EQUAL SCRAPPING AS MANY AS 3 MILLION CARS - IEEFA
Canada ban on shipping coal would equal scrapping as many as 3 million cars
Change in Canadian policy could have major implications ...
Tuesday, 26 October 21
CHINA'S COAL-RICH SHANXI BEEFS UP COAL PRODUCTION - XINHUA
Major coal producers in north China’s Shanxi Province, a leading coal-producing region of the country, have beefed up production to ensure en ...
|
|
|
Showing 426 to 430 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- White Energy Company Limited
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Economic Council, Georgia
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
|
| |
| |
|
