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Iron Ore

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If someone can post a link...there's also a speculative element to this bubble...
 
CanOz said:
If someone can post a link...there's also a speculative element to this bubble...
Click to expand...

http://www.bloomberg.com/news/artic...ron-ore-s-going-back-to-35-as-surplus-returns goldman-says-iron-ore-s-going-back-to-35-as-surplus-returns

http://www.bloomberg.com/news/artic...-above-70-as-chinese-steel-mills-boost-demand iron-ore-surges-above-70-as-chinese-steel-mills-boost-demand

no extreme pessimism + a winter phase ?

smells like teen bounce, crowded trade longside

http://www.businessinsider.com.au/the-iron-ore-price-continues-to-climb-2016-2 the-iron-ore-price-continues-to-climb-2016-2 (feb 17th)
http://www.fool.com.au/2016/03/08/is-this-the-start-of-another-iron-ore-bull-market/ is-this-the-start-of-another-iron-ore-bull-market/ (march 8th)
 

Thanks mate....

i used to have an Iron ore index in my Premium Data, can't find it now...
 
From the tweet deck....
 

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Rumor becomes fact....
 

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Well done! Limit up in the face of restrictions.
 

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China's thirst for Australian iron ore has just registered an all time record of $9.4 billion in a single month, helping to drive a big bounce in overall exports. Preliminary figures from the Australian Bureau of Statistics showed the bounce in exports means Australia is likely to have recorded a 30th successive trade surplus in June.

June exports to China increased by 7 per cent, or about $1 billion, to $14.5 billion. The jump in iron ore exports to China pushed the total exports of iron ore for financial year 2020 to over $100 billion, representing more than a quarter of Australia’s total goods exported for this period, and likely to provide a comparatively small but helpful boost to the government's deficit of $85.8 billion.
 

For people believing there are other markets to go to if/when China blocks us:
and do not forget that our competitive advantage (shorter shipping distance) can turn in a major disadvantage if we try to redirect anywhere but Japan and Korea. And with Biden in power and control, China has free reign (pun intended)
 
from the latest BHP quarterly
  • a 35% improvement in the average realised price of iron ore to $US103.78 a tonne
  • updated its guidance for the full year – has increased to between 245 million tonnes and 255 million tonnes, reflecting the restart of Samarco pellet operation in Brazil in December. (it was previously 244 to 253 million tonnes).
  • Including shares in production held by shareholders in some of the mines, BHP is looking at between 276 million tonnes and 286 million tonnes of iron ore shipments for the financial year to June 30.
  • produced 128.4 million tonnes of iron ore (145 million tonnes on a 100% basis), a rise of 6% on the six months to December, 2019.
 
Update from Share Cafe on Iron Ore prices.
Some significant observations
  • Current Iron Ore prices falling because of reduced China demand
  • New China policy in place to ensure a long term reduction in steel demand as part of low carbon initiatives
  • The new policy will reduce demand for lower quality iron ore, 58% fines (mostly Australian source)
  • And yes China is intending to reduce its dependence on Australian iron ore.

Poor Start to Feb for Iron Ore - Sharecafe

Contrary to historical trends, Iron ore prices are down sharply in February ahead of the Lunar New Year Festival starting February 11.
www.sharecafe.com.au
 
New directions in Hydrogen based steel production for Australian miners.

These billionaires believe green hydrogen will provide a carbon-free future for iron ore mining - Stockhead

Andrew Forrest's groundbreaking speech heralding Fortescue Metals Group's (ASX:FMG) move into green hydrogen for steel production has grabbed headlines.
stockhead.com.au
  • Carbon-free green hydrogen is being embraced by iron ore miners for home-grown steel and iron pellet production
  • ASX company Iron Road to join FMG and GFG Alliance as green hydrogen iron ore companies in Australia
  • ‘The production of ‘green pellets’ offers Iron Road the opportunity to diversify its product streams’ Iron Road said
 
Maybe ok news, but not actually the best news: https://www.sharecafe.com.au/2021/04/13/oz-ore-exports-continue-to-lose-ground-to-brazil/
 
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