Hints and tips:
...The mining sector remains unloved by investors despite record profits for many big companies last year, and despite widespread expectations of a boom in demand for metals such as copper, iron ore and nickel...
...In a statement, Moooi said Chiave’s role as “co-creative director” made him second-in-command at the studio....
...A second technology that investors should take notice of is the iron-air battery, in which energy can be stored and discharged through the rusting and “unrusting” of iron....
...In a recent study S&P estimated demand for copper would double to 50mn tonnes by 2035 because of its uses in electric vehicles, charging infrastructure, solar panels, wind turbines and batteries....
...Three senior executives at the Australian iron ore miner Fortescue Metals Group have resigned. Read more here....
...The broader S&P/ASX 200 index was up 0.3 per cent....
...The deal, though small, left Toshiba with two big problems: large delays and cost overruns at two US-based nuclear projects, and a legal dispute with Chicago Bridge & Iron, S & W’s vendor, over the level...
...Noticing several trades at $200 or $250 a share or more, he said to Lucien Hooper of W.E. Hutton & Co. that he intended to return to the office to “write about these blue-chip stocks”....
...Australia’s S&P/ASX 200 added 0.7 per cent, despite weakness for BHP Billiton after the Anglo-Australian miner reported quarterly iron ore output that fell short of its production targets....
...Firmer copper and iron ore prices in recent sessions have been underpinning commodity stocks of late and that contributed to Australia’s S&P/ASX 200 climbing 0.7 per cent....
...Shares of Fortescue Metals Group, an iron ore miner, are down 3.2 per cent....
...The S&P has fallen 3 per cent since climbing to within a whisker of its all-time high of 2,134.72 a week ago....
...Investors have already been told to expect impairments of up to $4bn related to Anglo’s coal and iron ore businesses....
...But, under the paint on Ford’s new F-150, the body was made of aluminium — a metal that had never before been used on a vehicle produced in such high volumes....
...The 55-million tonnes-a-year project, which would make Roy Hill Australia’s fourth-largest iron ore producer, will add to hefty new supplies coming on line from Rio Tinto, BHP Billiton and Fortescue Metals...
...for each metal....
...Rio said it mined 53.5mn tonnes of iron ore, which was in line with analyst expectations....
...Still, shares in miners and metal producers were hit after a report by Deutsche Bank said iron ore prices may slump 24 per cent by the end of this year as supply expands....
...In Sydney, the S&P/ASX 200 index fell 0.9 per cent to 4,315.7, with iron ore miners and other resource stocks bearing the brunt of the selling....
...Australia’s S&P/ASX 200 index gained 0.3 per cent to 4,647.97 with iron ore miner Fortescue Metals jumping 4.1 per cent to A$4.53 on plans to resume expansion work in the new year on its Kings deposit in...
...Atlas Iron sank 4.8 per cent to A$1.20, while diversified mining giants Rio Tinto and BHP Billiton slid 2 per cent to A$49.34 and 1.6 per cent to A$31.05 respectively....
...Yet, the price of other metals and minerals for which South Africa is a key producer remains largely unaffected....
...Metals producer United States Steel rose 4.4 per cent to $19.71 but Cliffs Natural Resources , the coal and iron ore producer, gave up early gains to close 0.1 per cent lower at $37.85....
...If the 787’s problems are confined to its batteries, the Dreamliner’s grounding could last for only days or a few weeks....
...Australian miners also lost ground with iron ore miner Fortescue Metals Group and Rio Tinto tumbling 5.1 per cent to A$4.66 and A$55.20 respectively....
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