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...
...The perimeter of the financial junkyard is defined by a rating of BB+ from Fitch and S&P, and Ba1 from Moody’s....
...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....
...Tesla is following advice from an earlier era of metal-bashing: strike while the iron is hot. The US electric car maker plans to tap the equity market yet again....
...The Iodex index, complied by S&P Global Platts, is the main pricing reference for the 1.5bn-tonnes-a-year physical iron ore market....
...In Asia-Pacific on Wednesday, strong gains for iron ore miners did their best to support Australia’s S&P/ASX 200 amid concerns over the impact of a tailings dam failure in Brazil on supply....
...The broader S&P/ASX 200 index was up 0.3 per cent....
...Shares in Fortescue Metals Group were down as much as 2.8 per cent in Sydney on Thursday after the company reported a slight decrease in the iron it exported in the September quarter and lowered its forward...
...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....
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...The stock price of a blue chip usually closely follows the S&P 500. While throwing in some history… The phrase was coined by Oliver Gingold of Dow Jones sometime in 1923 or 1924....
...Shares of Fortescue Metals Group, an iron ore miner, are down 3.2 per cent....
...Anglo’s proposed disposals may be X2’s last chance to buy a bundle of assets, after BHP chose to divest assets through the South32 demerger....
...The stock market, however, has staged a notable recovery over the past month, while prices for oil and metals such as copper and iron ore have surged sharply higher....
...Rio, whose metier is shipping chunks of iron-rich Western Australia to the manufacturers of Asia, is pretty efficient....
...Barclays expects the long-awaited infrastructure spending on the power grid will also lift demand for the red metal....
...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....
...Across the sector, the FTSE 100’s metals and mining sub index fell 1.3 per cent....
...Investors have already been told to expect impairments of up to $4bn related to Anglo’s coal and iron ore businesses....
...Detractors of the company, which acts as a middleman for buyers and sellers of oil, coal, iron ore and metals, say it is providing a misleading picture of its financial performance....
...Vale, the Brazilian group that relies mainly on its iron ore assets, is considering an initial public offering of about one-third of its base metal division — copper and nickel mines....
...The Singapore dollar fell 1.1 per cent against the US dollar to S$1.3525....
...Industrial metal prices are mostly softer and Brent crude is down 93 cents to $91.18 a barrel, the cheapest price for benchmark oil in more than two years....
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