Strong investor interest has continued in the junior and mid-cap resources stocks through 2017. Despite a relatively flat first half of the year, the second half has seen a 20-30% increase in the relevant ASX indices on the back of steadily improving metals prices, particularly in the base and battery... Show More
Expectations of increased infrastructure spending in the US have added fuel to the resurgent prices for commodities such as coking coal and iron ore. Alex Duffy from Fidelity cautions that investors may be overestimating the size of any impact US stimulus will have on demand for commodities. Even if the... Show More
Brad Potter, Head of Australian Equities at Nikko AM Australia recently visited China, primarily to find out what has been driving recent increases in iron ore and coal prices and whether they can be sustained. It appears that supply side reforms are taking place in the materials sector and there... Show More
CommSec Advisory’s Blair Hannon speaks with Tom Piotrowski about the sell-off on global markets, Myer’s full year results due on Thursday, and the recent surge in the price of coking coal Keep up to date with the latest market news at https://www.commsec.com.au/market-news/the-markets.html Show More
On the #1 risk facing Australian equity investors Tim Carleton from Auscap Asset Management says Chinese steel demand is his major concern. Circa 10% of domestic GDP comes from the export of the bulk commodities. This figure is substantially higher if you include support service industries. Primary and secondary property... Show More
Coking coal prices slump to a six year low forcing industry heavy weights to consider more mine closures. The Australian has an excellent article highlighting how expansions that were approved during the boom times have flooded the market and put prices under significant pressure. The June quarter coking coal contract... Show More
At Beer & Co, I have initiated research on New Age Exploration. We are attracted by an Enterprise Value of only just over $10m for 112Mt of JORC Resources of coking coal is a CSN 7.0 to 7.5. I estimate that it will take about 3 years to get into... Show More