Do investors favour the next big thing, rather than focusing on long term success? Show More
fortescue metals
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
When I started Narrow Road Capital in 2012 many people would question why an Australian credit manager was so negative about lending to commodity linked companies. Australia has a plethora of miners so why wouldn’t I want to lend to at least some of those? The journey that Fortescue has... Show More
Falling iron ore prices have led to Fortescue Metals Group reporting a 31% fall in revenue to $3.3bn. Effective cost management & production consistent with full year production have been factors in helping mitigate the impact of lower prices For more Reporting Season coverage, please visit https://www.commsec.com.au/reportingseason Show More
In part one of a three-part 'outlook' series we have picked five big issues that the markets will be following closely in 2016. In this new format six regular Livewire contributors give their view either True or False to each scenario. These are the topics covered: BHP will cut their... Show More
Iron ore price has had an amazing rise and fall, a pattern that often repeats itself in commodity cycles. Increased demand initially causes the price of a commodity to increase. Mining then becomes extremely profitable, encouraging more mines to be constructed. The new supply causes the commodity price to fall... Show More
The iron ore spot price is at $47.08 and three in every four tonnes of iron ore produced globally is now at / near loss making. In today’s AFR the front page headline reads “Iron ore price war rocks Atlas” and through our morning meeting we discussed which high cost... Show More
This is the first real read on the ramp up of FMG's operations and the numbers filtering through show the strength FMG has seen over the past six months. With an average iron ore price at US$124Mt and an AUD at 90 cents, the stronger-than-expected EBIT numbers shows the capital... Show More