Ivan Glasenberg fuels talk the copper price could be set for another leg-up, contrasting forecast growth in demand with a chronic lack of investment in new supply. Plus, Piedmont looks to tap into US auto industry with made-in-America lithium and Kirkland’s Fosterville on track to be Australia’s best gold mine. Show More
Zinc prices are at 10-year highs but you wouldn’t know it from looking at the share prices of the zinc project developers. While producers are enjoying good times on the bourse, shares in the next generation of zinc miners are drifting. But analysts say the developers offer plenty of upside. Show More
With the combination of midas-man Tolga Kumova on board, a strong cobalt flavour, polymetallic promise and strong impending newsflow, it seems Meteoric’s day may be about to dawn. And speaking of cobalt, Macquarie says the price outlook is superb, albeit a bit bumpy, for years to come thanks to electric... Show More
Tom Richardson, Senior Analyst at Watermark Funds, believes there is a handful of commodities that remain well supported at current levels, despite the recent strong performance. Specifically, he says the outlook for Gold and Zinc look attractive with good fundamentals underpinning current prices. It’s a different situation in bulk commodities... Show More
Not so long ago (i.e. just a few weeks), Glencore was leading the cheer squad for zinc. Its corporate acolytes were pitching the “zinc is the strongest metal” argument to retail investors liberally using Glencore’s charts and statistics in their presentations. Now, apparently, a price fall since May is too... Show More
Glencore’s shares, after floating in 2011 (with a share price of 542p) today hit a low of only 68p. In recent days a collective of investment banks including Goldman Sachs have voiced concerns that the company may not be cutting its debt quickly enough. Investec in a recent note says... Show More
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Glencore chairman and CEO Tony Hayward is particularly bullish on long-term oil. Hayward predicts that cuts to oil companies capital spending are “laying the seeds for the next oil price bull market” and “the supply chain in the U.S. is being decimated.” U.S. shale oil production, the source of the... Show More
Iron-Ore has plunged 40% this year, but we still feel BHP will fall ~30% further. RIO was +6.6% overseas, as it considers a merger with Glencore to create the world's largest Iron-Ore producer. Iron-ore prices have plunged 41% this year, I see no short/medium term change in this trend. Vale, the largest... Show More
Some of the biggest mining companies are running mines at a loss as the fixed costs of rail contracts mean it would be more costly to close them. One high profile case is Anglo American, says the SMH, Anglo is known to have take-or-pay contracts in place with Aurizon for... Show More