Nikko Asset Management Australia

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

Roger Montgomery

The widely observed slow down in China’s property and infrastructure sectors has meant that the 839 million tonnes of steel being produced in China annually is not being absorbed by the construction industry. In fact residential property construction (which demands the highest proportion of steel), commercial and industrial have all... Show More

Livewire News

Vale cuts dividend more than forecast. Vale SA, the world's largest iron-ore producer, will reduce dividends more than analysts estimated this year as prices for the steel-making ingredient are expected to hover near six-year lows. The Rio de Janeiro-based company will pay at least $2 billion in dividends this year,... Show More

Nicholas Forsyth

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

Rudi Filapek-Vandyck

Word has spread that one of the most popular features in the UBS research universe this month has been an attempt to calculate breakeven production prices for all Australian iron ore producers. UBS analysts have subsequently followed-up with a broadened exercise, including major international producers as well. First observation is,... Show More