RECENT Basic Materials RESEARCH
Goldcorp’s annual guidance for 2015 remains at 3.3 million–3.6 million ounces of production for AISC of $875–$950 per ounce.
BHP Billiton’s (BHP) board recommended voting in favor of the South32 demerger. The shareholder approval vote on the demerger will be held on May 6, 2015.
Alcoa has lost almost a sixth of its market capitalization so far in 2015. Aluminum industry indicators have taken a beating since the middle of last year.
In this series, we’ll present a complete business overview. We’ll discuss the key things you should know before investing in Teck Resources.
Freeport has lost almost 20% of its market capitalization so far this year, making 2015 a turbulent period for the company.
Iron ore prices hit a 6.5-year low of $54.20 per ton on March 23. The prices already fell by 13% YTD (year-to-date). The prices fell by 49% in 2014.
Cliffs’ (CLF) stock prices fell to a fresh 52-week low of $4.24 on March 19, mostly due to an iron ore supply glut coupled with slowing Chinese demand.
Constellium released its 4Q14 financial results on March 12. It delivered an EPS of 0.48 euros in 2014. Its shipments in 4Q14 increased by 6% on a YoY basis.
Key earnings takeaways from Vale’s results show cost of goods sold amounted to $25.1 billion in 2014, an increase of $819 million from 2013.
In this series, we’ll look at the key aluminum indicators and how they’re shaping up. We’ll see the movement in aluminum prices and physical premiums.
In this series, we’ll look at some gold indicators investors can track to get a sense of what direction the price of gold will take.
BHP Billiton’s 1H15 results beat market expectations, particularly in terms of the company’s costs and productivity savings.
It’s important to look at iron ore indicators collectively because they give clues about the direction of iron ore prices.
Freeport-McMoRan (FCX) is a leading natural resources company. It’s among the top copper producers and holds the position of largest molybdenum producer.
Century Aluminum (CENX) posted its 4Q14 financial results on February 24 after the market closed. The earnings came in lower than analysts’ expectations.
Investors usually view gold as an inflation hedge. In this series, we’ll explore factors responsible for the recent volatility seen in gold prices.
North American senior gold producers are currently reporting their earnings. Gold prices were volatile in 2014, but gold ended up down only 1.5%.
Rio Tinto’s (RIO) Energy segment reported an underlying loss of $210 million—compared to underlying earnings of $33 million in 2013.
Rio Tinto (RIO) announced its full-year 2014 results on February 12, 2015. Overall, the results beat market expectations.
Aluminum plays had a solid 2014 on Wall Street. The aluminum industry was a standout among commodity plays, unlike other metals like steel and iron ore.