Invesco DB Base Metals Fund
How Is Vale’s Base Metals Segment Performing?
Vale’s (VALE) copper production in 2018 was 395,500 tons—a decline of 9.8% YoY (year-over-year).
Why Analysts Expect Higher Earnings for Vale Going Forward
While Vale’s gains this year haven’t been much in absolute terms, it has outperformed most of its close peers.
Analysts’ Latest Upgrades and Downgrades for Rio Tinto
Of the 16 analysts covering Rio Tinto (RIO) stock, 62.0% have given it “buys,” 25.0% have given it “holds,” and 13.0% have given it “sells.”
Why Is Goldman Sachs Extremely Sold on Gold in 2019?
In a report published on November 26, Goldman Sachs (GS) stated that commodities (COMT) could climb 17% in the coming months.
These Factors Could Boost Vale’s Cash Flows Going Forward
Vale (VALE) is expecting its cash flows to significantly expand going forward.
Vale Is Getting Ready for the Electric Vehicle Revolution
On Vale Day on December 4, 2018, Vale (VALE) said it is getting ready for the coming electric vehicle revolution.
Vale Stock Could Benefit from Focus on Shareholder Returns
Vale stock has outperformed its close peers on a year-to-date basis.
Powell’s Speech Ignites a Rally in Equities and Metals
Markets had been worried about the Fed’s continued aggressive stance on rate hikes, which could shorten economic expansion.
Why Goldman Sachs Thinks Gold Prices Are ‘Extremely Attractive’
In a report published yesterday, Goldman Sachs (GS) stated that commodities (COMT) could climb 17% over the coming months.
Can Iron Ore Maintain Its Price Momentum amid China’s Slowdown?
China’s manufacturing growth in October was at its weakest level in over two years.
Company & Industry Overviews
Will Vale’s Strategy of Preserving Optionality in Nickel Work?
Vale’s (VALE) base metal (DBB) production, including nickel and copper production, was in line with its decision to lower its footprint by putting non-competitive mines on care and maintenance.
Could Vale Benefit from Electric Vehicle Demand?
Vale (VALE) is optimistic about the growing popularity of electric vehicles.
Analyzing Aluminum’s Outlook amid Trade War Fears
As we noted previously in this series, aluminum prices have seen downward pressure this year. Lower aluminum prices are negative for aluminum producers like Rio Tinto (RIO) and Norsk Hydro (NHYDY).
What Could Support Vale’s Cash Flow?
Vale (VALE) generated $15.5 billion of cash from operations and $8.6 billion of free cash flow (or FCF) in 2017.
Lower Footprint in Base Metals to Boost Vale’s Profitability
Vale’s (VALE) base metal (DBB) production, including nickel and copper, was flat to lower in 2017 compared to 2016.
Can Copper Provide Upside to BHP Billiton in Fiscal 2018?
Copper prices (DBB) have been quite buoyant lately, rising more than 30% in 2017—the second consecutive annual gain.
Vale to Preserve Nickel Optionality: Expects Electric Car Boom
On Vale Day on December 6, 2017, Vale (VALE) pared back its production forecasts for nickel (DBB) for the next five years.
How Higher Base Metals Prices Supported Vale’s Earnings
Vale’s base metals production rose in 3Q17, with copper production jumping 16.0% and nickel production climbing 10.2% sequentially.
How Alumina Prices Affect Century Aluminum
Alcoa (AA) is an integrated aluminum producer like Rio Tinto (RIO) and Norsk Hydro (NHYDY) and produces alumina and aluminum (DBB).
Commodities Are Mixed in the Early Hours of August 11
After losing momentum last week, crude oil started this week on a weaker note by pulling back on Monday, August 7.
Commodities Are Strong in the Early Hours on August 10
At 7:15 AM EST on August 10, the West Texas Intermediate crude oil futures contracts for September 2017 delivery were trading at $49.89 per barrel.
China’s Aluminum Exports Fall from Highs—a Relief for Alcoa
Previously in this series, we’ve looked at China’s July steel exports. In this article, we’ll look at the country’s aluminum exports.
Indian Equities Continue to Attract Investor Attention in July
Sensex, India’s (EPI) benchmark index, closed above the 32,000 mark for the first time on July 13, 2017.
Commodities Were Mixed Last Week, Dollar Lent Support
Copper started this week on a stronger note amid China’s stronger-than-expected economic data. The weaker dollar supported copper last week.
Commodities Are Mixed in the Early Hours on July 21
On July 21, crude oil opened the day lower and traded with weakness in the early hours. The market sentiment is mixed this week amid supply concerns.
Commodities Are Mixed in the Early Hours on July 19
Crude oil opened the week on a mixed note by pulling back on Monday. Oil opened higher on July 19 and traded with strength in the early hours.
Commodities Are Stable Early on July 18
Crude oil regained strength last week amid expectations of improved global demand for oil in 2H17. It opened higher on July 18 and traded with strength.
Mixed Commodities and Weaker Crude Oil in the Early Hours
Crude oil regained strength last week. In the early hours on Monday, crude oil is trading with mixed sentiment and below the opening price.
Commodities Are Strong on July 14, Supported by the Weak Dollar
On Friday, the weaker dollar is supporting commodities. Platinum and palladium are strong in the early hours.
Mixed Commodities and Weak Crude Oil Early on July 13
After gaining for three trading days, crude oil prices are weaker on July 13. Crude oil opened the day with dented sentiment and traded with weakness.
Commodities Are Weaker, Crude Oil Falls amid Supply Concerns
After pulling back last week amid supply concerns, crude oil started this week on a weaker note. Crude oil is trading with weakness in the early hours.
Commodities Are Weaker in the Early Hours on July 7
After staging a brief recovery on Thursday, crude oil lost strength on July 7. Crude oil opened the day lower and traded at the lowest levels in ten days.
Commodities Are Stable in the Early Hours on July 6
After falling on Wednesday, crude oil prices rebounded on July 6. Crude oil opened higher on Thursday and traded with stability in the early hours.
Commodities Are Mixed Early on June 29
In the early hours on June 29, crude oil prices are trading with strength amid decreased supply glut concerns.
Commodities Are Mixed, Weaker Dollar Supports Gold
Despite weakness in the dollar, copper prices are weaker due to concerns about China’s economic stability in the coming months.
Commodities Are Stable in the Early Hours on June 27
Crude oil started this week on a stable note by rising on Monday. In the early hours on June 27, crude oil prices are trading with strength.
How Are Analysts Rating Southern Copper in 2Q17?
Southern Copper has received a “buy” or equivalent rating from only three of the 13 analysts surveyed by Thomson Reuters.
Commodities Are Mixed, Dollar Weighs on Precious Metals
Gold lost strength amid the firmer dollar and improved global sentiment. The firmer dollar weighs on dollar-denominated commodities like gold and silver.
Commodities Were Mixed in the Week Ending June 23
The PowerShares DB Base Metals ETF (DBB) rose 2.7%, while the SPDR S&P Metals & Mining ETF (XME) rose 3.8% in the week ending June 23.
Commodities Are Stable in the Early Hours, Dollar Pulled Back
Gold is stronger amid the pullback in the dollar and dented global sentiment. The weaker dollar supports dollar-denominated commodities like gold.
Commodities Are Stable in the Early Hours on June 21
At 7:37 AM EST, West Texas Intermediate crude oil futures contracts for August 2017 delivery were trading at $43.48 per barrel—a fall of ~0.07%.
Commodities Are Weaker in the Early Hours on June 15
On June 14, crude oil broke the three-day gaining streak and fell to the lowest levels since mid-November 2016. On June 15, crude oil opened lower.
The Truth behind 2017 Copper Inventories
Fluctuations in copper inventories have been key drivers of copper prices in 2017.
Commodities Are Mixed, Gold Is Weaker before the Fed’s Meeting
Gold (GLD) and silver (SLW) are trading with weakness ahead of the Fed’s interest rate meeting. Gold opened lower on Tuesday and traded with weakness.
Why Alumina Prices Are a Challenge for Alcoa
The decline in alumina prices is a concern for Alcoa. The profitability of its alumina operations would be hit due to lower alumina prices.
Commodities Are Mixed, Crude Oil Fell amid Middle East Concerns
After falling for two consecutive trading days, crude oil prices fell on Monday and started the week on a weaker note.
Why Are Commodities Weaker in the Early Hours on June 2?
Crude oil fell for three consecutive trading days. Early on June 2, crude oil prices are weaker and trading at the lowest levels in three weeks.
Commodities Are Mixed on May 31, Crude Oil Is at 2-Week Lows
Crude oil prices were weaker on Tuesday amid dented sentiment. In the early hours on May 31, crude oil is weaker and trading at two-week low price levels.
Mixed Commodities and Weaker Crude Oil Early on May 29
At 7:10 AM EST, West Texas Intermediate crude oil futures contracts for July 2017 delivery were trading at $49.60 per barrel—a fall of ~0.4%.
Commodities Are Mixed, Crude Oil Is Stable in the Early Hours
Crude oil prices were as low as 5% on Thursday amid weaker market sentiment. Prices started to recover and were stable in the early hours on Friday.