Invesco DB Commodity Index Tracking Fund

Wall Street analysts gave mixed recommendations after Apache’s quarterly results. Apache shares fell 5% on November 6, 2015, after the earnings release.

Alcoa has revised down its 2016 global aluminum demand growth projection to 5%.

As an Alcoa (AA) shareholder, you might like to know whether the split will create value. The value, in this case, would basically mean whether the two separate companies would be worth more than the combined entity.

Donald Trump’s policies are aimed at strengthening job markets in the United States (VFINX) (IVV).

In essence one of the things we have accomplished with these three products is to reduce the volatility inherent in all markets, and in particular very volatile markets like the real asset sectors.

Among the stocks under review in this series, Vale SA (VALE) has given the highest trailing-three-month return of 36.4%, while Rio Tinto (RIO) has generated the lowest return of 15.4%.

According to Bloomberg, Rio Tinto CFO Chris Lynch has suggested that iron ore prices will not collapse, as many expect.

Freeport-McMoRan released its 3Q17 earnings on October 25, posting revenues of ~$4.3 billion in 3Q17, compared with ~$3.7 billion in 2Q17.

The service sector is the main contributor to Brazil’s GDP and job creation, but it’s currently suffering from structural weakness and poor international performance.

TIPS may offer some value as inflation breakeven seems modest. TIPS provide investors a hedge against inflation just like gold (GLD) and other commodities (DBC).

RAAX’s allocation process provides exposure to segments with better returns profiles while managing overall portfolio risk.

The repercussions of the equity market carnage are evident in commodity markets. Copper, which some analysts see as an indicator of the global economy’s health, has come off its 2018 highs.

Every segment of the global financial markets began 2018 on a positive note. The global equity rally extended in the first week of the year.

Copper, like other metals, is widely recycled. Last year, we saw improved scrap flows as copper prices moved to higher price levels.

After its split, Alcoa (AA) became a pure-play aluminum producer (S32) (CENX). Like other aluminum producers, Alcoa’s fortunes are tied to metal prices.

Copper bulls had a nice run since July. Copper underperformed several industrial metals in 1H17. However, copper has been on an uptrend in 2H17.

Last week was broadly positive for industrial metals (DBC). Copper rose 3.6%, while aluminum prices rose 1.3% in the week ending November 24.

In this series, we’ll look at the key developments that impacted mining companies last week. We’ll also look at some of the company-specific developments that impacted mining stocks.

For 3Q17, Cleveland-Cliffs reported average realized prices came in at $90.50 per ton.

The final Russia Manufacturing PMI (Purchasing Managers’ Index) rose marginally in September 2017. It was 51.9 in September compared to 51.6 in August.

According to the report provided by the World Bank in June 2017, global (ACWI) growth is expected to strengthen to 2.7% in 2017.

Aluminum prices have been strong in 2017 and have built on last year’s gains. The entire industrial metals space has come a long way since 1Q16.

BHP Billiton’s (BHP) copper production fell 16.0% in fiscal 2017 to 1.3 million tons.

Aluminum prices have gained more than 22% so far in 2017. This trend was preceded by a 13.6% rise in 2016.

Copper prices have shown strength over the last few trading sessions, which has helped the upwards price action of miners including Freeport-McMoRan (FCX), Glencore (GLNCY), and Southern Copper (SCCO).

As we noted previously, aluminum prices have been strong this year. Strength has been driven by positive supply and demand dynamics.

As we saw in the previous two parts of this series, Vale’s (VALE) iron ore and coal production increased sequentially in 2Q17.

On August 8, China released its trade data for July. The country’s exports in dollar terms rose 7.2% compared to July 2016 while imports rose 11%.

The Malaysian economy gave us an impressive growth story in 1Q17, with its increased investments in infrastructure and private sector expansion.

Colombia, an important Latin American (ILF) economy, is currently facing sluggish growth due to a decline in commodity prices (DBC) and political instability.

Annual consumer inflation in Colombia (GXG) has dropped for 12 consecutive months as of June 2017.

Brazil’s exports stood at $19.7 billion in May 2017, a 12.6% increase year-over-year, boosted by sales of semi-manufactured products and basic products.

The Brazilian real dropped ~2% in May 2017 amid the country’s ongoing political instability.

Qatar was expected to grow at a faster pace in 2017. However, economic sanctions by its neighbors are expected to impact its economic activity in 2017.

With higher steel production and subdued demand, one would expect a tsunami of Chinese steel exports, but this wasn’t the case last month. So what did China want with so much steel?

Since China is the world’s largest steel producer and exporter, it’s important for investors to keep track of Chinese steel prices.

Freeport expects its copper shipments to fall next year due to asset sales. The falling trend in its copper shipments could continue beyond 2017.

The International Monetary Fund (or IMF) warned that there are three major risks to the global financial system in its latest report on global financial stability.

Alcoa’s 3Q16 guidance Previously, we looked at factors that could impact Alcoa’s (AA) 3Q16 revenues. In this part, we’ll look at the company’s profitability metrics. Note that there are several metrics you can use to measure an enterprise’s profitability. Alcoa releases a non-GAAP (generally accepted accounting principles) measure, the ATOI (after tax operating income). In […]

On the commodities side, we have broad-based commodity benchmark, the Nasdaq Commodity Index, aptly named.

Aluminum prices have shown resilience this year. However, aluminum has been facing stiff resistance at $1,700 per metric ton.

It’s important for investors in companies such as Freeport-McMoRan, BHP Billiton, and Rio Tinto to track Chinese copper demand indicators.

Brazil’s inflation rate slowed for the second straight month in March. The annual inflation rose by 9.4%—compared to 10.4% in the previous month.

Iron ore forms the biggest chunk of BHP Billiton’s revenues and earnings. For its latest quarter, the company delivered 7% year-over-year growth.