Rio Tinto PLC
For US Steel Stocks, China Is a Ray of Hope This Year
In 2020, China is a ray of hope for the global steel industry. China has recovered fast from the pandemic. The recovery has been V-shaped.
China’s Iron Ore Imports Drop, Will Prices Stay Elevated?
Falling iron ore imports China consumes more than 70% of seaborne-traded iron ore. As a result, iron ore investors should track China’s demand and outlook. Today, China released its trade data for June. China’s iron ore imports were 75.18 million tons in June—9.7% lower YoY (year-over-year) and 10.2% lower month-over-month. In June, China’s imports fell […]
Most Asia-Pacific Indexes Gain as Markets Wait for Powell
Hong Kong’s Hang Seng Index recovered today after five straight losses.
Iron Ore: Chinese Steel Mills Urge Probe into Price Spike
China’s central government is paying close attention to the sharp rise in iron ore prices. The CISA asked the government to investigate the spike.
Asia-Pacific Update: Most Indexes Fall—with a Few Exceptions
Australia’s S&P ASX 200 was the best-performing index in the Asia-Pacific region on July 3. The index gained 0.59% on the day to end near its 12-year high at 6,685.5.
BMO Downgrades Rio Tinto on Expected Pullback in Iron Ore Prices
Iron ore prices are soaring in 2019 due to the combination of tighter supply and firm Chinese steel demand.
KOSPI Is Flat, but ASX, NZ50, and Singapore Indexes Lose Slightly
Australia’s ASX 200 lost 0.26% today. The index remained in a downward momentum within a narrow range today. 58 stocks in the index gained while 131 fell today. Among the sectors, industrials, healthcare, and basic materials were the only gainers today.
How NZ50, ASX, Singapore, KOSPI Indexes Fared Today
Australia’s ASX200 lost marginally today. Although the index was trading higher until noon, it erased those gains afterward. 70 stocks gained, while 118 fell. BHP Group (BHP) outperformed the index with marginal gains, while Rio Tinto (RIO) gained 0.64%.
ASX Recovers, KOSPI Is Flat, and Singapore Index Retreats
Australia’s ASX200 recovered today after a loss on Friday. After losing 0.55% on Friday, the index rose 0.22% today. Out of 200 stocks in the index, 83 advanced, while 103 retreated. 14 stayed unchanged today. BHP Group (BHP) and Rio Tinto (RIO) were among the gainers, while News Corp (NWSA) lost 1.29% on the Australian Stock Exchange today.
Rio Tinto’s Production Cut Could Propel Iron Ore Prices
On June 19, Rio Tinto (RIO) announced that it’s cutting its iron ore production guidance again for 2019. Rio Tinto’s production cut could be good news for seaborne iron ore prices and iron ore miners.
ASX Inched Closer to New High, KOSPI and Singapore Gained Big
On June 19, Australia’s ASX200 posted its second consecutive gain. The index rose 1.2% and closed at a fresh 11-year high of 6,648.10. The index is inching towards its lifetime high of 6,851.5.
Miners Pull ASX 200 Down, NZX 50 and Singapore Are Down Too
Australia’s S&P/ASX 200 fell 0.35% on June 17. The index traded in a narrow range as investors remained cautious. Out of the index’s 200 constituents, 62 stocks advanced, while 130 declined. Telecommunications, energy, and mining pulled the index down.
Supply or Demand: What Will Weigh on Iron Ore Prices More?
Tighter environmental controls are pushing Chinese mills to go for higher-quality imported ore as opposed to domestic ore. Seaborne iron ore exporters including Vale (VALE), BHP Billiton (BHP), and Rio Tinto (RIO) generate more than two-thirds of the total seaborne iron ore supply.
Why Iron Ore Prices Are Rising despite Disappointing Chinese Data
Iron ore prices are breaking one record after another. Today, Dalian iron ore futures reached a record of 797.5 yuan per ton (or $115.2), which is the highest level since Dalian iron ore futures started trading in 2013.
NZ50 Gains even as ASX and Singapore End Flat
After reaching an 11-year high yesterday, Australia’s S&P/ASX 200 dropped marginally and ended in the red today.
Why Iron Ore Prices Aren’t Facing Copper and Aluminum’s Losses
Chinese (FXI) iron ore imports have remained strong in 2019 year-to-date due to strength in steel production as prices remain high.
Will May’s Lower Chinese Iron Ore Imports Support Prices?
As China consumes more than 70% of seaborne-traded iron ore, it’s imperative for iron ore investors to track the country’s demand and outlook.
Record China Steel Production Supports Iron Ore despite Trade War
As the supply tightness in the seaborne iron ore market continues, there’s another factor supporting prices: Chinese steel demand.
Why Iron Ore Prices Are Bucking the Downtrend in Metals Prices
Iron ore supply tightness and continued demand from China have driven iron ore prices above $100 for the first time in the last five years.
Dalio’s Bridgewater: Stock Exits, Cuts, and Additions in Q1
For Ray Dalio’s Bridgewater Associates, the notable exits during the first quarter included U.S. Steel Corporation (X).