Rio Tinto PLC

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  • uploads///US steel industry
    Basic Materials

    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.

    By Mohit Oberoi, CFA
  • uploads///youth _
    Basic Materials

    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 […]

    By Anuradha Garg
  • uploads///stock trading monitor desk
    Macroeconomic Analysis

    Most Asia-Pacific Indexes Gain as Markets Wait for Powell

    Hong Kong’s Hang Seng Index recovered today after five straight losses.

    By Mike Sonnenberg
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    Miscellaneous

    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.

    By Anuradha Garg
  • uploads///comp
    Macroeconomic Analysis

    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.

    By Mike Sonnenberg
  • uploads///mining _
    Miscellaneous

    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.

    By Anuradha Garg
  • uploads///stc
    Macroeconomic Analysis

    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.

    By Mike Sonnenberg
  • uploads///rise
    Macroeconomic Analysis

    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%.

    By Mike Sonnenberg
  • uploads///chart
    Macroeconomic Analysis

    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.

    By Mike Sonnenberg
  • uploads///mining _
    Miscellaneous

    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.

    By Anuradha Garg
  • uploads///sydney
    Macroeconomic Analysis

    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.

    By Mike Sonnenberg
  • uploads///stock _
    Macroeconomic Analysis

    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.

    By Mike Sonnenberg
  • uploads///mining _
    Miscellaneous

    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.

    By Anuradha Garg
  • uploads///Part _
    Miscellaneous

    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.

    By Anuradha Garg
  • uploads///chart
    Macroeconomic Analysis

    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.

    By Mike Sonnenberg
  • uploads///mining _
    Miscellaneous

    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.

    By Anuradha Garg
  • uploads///mining _
    Miscellaneous

    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.

    By Anuradha Garg
  • uploads///Part
    Basic Materials

    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.

    By Anuradha Garg
  • uploads///mining _
    Miscellaneous

    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.

    By Anuradha Garg
  • uploads///Part
    Basic Materials

    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).

    By Anuradha Garg
  • uploads///Price Action
    Miscellaneous

    Why Iron Ore Prices Could Have More Upside after Breaching $100

    Iron ore miners, including Vale, BHP Billiton, and Rio Tinto, have signaled reduced iron ore production, and steel mills aren’t prepared.

    By Anuradha Garg
  • uploads///shane mclendon  unsplash
    Basic Materials

    Vale’s Production Loss Has Become Its Peers’ Gain—Here’s How

    Vale (VALE) published its first-quarter production report on May 8, making its shipment data much clearer.

    By Anuradha Garg
  • uploads///Vale
    Basic Materials

    Are Higher Iron Ore and Pellet Prices the New Normal?

    Investors might recall that a major disaster struck Vale (VALE) on January 25, with a dam rupture at its iron ore mine in the Brazilian state of Minas Gerais (EWZ) killing more than 300 people.

    By Anuradha Garg
  • uploads///copper _
    Basic Materials

    Freeport-McMoRan: What to Expect after Last Week’s Sell-Off

    Freeport-McMoRan (FCX), the leading US-based copper miner (XME), saw a selling spree after its first-quarter earnings were released.

    By Mohit Oberoi, CFA
  • uploads///Vale
    Basic Materials

    Cleveland-Cliffs’ Upside: Vale’s Dam Burst and Supply Disruptions

    Vale’s dam burst On January 25, a major disaster struck Vale (VALE) when a dam ruptured at one of its mines in Brazil (EWZ). More than 300 people died when the dam ruptured. Since then, there have been several injunctions on the company. Vale announced that it will decommission all of the dams built by the upstream […]

    By Anuradha Garg
  • uploads///Realized prices
    Basic Materials

    Cleveland Cliffs: Realized Price Expectations in 2019

    Cleveland-Cliffs expects US (SPY) (IVV) realized prices to be $102.0–$107.0 per ton for 2019.

    By Anuradha Garg
  • uploads///Part
    Basic Materials

    Iron Ore Prices Could Be Supported after Vale’s Mine Restart

    Even though a Brazilian court gave Vale authorization to restart the Brucutu mine, Vale hasn’t increased its guidance.

    By Anuradha Garg
  • uploads///iron ore mine
    Basic Materials

    Vale: No Production Upgrade despite Authorization to Reopen Mine

    On April 16, a Brazilian (EWZ) court gave Vale (VALE) authorization to restart its operations at the Brucutu mine.

    By Anuradha Garg
  • uploads///Aggegate financing
    Basic Materials

    Could Citibank’s Three-Figure Forecast for Iron Ore Prices Come True?

    Citibank (C) is advising investors to participate in the current iron ore price (PICK) rally.

    By Anuradha Garg
  • uploads///China Auto Sales
    Financials

    Why Goldman Sachs Advises Investors to Take Profits in Iron Ore

    Like most other analysts, Goldman Sachs (GS) also increased its price forecast for iron ore due to the supply disruptions in Australia and Brazil (EWZ).

    By Anuradha Garg
  • uploads///Price Gain iron ore
    Basic Materials

    Why Is Barclays Optimistic on the Iron Ore Price Outlook?

    Barclays is optimistic about the iron ore price outlook given the supply disruptions from Australian miners as well as Vale’s (VALE) dam disaster.

    By Anuradha Garg
  • uploads///Relative price perf
    Basic Materials

    Credit Suisse Is Expecting a Push in Iron Ore Prices on Supply Deficit

    As iron ore supply disruptions, at least from Vale (VALE), don’t look likely to go away easily, analysts have started another round of upgrades for iron ore prices.

    By Anuradha Garg
  • uploads///China steel Prod
    Miscellaneous

    Could Chinese Port Inventories Decline amid Supply Tightness

    As the supply disruptions from the world’s two largest iron ore exporters, Brazil and Australia, have started showing in the export data, the fears of a supply crunch have gripped markets.

    By Anuradha Garg
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    Basic Materials

    Is the Party Just Getting Started for Iron Ore Miners?

    Iron ore prices are again touching multiyear highs.

    By Anuradha Garg
  • uploads///part
    Basic Materials

    Freeport-McMoRan’s Valuation: What’s Priced In?

    Freeport-McMoRan (FCX) is valued at 9.4 times its 2019 expected EBITDA and 7.0 times its 2020 expected EBITDA.

    By Mohit Oberoi, CFA
  • uploads///part
    Basic Materials

    Alcoa Could Be in for Another Challenge

    Last year, Alcoa (AA) posted adjusted EBITDA of $3.1 billion, which was higher than what it posted in 2017.

    By Mohit Oberoi, CFA
  • uploads///hand _
    Basic Materials

    Alcoa’s Outlook Looks Murky amid Conflicting Indicators

    Alcoa (AA), the leading US-based aluminum producer, is having a somber year.

    By Mohit Oberoi, CFA
  • uploads///Part
    Basic Materials

    Could Iron Ore Gain from Vale’s Large Production Cut Expectation?

    Vale’s (VALE) iron ore production came in at 101 million tons in the fourth quarter of 2018, an increase of 8.2% YoY (year-over-year).

    By Anuradha Garg
  • uploads///mining _
    Basic Materials

    Vale’s Q4 Results: Why Analysts’ Sentiments Are Trending Down

    Vale (VALE) released its fourth-quarter and 2018 results on March 27. In 2018, it reported a net profit of $6.86 billion.

    By Anuradha Garg
  • uploads///Vale
    Basic Materials

    Vale’s Dam Burst Has Yet to Fully Reflect in CLF’s Prices

    On January 25, a major disaster struck Vale (VALE) when a dam ruptured at its iron ore mine in the Brazilian (EWZ) state of Minas Gerais.

    By Anuradha Garg
  • uploads///Vale_Ratings
    Company & Industry Overviews

    Vale’s Production Is Strong, Investors Await Q4 Results

    On March 26, Vale (VALE) reported its fourth-quarter production. The company’s iron ore production was 101 million tons in the fourth quarter.

    By Anuradha Garg
  • uploads///mining _
    Basic Materials

    Why Vale’s Problems Will Likely Continue

    Vale’s (VALE) problems don’t seem to be ending anytime soon. Since the disaster on January 25, Vale stock has fallen 13.5% as of March 25.

    By Anuradha Garg
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    Basic Materials

    Chinese Slowdown Deepens: Industrial Output at 17-Year Low

    China’s industrial production rose 5.3% YoY in January and February combined.

    By Anuradha Garg
  • uploads///part  aluminum
    Basic Materials

    Alcoa’s Aluminum Exports Continue to Rise, Concerns Persist

    After rising YoY for 14 consecutive months, China’s aluminum exports fell 7.8% YoY in February. The exports also fell 38% sequentially.

    By Mohit Oberoi, CFA
  • uploads///China steel production
    Basic Materials

    Moody’s Downgrade and Potential Fines Weaken Vale’s Outlook

    Vale (VALE) could face $7 billion worth of fines in connection with the audit of the mining dam that collapsed.

    By Anuradha Garg
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    Earnings Report

    Rio Tinto Beats 2018 Estimates and Declares Special Dividend

    Rio Tinto (RIO) released its 2018 results on February 27. Its EPS of $5.12 beat consensus estimates by 5%.

    By Anuradha Garg
  • uploads///part
    Basic Materials

    Analyzing Alcoa’s 2019 Outlook

    On paper, aluminum’s fundamentals look strong. Aluminum markets were expected to be in a deficit of 1.5 million metric tons last year.

    By Mohit Oberoi, CFA
  • uploads///part  ebitda
    Basic Materials

    Is Alcoa Undervalued like Analysts’ Estimates Suggest?

    Although some analysts have lowered Alcoa’s target price, the consensus estimates still suggest a strong upside for the stock.

    By Mohit Oberoi, CFA
  • uploads///stock _
    Basic Materials

    Should You Expect More Gains from Alcoa in 2019?

    Alcoa (AA) has seen an upward price action of 13.5% in 2019 based on its closing prices on February 22.

    By Mohit Oberoi, CFA
  • uploads///coins _
    Basic Materials

    Why Freeport-McMoRan Is Surging Today

    Freeport-McMoRan (FCX), the leading US-based copper miner, is trading with gains of 5.5% as of 11:55 AM EST.

    By Mohit Oberoi, CFA
  • uploads///Part
    Basic Materials

    Which Analysts Expect Iron Ore Prices to Breach $100 and Why?

    The true impact of Vale’s recent difficulties in terms of iron ore prices is still unknown.

    By Anuradha Garg
  • uploads///Price action
    Basic Materials

    Vale’s Loss Is Its Peers’ Gain—More Upside for Miners?

    The clampdown on Vale (VALE) stock is expected to continue. It’s been spiraling downward since the dam disaster struck.

    By Anuradha Garg
  • uploads///mining _
    Basic Materials

    Will Iron Ore Breach $100 in the Wake of Vale’s Dam Collapse?

    Following Vale’s (VALE) dam collapse on January 25, iron ore prices have been rising.

    By Anuradha Garg
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    Basic Materials

    Vale: More Issues after the Dam Disaster

    Vale stock fell ~6% on February 6 after the Wall Street Journal report. Investors should expect more pressure on Vale stock in the short term.

    By Anuradha Garg
  • uploads///mining _
    Basic Materials

    Why Is Cleveland-Cliffs Stock Soaring More than 15% Today?

    Cleveland-Cliffs (CLF) stock has been soaring today. At 11:00 AM EST, the stock was up more than 15%.

    By Anuradha Garg
  • uploads///Auto Sales
    Basic Materials

    Can China’s Real Estate Keep Supporting Its Economy This Year?

    As China (FXI) is the world’s largest steel consumer, investors should watch the country’s steel demand.

    By Anuradha Garg
  • uploads///Steel Prices
    Basic Materials

    What China’s Steel Price Trends Could Mean for Iron Ore Miners

    Bumper margins prompted Chinese steel mills to continue increasing their output.

    By Anuradha Garg
  • uploads///China steel production
    Miscellaneous

    China’s Steel Production Outlook Remains Muted

    As reported by Reuters, China’s average daily output hit its lowest level in December since March 2018.

    By Anuradha Garg
  • uploads///China iron ore imports
    Healthcare

    Why China’s Iron Ore Demand Could Soon Weaken

    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.

    By Anuradha Garg
  • uploads///forge _
    Basic Materials

    Could China’s Slowdown Weigh on Iron Ore Prices This Year?

    Iron ore prices were volatile last year, peaking at $79 per ton in February, plunging to $63 per ton in March, and taking off again soon after.

    By Anuradha Garg
  • uploads///part  ebitda
    Basic Materials

    Is Freeport-McMoRan Preparing for an Eventual Sale?

    Last year, rumors cropped up that Freeport-McMoRan (FCX) was up for sale.

    By Mohit Oberoi, CFA
  • uploads///part
    Basic Materials

    Freeport-McMoRan: Should You Think Like Warren Buffett

    Freeport-McMoRan Freeport-McMoRan (FCX) is valued at an EV-to-EBITDA (enterprise value-to-EBITDA) of 6.6x its 2019 expected EBITDA. Among other mining companies, Vale (VALE) and Rio Tinto (RIO) have EV-to-EBITDAs of 6.09x and 5.43x, respectively. Southern Copper (SCCO) has a 2019 EV-to-EBITDA of 7.7x. If we consider these valuation multiples alone, Freeport could appear relatively overpriced. However, as […]

    By Mohit Oberoi, CFA
  • uploads///part  ebitda
    Basic Materials

    Freeport-McMoRan’s Q4 Earnings: The Word on Wall Street

    Freeport-McMoRan (FCX) is expected to release its fourth-quarter results on January 24.

    By Mohit Oberoi, CFA
  • uploads///growth _
    Basic Materials

    Alcoa: Strong Q4 Numbers Can’t Hide Its Weakness

    Alcoa (AA) released its fourth-quarter earnings on January 16 after the markets closed. The company reported revenues of $3.3 billion.

    By Mohit Oberoi, CFA
  • uploads///part  analyst
    Basic Materials

    Alcoa Stock: Analysts Might Be a Little Too Optimistic

    Alcoa has received a mean consensus target price of $49.93 from the analysts polled by Thomson Reuters.

    By Mohit Oberoi, CFA
  • uploads///part
    Basic Materials

    Alcoa: 2019 Might Be the Real Test

    Alcoa is expected to post revenues of $3.35 billion in the fourth quarter. The company posted revenues of $3.39 billion in the third quarter.

    By Mohit Oberoi, CFA
  • uploads///Vale_Estimates
    Basic Materials

    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.

    By Anuradha Garg
  • uploads///Vale_Ratings
    Basic Materials

    Why Are Analysts Turning Around on Vale?

    Among the three major seaborne iron ore miners we’re discussing in this series, Vale stock has the highest percentage of “buy” ratings.

    By Anuradha Garg
  • uploads///Rio_Estimates
    Miscellaneous

    Factors Driving Rio Tinto’s Earnings Estimates in 2019 and Beyond

    Rio Tinto (RIO) (TRQ) stock has returned -9.8% YTD (year-to-date) as of December 21.

    By Anuradha Garg
  • uploads///RIO_Ratings
    Basic Materials

    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.”

    By Anuradha Garg
  • uploads///part  valuation
    Basic Materials

    Should Alcoa Be on Your Shopping List for 2019?

    As we noted previously in this series, Alcoa (AA) and other aluminum producers—including Century Aluminum (CENX)—are having a terrible year as aluminum prices have plunged.

    By Mohit Oberoi, CFA
  • uploads///wire _
    Basic Materials

    Is Freeport-McMoRan Worth a Look Now?

    Freeport-McMoRan (FCX), the leading US-based copper miner, has been struggling in 2018. The stock has fallen 44% year-to-date.

    By Mohit Oberoi, CFA
  • uploads///China steel margins
    Macroeconomic Analysis

    Will Chinese Steel Mills’ Pains Intensify with the Trade War?

    Chinese steel producers have finally come under pressure after reaping significant benefits over the last three years.

    By Anuradha Garg
  • uploads///China iron ore imports
    Healthcare

    China’s Iron Ore Imports Have Fallen, Outlook Remains Muted

    China imported 86.25 million tons of iron ore in November, implying declines of 8.8% YoY (year-over-year) and 2.4% sequentially.

    By Anuradha Garg
  • uploads///Iron ore prics
    Basic Materials

    Is the Party Over for Commodities as China Steel Feels the Heat?

    On November 26, iron ore prices collapsed, recording their largest one-day fall of 8.4% since April 2017.

    By Anuradha Garg
  • uploads///Valuation
    Basic Materials

    How Vale’s Valuation Multiples Look

    Currently, Vale (VALE) is trading at a forward EV-to-EBITDA multiple of 4.9x, which is a discount of 23% to its past five-year average multiple.

    By Anuradha Garg
  • uploads///FCF
    Basic Materials

    These Factors Could Boost Vale’s Cash Flows Going Forward

    Vale (VALE) is expecting its cash flows to significantly expand going forward.

    By Anuradha Garg
  • uploads///Net debt
    Basic Materials

    Vale Has Delivered on Deleveraging Plan: What’s Next?

    At Vale Day in December 2017, Vale (VALE) had committed to reducing its net debt to $10 billion from $21 billion.

    By Anuradha Garg
  • uploads///Iron ore prices
    Miscellaneous

    What Is Vale’s Iron Ore Price Outlook?

    Vale’s (VALE) CEO mentioned during Vale Day that the recent weakness in iron ore prices was expected due to the start of the winter season in China.

    By Anuradha Garg
  • uploads///mining excavator _
    Basic Materials

    Vale Stock Could Benefit from Focus on Shareholder Returns

    Vale stock has outperformed its close peers on a year-to-date basis.

    By Anuradha Garg
  • uploads///lignite _
    Basic Materials

    BHP Billiton Downgraded by JPMorgan, Added to Goldman’s Buy List

    JPMorgan Chase analyst Lyndon Fagan downgraded BHP Billiton (BHP) from an “overweight” to a “neutral” rating on December 6.

    By Anuradha Garg
  • uploads///part  alcoa
    Basic Materials

    Is There a Buying Opportunity in Alcoa?

    Alcoa (AA), the leading US-based aluminum producer, fell 9.0% in November. Alcoa has fallen 41% in 2018.

    By Mohit Oberoi, CFA
  • uploads///dices over newspaper profit
    Basic Materials

    How Are Copper Miners Placed in Q4 2018?

    Copper prices have been largely rangebound during the past month. Copper prices have hovered above $6,000 per metric ton.

    By Mohit Oberoi, CFA
  • uploads///featured
    Basic Materials

    Is There More Heat Left in Freeport-McMoRan’s Rally?

    Freeport-McMoRan (FCX) has seen a significant upside after the stock fell to its 52-week low after its third-quarter earnings were released.

    By Mohit Oberoi, CFA
  • uploads///part  cenx ebitda
    Basic Materials

    What Really Changed for Alcoa after Trump’s Tariffs?

    The US-China trade war and the general slowdown in China’s aluminum demand have taken a toll on aluminum prices.

    By Mohit Oberoi, CFA
  • uploads///Iron ore companies performance
    Miscellaneous

    Why Iron Ore Stocks Could Struggle to Hold Ground

    Iron ore production by major miners (XME) including Vale (VALE), BHP (BHP), and Rio Tinto (RIO) continues to be strong.

    By Anuradha Garg
  • uploads///mining _
    Healthcare

    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.

    By Anuradha Garg
  • uploads///money _
    Basic Materials

    Alumina Price Volatility Makes Companies Rethink Strategies

    Global aluminum markets have seen significant volatility this year. Aluminum prices topped the $2,500 per metric ton level in April.

    By Mohit Oberoi, CFA
  • uploads///part
    Basic Materials

    Should Freeport Consider a Share Buyback?

    In this article, we’ll look at the key updates the markets might be expecting on Freeport’s third-quarter earnings call.

    By Mohit Oberoi, CFA
  • uploads///part
    Basic Materials

    Are Mining Companies Bullish on Copper?

    Despite the rout in metal prices, diversified miners are still flush with cash thanks to strong iron ore prices.

    By Mohit Oberoi, CFA
  • uploads///part  valuation
    Basic Materials

    Alcoa: Key Updates Markets Might Watch

    During the second-quarter earnings release, Alcoa lowered its 2018 adjusted EBITDA guidance to $3.0 billion–$3.2 billion.

    By Mohit Oberoi, CFA
  • uploads///part
    Basic Materials

    Why Analysts Are Still Bullish on Alcoa Stock

    Alcoa (AA) carries a mean consensus price target of $58.3, which represents a 42.7% upside over its October 1 closing prices.

    By Mohit Oberoi, CFA
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    Basic Materials

    What’s Holding Back Alcoa Stock This Year?

    Alcoa (AA), the leading US-based aluminum producer, is having a terrible year.

    By Mohit Oberoi, CFA
  • uploads///update _
    Basic Materials

    Are Miners Looking Cheap? J.P. Morgan Thinks So, Upgrades Rio Tinto

    Today, J.P. Morgan (JPM) upgraded Rio Tinto (RIO), believing that demand from China (FXI) should pick up over the coming months.

    By Anuradha Garg
  • uploads///RIO_Estimates
    Miscellaneous

    Factors that Analysts Expect to Drive Rio Tinto’s Earnings Growth

    In 2018, analysts expect Rio Tinto’s revenues to rise marginally, with a 0.4% year-over-year increase to $40.2 billion.

    By Anuradha Garg
  • uploads///RIO_Ratings
    Basic Materials

    Rio Tinto Stock: Are Analysts Turning Away?

    Of the 14 analysts covering Rio Tinto (RIO) stock, 57.0% recommend a “buy,” 29.0% recommend a “hold,” and 14.0% recommend a “sell.”

    By Anuradha Garg
  • uploads///copper _
    Basic Materials

    How Copper Miners Stacked Up in the First Half

    The second-quarter earnings season is over, and most copper miners have released their quarterly financial performance results.

    By Mohit Oberoi, CFA
  • uploads///China Steel prices
    Basic Materials

    How Long Can China’s Steel Prices Keep Supporting the Sector?

    Steel futures have gained ~29% from the end of last year to this year’s recent peak.

    By Anuradha Garg
  • uploads///China steel production
    Miscellaneous

    China Steel Production Hits New High

    In July, China produced a record 81.2 million tons of steel.

    By Anuradha Garg
  • uploads///welding _
    Basic Materials

    Alcoa Stock: Can the Uptrend Continue?

    Alcoa (AA) has seen upward price action in August. The stock has risen 4.3% in August, while it’s still down 16.2% YTD (year-to-date).

    By Mohit Oberoi, CFA
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