SPDR® S&P Metals and Mining ETF
Can FCX Stock and Copper Rise More in 2020?
Analysts don’t see much upside in FCX stock. The stock’s mean consensus target price represents a potential upside of 6.7% over the next 12 months.
Why CLF Stock Could Have an Eventful 2020
AK Steel’s acquisition would make 2020 a crucial year for CLF. The company needs to make a lot of strategic decisions about AK Steel.
A Look at Analysts’ Top 5 US Steel Stocks
In this overview article, we’ll see how analysts are rating the leading steel stocks, and we’ll also compare performance from the top five steel companies.
US Steel Stocks Surge, China Tariffs Delayed
US steel stocks have risen sharply on Tuesday. The Trump administration has delayed the tariffs on some Chinese products until December.
Gold Bucks Commodities’ Downtrend on Trade War Jitters
Gold prices received a boost after President Trump’s tweet that 10% duties would be levied on $300 billion of Chinese goods starting on September 1.
Alcoa’s Mid-Year Review: Will the June Rally Continue?
Alcoa (AA) had a nice run in June with an upwards price action of 10.5%. The entire metals and mining sector rallied last month.
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.
Miners Approach 52-Week Lows as Trade War Heat Intensifies
US equity markets are in the red today amid the escalation in the US-China trade war.
Miners Become Bottomless Pit as US-China Trade War Escalates
As the US-China trade war has seen a new round of escalations with the United States and China raising tariffs on each other’s goods, metal and mining stocks have especially come under pressure.
US Steel Stocks Bleed after China Retaliates against US Tariffs
US equity markets are deep in the red today, and the S&P 500 (SPY) is down 2.4% as of 12:10 PM ET. The SPDR S&P Metals and Mining ETF (XME) is underperforming the broader markets and has lost 4.4%.
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.
Metals’ Fragile Recovery Takes the Back Seat amid Trade Rhetoric
Donald Trump has stepped up his trade rhetoric by hiking up the tariff on $200 billion in Chinese goods to 25%.
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.
Supply Glut Fears ‘Exaggerated’? CLF’s Demand Outlook
Cleveland-Cliffs’ (CLF) Mining and Pelletizing sales volumes fell in Q1 2019, by 3.8% YoY (year-over-year) to 1.55 million tons, meeting just 7.8% of its expected volume for the full year.
Did Nucor Blame U.S. Steel for Depressed Steel Prices?
U.S. Steel Corporation has seen two downgrades this month. Analysts are concerned about rising US steel production capacity.
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.
What You Should Expect from AK Steel’s Q1 Earnings
AK Steel (AKS) is scheduled to release its first-quarter earnings on April 29 after the markets close. The company is to hold its earnings call on April 30.
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 […]
What Are Analysts’ Ratings on CLF ahead of Its Q1 Results?
Cleveland-Cliffs (CLF) is expected to report its first-quarter earnings results on April 25.
Steel Stocks Could Be in for a Revival after Recent Weakness
Credit Suisse and Bank of America Merrill Lynch issued bearish notes on the steel industry’s outlook earlier this month.
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.
Key Takeaways from Alcoa’s Q1 Earnings
Alcoa released its first-quarter earnings after the markets closed on April 17. The company reported revenues of $2.72 billion in the first quarter.
What China’s March Trade Data Could Mean for Metal Investors
China’s trade data is especially crucial for metal and mining investors (XME) given the country’s dominant share in global metal consumption.
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.
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.
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.
Is the Party Just Getting Started for Iron Ore Miners?
Iron ore prices are again touching multiyear highs.
US Steel Lagged, Other Steel Stocks Rose in Q1
AK Steel (AKS) outperformed other US steel stocks and rose 22.2% in the first quarter. Cleveland-Cliffs continued to outperform steel stocks.
Freeport-McMoRan: Bulls Short of Ideas amid Macro Uncertainty
Leading US-based copper miner Freeport-McMoRan (FCX) has been trading largely sideways this month, which is not surprising, considering copper price trends.
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).
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.
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.
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.
Are US Steel Stocks a ‘Sell’ after Disappointing Q1 Guidance?
Today, Steel Dynamics released its first-quarter earnings guidance. It expects its first-quarter EPS to be between $0.88 and $0.92.
How to Play AK Steel amid High Volatility
In this series, we’ll look at AK Steel’s (AKS) drivers and valuation and gauge how markets are pricing the company’s risk-return profile.
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.
China’s Stimulus Measures Could Support Commodity Prices
China’s total vehicle sales fell 2.76% YoY to 28.08 million units in 2018. China’s annual vehicle sales fell for the first time since 1990.
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.
How Analysts See Copper Miners as Prices Stabilize
The metals and mining space has seen a lot of turbulence over the last five years. In 2015, China’s slowdown concerns spooked commodity investors.
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%.
Why Ray Dalio Is Less Worried about a US Recession Now
Prominent investor Ray Dalio, the founder of Bridgewater Associates, has been worried about the prospects of a US recession.
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.
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.
AK Steel and U.S. Steel: A Tale of Two Guidance Methodologies
During their fourth-quarter earnings releases, both U.S. Steel Corporation (X) and AK Steel (AKS) announced tweaks to their guidance methodologies.
Freeport-McMoRan: Party Continues as Chinese Copper Imports Surge
Freeport-McMoRan (FCX) surged 6.9% yesterday, boosted by an upgrade from Morgan Stanley to “overweight.”
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.
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.
How Wall Street Views Steel Dynamics after Record Earnings
Steel Dynamics (STLD) has received a “strong buy” rating from three analysts, while eight analysts have rated it as a “buy” or some equivalent.
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.
How Vale’s Dam Collapse Could Impact CLF’s Pellet Premiums
On January 30, Cleveland-Cliffs (CLF) stock soared more than 17% on Vale’s (VALE) announcement that it would cut ~10% of its output.